Corporate & Transactional

Experience

Complex Divestiture, Accompanying Purchase and Merger

Laying the Foundation

Every business needs certain tools to compete, from a strong product or service to the ability to effectively market and distribute it to a clear plan for the company’s future. But the basis for each of those steps begins with a solid foundation that establishes the company in the marketplace. Building a corporate structure that is sustainable is imperative for long-term success, and enables a business to evolve in a changing market.

For Tri-Arrows, that blueprint was born out of a complex divestiture and accompanying purchase that ultimately led to their formation. Formerly a subsidiary of BP Company North America, where they were known as ARCO Aluminum, they were purchased by a consortium of five Japanese companies, who had formed a holding company and a subsidiary for purposes of the purchase. The subsidiary then purchased the ARCO stock, and enlisted Dinsmore to guide a merger into the subsidiary company, which was then renamed Tri-Arrows Aluminum. Efficiently managing the multi-layer transaction, our team worked to expedite the process, structuring the merger and managing the flow of documents to complete the transaction.

We also have handled a number of administrative projects for Tri-Arrows since their formation, ensuring that they remain on a sustainable path to long-term success. We assisted the company with changing its fiscal year to better suit their operations and financing schedules. We worked closely with Tri-Arrows to draft new bylaws that allowed for the formation of a steering committee tasked with providing strategic planning and guidance. Comprised of members of the board and management, the committee should enable key management personnel within Tri-Arrows to become more deeply involved in large-scale planning actions of the company.

In furtherance of the merger and the change in fiscal years, we amended the credit agreement of Tri-Arrows and its parent company, including matters related to name changes of Tri-Arrows and its parent company, the issuance of new stock certificates and delivery of new stock powers.

The collaboration between Dinsmore and Tri-Arrows has paved the way for a successful future.

Corporate Counsel

General representation of NCJC Housing & Development Foundation in its general corporate, real estate and financing matters.

Corporate Counsel

General representation of Associates Title, Inc. in its general corporate, title insurance and real estate matters.

Corporate Formation; Merger; Issuance and Sale of Preferred Stock in Venture Capital Transaction

This transaction involved the formation of Mersive, a Delaware corporation, and the subsequent merger of Mersive Technologies, LLC, a Kentucky limited liability company, into Mersive. Following the merger, Adena, Bluegrass Angels, Jones and KSTC invested $1,500,000.00 in Mersive in exchange for its Series A preferred stock.  Our firm’s experience in the field of mergers and acquisitions, venture capital transactions and our knowledge of Mersive’s business enabled the client to complete this transaction in an efficient and timely manner.

Counsel on Multi-year Financing Plan

Guided Fortune 100 client through a multi-year financing plan to facilitate acquisitions, dispositions, joint ventures, the offer and sale of debt and equity securities and the restructuring of its balance sheet resulting in transforming the client from a $2 billion local gas distribution company to $7 billion interstate pipeline company over a period of seven years.

Counsel to Various Franchisors and Franchisees

Counsel to franchisors and franchisees in regard to documentation, compliance and enforcement. Representative clients as franchisors include Roto Rooter, Inc., and Graeter's Manufacturing Co. Representative clients as franchisees includes: Uno's Chicago Grille and Pizzeria; Edwardo's Pizza; Pizza Hut; LaRosa's Pizza; Scrambler Marie's; Rita's Water Ice; Skyline Chili; Long John Silver's; Jerry's Restaurants; Little Gym; Cornwell Tool Products; HomeVestors; Burger King; Perkins Restaurants, Drive 1; Computer Renaissance; Servpro; Po Folks; and others.

Counseling Castellini Group of Companies as They've Grown

A Clear Vision of Tomorrow
Dinsmore counsels Castellini through growth

Growth is often a double-edged sword for businesses.  New markets and expanded capabilities often bring new personnel, ideas and approaches that impact everything from operations and service to culture.  Remaining true to the original vision and goals amidst change is challenging.  The ability to focus on company pillars can be a significant determining factor in the long-term health of any business.

Founded more than 115 years ago, Castellini has found a way to maintain a family atmosphere, even as they’ve transformed from a small fruit and vegetable supplier on the banks of the Ohio River to one of the country’s leading fresh produce suppliers.  Through Castellini’s growth, which has included the addition of several smaller and related companies, Dinsmore has been at their side, counseling them through everything from their corporate structure to facility relocations and strategic acquisitions. 

When Castellini’s headquarters on the riverfront was displaced, our team helped with the relocation effort, meeting with city and county officials on both sides of the river before securing their current site in Northern Kentucky.  We’ve also assisted with a variety of real estate acquisitions and dispositions, handling everything from contract negotiations to executing the transactions, even settling an important eminent domain matter with Hamilton County.

As Castellini has grown through acquisition, we’ve been there to help integrate new entities into a corporate structure designed to help the company remain competitive while also protecting their interests.  By providing a big-picture perspective, our attorneys have been able to advise Castellini about the short and long-term impacts of each acquisition, drawing upon our knowledge of their operations to fully analyze the risk and reward each opportunity posed.

Generations of Dinsmore attorneys have worked alongside Castellini’s leaders.  By immersing ourselves in their culture, studying their operations, and more importantly, learning their challenges, we’re able to help Castellini maintain their vision and their place as one of the leaders in the produce industry.

Cross-Border Acquisition

Dinsmore & Shohl recently represented CollabNet, Inc., a Silicon Valley-based company that is the recognized leader in Agile lifecycle management in the Cloud, in its acquisition of Codesion, Inc. (formerly CVS Dude) in a multi-step cross-border merger and reorganization transaction. Codesion is an Australian-based company that provides the world’s leading enterprise-grade Subversion hosting platform and serves more than 3,400 customers and 70,000 users in 90 countries. CollabNet founded the industry-leading Subversion open source project in 2000 and remains the project’s principal sponsor. The CollabNet TeamForge ALM platform, CollabNet Subversion software configuration management (SCM) solution, and ScrumWorks® project and program management software enable teams using any environment, methodology, and technology to increase productivity by up to 50% and to reduce the cost of software development by up to 80%.

Data Privacy Breach Regarding Confidential Financial Information

Dinsmore counseled a retailer in a data breach case that began when the retailer closed a local facility. Dinsmore attorneys met with officials from the Ohio Attorney General’s office within hours of the incident’s discovery, advised the client on filing all necessary governmental disclosures, and also assisted the client with the required media disclosure to notify customers that their personal financial information may have been compromised.

Debt / Equity Financing

Represented industrial baking company in obtaining a debt / equity funding package.

Development of Urgent Care Business

Dinsmore & Shohl represented our client, MedExpress, in various commercial transactions totaling several million dollars each in connection with the development of their urgent care business.  The client benefited from the use of our firm because of our practical approach and follow-up to assist in resolving problems early on.

Dispute Involving Contractual Issues Between Business Partner and Guarantor

In this case we defended a national real estate management company and certain partnerships that were sued in Kentucky regarding contractual issues by a business partner and guarantor. There was already similar litigation pending on similar issues in California. This case was essentially a “race to the courthouse” to determine which state would adjudicate the legal issues. After substantial motion practice, the Court granted our request to abstain from adjudicating the Kentucky case in order to let the California litigation proceed. The California litigation was subsequently settled.

Equity Offerings

Dinsmore & Shohl represented a U.S. subsidiary of a British based plc in multiple series of equity offerings.

Establishing Foreign Subsidiaries Around the World

We have represented scores of foreign subsidiaries, sometimes for the same client, from international labor and employment issues to tax and corporate issues.  We leverage our long history of assisting clients to expand internationally through foreign direct investment.

Financing

Negotiation and closing of a $900,000 loan from the Director of Development of the State of Ohio for an Eligible Innovation Project.

Financing

Assisted client in a negotiation and closing of a $10.5 million loan package which included senior and subordinated debt.

Financing

Assisted client in a negotiation and closing of a $3 million junior loan facility.

Financing the Future

The Business of the Business
Castellini turns to Dinsmore to navigate many of its financing transactions

Every business needs access to proper financing channels to grow and prosper.  Understanding available financing options that make new investments, improvements and expansions possible is vitally important, as is the ability to anticipate potential problems and formulate strategies that minimize risk.

Dinsmore attorneys are proud to have played an integral role in the growth of Castellini through helping to structure, monitor and negotiate many of their financing transactions.  We work as a trusted partner of not only Castellini, but also with many of their related companies, including Interstate Truckway, Merchants Cold Storage and CCW Realty, enabling our team to provide a holistic approach to financing matters.  We counsel in many of the financial transactions for Castellini’s operations and our team has a thorough understanding of each facet of Castellini, providing us with valuable knowledge about the short and long-term implications of every financing transaction.

Product safety and quality are two Castellini hallmarks.  The financing transactions our team helps to negotiate and execute, from commercial real estate loans and lines of credit to capital equipment loans, aid in Castellini’s acquisition of new capabilities, facilities, upgraded equipment and most importantly, the flexibility to respond to unforeseen opportunities.

Our understanding of the Castellini culture has also enabled us to bring a higher level of consistency to the financing process.  On behalf of Castellini, we work with a number of regional and national banks on transactions.  We endeavor to standardize the document language and process as much as possible, resulting in efficiencies and greater predictability for Castellini.

As Castellini has grown, so too has the relationship with Dinsmore.  By bringing consistency and efficiency to their financing processes and procedures, we’re able to be a stronger advocate for their success.

Foreclosure Proceeding Involving Shopping Malls

We represented the lender in a multi-million dollar commercial foreclosure proceeding involving shopping malls located in Ohio and Indiana. We successfully sought the appointment of a Receiver for the properties, and were able to efficiently and effectively complete the foreclosure proceedings.

Foreclosure Proceedings Involving Rental Properties

We represented the lender in a multi-million dollar commercial foreclosure proceeding involving several multi-family rental properties spread throughout several counties in Southwest Ohio. We were able to have a Receiver appointed over all of the properties, and the Receiver was able to sell all of the properties within nine months of the commencement of the foreclosure proceedings, resulting in a favorable outcome for our client.

General Counsel

Served for many years, or am currently serving, as general counsel or general corporate counsel for the following Southern Ohio-based businesses:

  1. Multinational manufacturer of scientific instruments and measuring devices for water quality monitoring, industrial and medical applications; 
  2. North American operations of the world's largest machine tool manufacturer;
  3. National brand name farm animal feed manufacturer;
  4. Multinational specialty chemical company; and
  5. National manufacturer of therapeutic equipment for autistic children.

Health Care Facilities Group Purchasing Agreements

Represented Standard Register in negotiating and preparing approximately ten (10) health care facilities group purchasing agreements in 2005 and 2006, wherein Standard Register provides business forms products and services to facilities purchasing members.

Implementation of the Kentucky Health Care Exchange

We are currently representing a national trade organization on the legislative and policy issues impacting implementation of the Kentucky Health Benefit Exchange, a program under the federal Patient Protection and Affordable Care Act.

Joint Business Venture Agreements

Represented Standard Register in negotiating and preparing approximately thirty (30) joint business venture agreements in 2005 and 2006, between Standard Register and various providers of business forms products and services in amounts ranging from $750,000 to $10,000,000.

Joint Venture to Provide Aesthetic and Cosmetic Non-Surgical Services

Represented physicians affiliated with a regional collection of eye care centers in creating a joint venture with St. Elizabeth Medical Center to provide aesthetic and cosmetic non-surgical services. Drafted and negotiated the terms of the joint venture’s operating agreement and services and lease agreements in compliance with state and federal privacy, antikickback and physician self-referral laws.

Lead counsel in acquisition of financial institution

Thomas J. Murray served as lead counsel in Premier Financial Bancorp’s acquisition of a central West Virginia based bank.

Lead counsel in acquisition of food company

Thomas J. Murray and Daniel J. Konrad served as lead counsel to target in its acquisition by national food company in a merger involving significant federal securities law and anti-trust aspects.

Lead counsel in acquisition of newspaper company

Thomas J. Murray served as lead counsel in a West Virginia based public company’s $80,000,000 acquisition of a newspaper company and as lead counsel in obtaining a related credit facility.

Lead counsel in acquisition of troubled bank holding company

Thomas J. Murray served as Issuer/Acquirer lead counsel in Premier Financial Bancorp, Inc.’s SEC registration and issuance of common stock and connected private placement of TARP preferred stock to assist in capitalizing the interstate acquisition of a troubled bank holding company.

Lead counsel in complex debtor situation

Thomas J. Murray served as lead counsel to a public company in workout of defaulted $70,000,000 credit facility involving multiple subsidiary spin-offs, asset dispositions, forbearance agreements, warrant issuances and shareholder authorization of reverse stock-split for a public company debtor.