Mintz Advises Globalization Partners on $150 Million Minority Investment
Mintz advised Globalization Partners Inc. (Globalization Partners), a provider of business administration services, on its $150 million minority equity investment led by funds managed by Wincove Private Holdings and TDR Capital, with participation from Sands Capital. The transaction was announced on February 4.
Dual-headquartered in Boston and San Diego, Globalization Partners enables companies to quickly and easily expand internationally across six continents and into more than 170 countries without the hassle of setting up local branch offices or subsidiaries. Its Global Expansion Platform™ allows companies to hire employees throughout the world without having to navigate complex international legal, tax, and HR issues.
The investor group will further accelerate Globalization Partners' rapid growth to date, as companies increasingly look to expand into new international markets. The company intends to invest heavily in client services, technology development, sales, and global expansion.
“This was a great transaction for the company, and we were delighted to support their efforts,” said Mintz Member Larry Naughton. “It was a very intriguing and legally complex transaction, including a pre-closing restructuring and the cross-border aspects of the transaction. That said, CEO and Founder of Globalization Partners Nicole Sahin and her team have built an extremely well-managed company, despite the highly-regulated nature of the business, and this attention to detail over the life of the company enabled them to avoid many of the typical deal pitfalls that arise when a company takes on its first round of institutional financing.”
The Mintz team that advised Globalization Partners was led by Larry Naughton and included Member Roy Gillig, Special Counsel Katya Daniel, and Associate Bethany Hickey.