FKBR Legal Successfully Closed a $15 Million Capital Infusion for the Firm’s San Diego Based Technology Client
November 18, 2024
The corporate transaction team at FitzGerald Kreditor Bolduc Risbrough LLP successfully closed a $15 million capital infusion for the firm’s San Diego based technology client by a New York City based private equity fund with over $4 billion in assets under management in the energy sector. This multi-stage transaction, finalized on November 14, 2024, included bridge financing to take out debt, the conversion of all preferred convertible securities, and then a $15 million cash investment in exchange for Series A Preferred Stock. The firm’s client is a private company which is the “World’s Only Autonomous and Non-Invasive Health Prediction Service for Transformers and Machines.” The company uses artificial intelligence (AI) to predict service issues in data centers, utilities, and plant equipment.
The FKBR Legal team worked diligently for three months to ensure the closing of this financing, showcasing the firm's expertise in handling successful financing transactions for its clients. The team members involved in this project were:
Lynne Bolduc, Partner
William Miller, Senior Associate and Lead Deal Attorney
Kaylee Poynter, Paralegal
Their combined efforts and dedication exemplify FKBR Legal's commitment to providing high-level legal representation and customized solutions to meet the unique needs of their clients.
About FKBR Legal
For over 35 years, the award-winning attorneys at FitzGerald Kreditor Bolduc Risbrough LLP have delivered sophisticated legal guidance and adept representation to clients nationwide. FKBR Legal has guided clients through numerous business and economic cycles and changes in the law, successfully representing their interests from the negotiating table to the courthouse.
With a depth and breadth of experience rarely seen at a mid-size law firm, FitzGerald Kreditor Bolduc Risbrough LLP offers clients high-level representation across a broad range of industries and businesses.
For more information on how FKBR Legal can assist with your legal needs, please contact Lynne Bolduc at (949) 788-8900 or lbolduc@fkbrlegal.com.
