Morgan Lewis advised New State Capital in Klein Hersh stock acquisition and financing.
New State Capital Partners announced that it has made a significant equity investment in Klein Hersh, an executive search firm focused on delivering strategic leadership placement solutions for the life sciences and healthcare industry. Terms of the transaction were not disclosed.
The Company’s senior executives, Jason Hersh, Jesse Klein, and Josh Albert will remain as the leadership team at the Company and will retain a substantial ownership stake.
Founded in 1998 and based in Horsham, PA, Klein Hersh delivers high-level, senior hires for some of the world’s foremost pharmaceutical, biotech and healthcare companies.
New State Capital Partners LLC is an entrepreneurial-minded private equity firm that strives to be nimble, decisive and cooperative.
Morgan Lewis partners Eric Tajcher (Picture), Steven Navarro, and Matthew Schernecke, and associates Danby Kim, Samantha Zuckerman, and Michael Byrnes represented New State.
Involved fees earner: Michael Byrnes – Morgan Lewis; Danby Kim – Morgan Lewis; Steven Navarro – Morgan Lewis; Matthew Schernecke – Morgan Lewis; Eric Tajcher – Morgan Lewis; Samantha Zuckerman – Morgan Lewis;
Law Firms: Morgan Lewis;
Clients: New State Capital Partners;