Andrew M. Banks—a corporate attorney who helps clients, including investment fund managers and sponsors, with fund formation matters—has joined Ballard Spahr’s Business and Transactions Department and Securities and Capital Markets Group as Of Counsel, firm Chair Mark Stewart announced today. He will be resident in the firm’s New York office.
“Ballard is known for going beyond expectations to maximize the potential of every transaction,” said Business and Transactions Chair Nathan E. Seiler. “Adding a fund formation lawyer with Andy’s background and experience bolsters what I believe to be one of the finest securities teams in the industry.”
Mr. Banks’ fund formation matters have included representing a large investment fund sponsor in the formation of an $800 million fund aimed at growth capital investments in lower middle-market companies and representing a mid-market venture capital fund sponsor in its formation of a $1 billion follow-on fund focused on early-stage investments. Mr. Banks also advises public and private companies in asset purchases, business combinations, mergers and acquisitions, proxy solicitations, spin-offs, stock purchases, and tender offers. He has experience representing private equity sponsors in buyout and take-private transactions and has led de-SPAC transactions on behalf of sponsors and target companies. Recently, Andy advised an investment consortium in its $750 million acquisition of substantially all of the assets of one of the United States’ largest owners and operators of long-term health care facilities.
Mr. Banks is the second securities attorney to join Ballard Spahr in a month, following the September arrival of Albert S. Dandridge, III in Philadelphia. He also is the second attorney to join the New York office in the same timeframe, following Intellectual Property Partner Wendy R. Stein, who joined Ballard Spahr in August 21.
“Ballard has a strong reputation for excellent client service and unparalleled quality of legal work,” Mr. Banks said. “Joining the firm will grant me access to a sophisticated clientele of fund sponsors and a broad national platform. The team is efficient, forward-thinking, and helps clients navigate transactions of all sizes. I look forward to being a part of it.”
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