LKCM Headwater Investments’ Acquisition of TestEquity


Dechert LLP advised First Atlantic Capital Ltd., a New York-based private investment firm specializing in acquiring and growing mid-size companies, in the sale of its majority interest in TestEquity to LKCM Headwater Investments.

The financial terms of the deal were not disclosed.

TestEquity is a leading North American distributor of electronic test and measurement equipment as well as laboratory and production supplies. Under First Atlantic’s ownership, TestEquity successfully completed two add-on acquisitions in highly synergistic and adjacent markets.

The Dechert team advising First Atlantic was led by corporate partners Markus Bolsinger (Picture) and Adam Rosenthal with contributions from employee benefits partner Eric Rubin, as well as corporate counsel John Ix, real estate counsel Francois Quintard-Morenas, intellectual property counsel Violetta Kokolus, labor counsel Ian Downes, employee benefits associates Shannon Rushing, Sarah Burke and Michael Binko; corporate associates Nitzan Weizmann, Reeba Muthalaly and Gregory Reith; intellectual property associate Margaret Mortimer; and antitrust/competition associate Beverly Ang.

Involved fees earner: Markus Bolsinger – Dechert; Adam Rosenthal – Dechert; John Ix – Dechert; Nitzan Weizmann – Dechert; Reeba Muthalaly – Dechert; Gregory Reith – Dechert; Eric Rubin – Dechert; Ian Downes – Dechert; Shannon Rushing – Dechert; Sarah Burke – Dechert; Michael Binko – Dechert; Francois Quintard-Morenas – Dechert; Violetta Kokolus – Dechert; Margaret Mortimer – Dechert; Beverly Ang – Dechert;

Law Firms: Dechert;

Clients: First Atlantic;

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Author: Ambrogio Visconti