Term Sheets in M&A Deals: Binding Effect, Drafting Strategies, Avoiding Pitfalls, Lessons From Recent Cases

Mr. Dhanawade is a trusted advisor to private equity firms, their portfolio companies, sovereign and sovereign-backed investors in the Middle East and North America, and other publicly and privately held companies. He concentrates his practice on structuring, negotiating and executing domestic and international mergers and acquisitions, divestitures, leveraged buyouts, going-private transactions, carve-out transactions, joint ventures, recapitalizations, corporate restructurings and equity investments (including preferred equity investments, PIPEs and growth equity investments). Mr. Dhanawade also provides strategic counsel on a range of general corporate matters, including corporate governance, executive compensation and incentive equity arrangements. He is an adjunct professor at Northwestern Pritzker School of Law.

Public companies and private equity firms turn to Mr. Favia for their most sensitive litigation matters. He brings a unique set of skills to his clients, having served as the executive vice president and general counsel of a private equity backed financial services company, during which time he led a legal department of over 200 lawyers and compliance professionals. Mr. Favia frequently advises public companies and private equity clients in significant M&A litigation and disputes. He has successfully handled dozens of M&A post-closing disputes related to working capital, earn-outs, purchase price adjustments, representations and warranties, indemnification, employment restrictive covenants, and alleged fraud. He has experience bringing claims under representation and warranty insurance policies. He is frequently retained by private equity clients to represent their portfolio companies in significant disputes and investigations. Mr. Favia has represented a diverse range of clients in other commercial litigation matters in arbitrations and in federal, state, appellate, and bankruptcy courts.