Patrick D. Daugherty directs a corporate, M&A, finance and regulatory practice devoted to capital formation, productive innovation and return of and on investment. He leads teams of lawyers that provide the particular array of services needed by each client day to day and has helped clients monetize billions of dollars in sweat equity.
As a confidential adviser, he also helps clients resolve sensitive legal matters out of court, quickly and quietly.
Recent projects include the purchase of a cutting-edge artificial intelligence business by fintech pioneer Trading Technologies International and the expansion of energy futures contract trading by another client, Nasdaq.
Mr. Daugherty is addressing distributed ledger (blockchain) development as an extension of his securities practice.
Mr. Daugherty manages relationships with clients in diverse industries such as health care, financial services, fintech and manufacturing, creating and managing teams of lawyers to service each client.
In particular, Mr. Daugherty directs multi-disciplinary teams of lawyers in planning and executing tender offers, exchange offers, restructurings, recapitalizations, mergers, stock purchases, asset purchases, divestitures, LBOs, MBOs and “going private” transactions.
He also plans and executes public and private offerings of equity, debt and hybrid securities occupying every rung of a company’s capital structure, throughout its entire life cycle: from “angel” or “seed” investment and “Series A” preferred stock to the IPO, PIPE and secondary offerings, as well as mezzanine, convertible, exchangeable, high-yield and high-grade debt issues. With help from other experts, Mr. Daugherty organizes hedge funds, commodity trading funds, and private equity funds.
Mr. Daugherty participates in both private and public change-of-control transactions, advising bidders, activist investors, targets, independent directors, financiers and financial advisors.
An early example was the unsolicited bid by Kuhlman Corporation for Communication Cable, where he guided Kuhlman in the first successful attempt by any bidder to acquire a target company while complying with North Carolina’s anti-takeover laws.
He represents both buyers and sellers in private equity transactions and has been chosen to provide outside general counsel services to portfolio companies of several private equity firms.
- Taking Charlotte Motor Speedway and Atlanta Motor Speedway public on the New York Stock Exchange in a “world first” for the motorsports industry;
- Managing a series of divestitures by Tyco International after a change of management in what was then the largest divestiture program in the U.S.;
- Helping Cablevision secure SEC approval of a $10 billion going private transaction in less than 45 days, a project picked as “Deal of the Year” by The Deal magazine;
- Representing the selling shareholders in the highly successful IPO of multinational exchange operator Bats Global Markets, the leading market for ETF trading.
Bar Admissions :
Mr. Daugherty is admitted to practice law and is a member in good standing of the bar in New York, Washington, D.C., North Carolina, Michigan and Illinois. He also is admitted to practice in the U.S. District Courts for the Southern District of New York (New York City) and for the Eastern and Western Districts of Michigan.
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