Firm News
Liberty Hall Acquires La Croix Industries
July 28, 2015
SRZ represented private equity firm Liberty Hall Capital Partners in its acquisition of La Croix Industries Inc., a Tier II supplier of complex metallic formed and machined parts and assemblies for the global aerospace industry. The deal, which was announced and closed on July 28, 2015, integrates La Croix into Liberty Hall’s Accurus Aerospace Corporation, a Tier II supplier of highly engineered machined parts, kits and assemblies and processing services for aircraft platforms.
The SRZ team on this transaction included mergers & acquisitions associate Mark L. Garibyan; employment & employee benefits partner Ian L. Levin and associate Frank P. Sabatini, III; environmental partner Howard B. Epstein; finance partner Ronald B. Risdon; real estate partner Julian M. Wise; tax partner Kurt F. Rosell; and former Schulte lawyers John Garces and Matthew J. Gruenberg.
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Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
On March 1, 2024, New York Governor Kathy Hochul signed into law an amended version of the New York LLC Transparency Act (“NYLTA”),[1] requiring certain limited liability companies (“LLCs”) formed or authorized to do business in New York (each, a “NY Reporting Company”) to file a beneficial ownership information (“BOI”) report with the NY Department of State (“NY DOS”). Each NY Reporting Company will be required to disclose on its BOI report identifying information pertaining to each individual who directly or indirectly exercises substantial control or owns or controls 25 percent or more of the ownership interests of a NY Reporting Company (each, a “Beneficial Owner”) and the individuals involved in the NY Reporting Company’s formation or registration to do business in New York (each, an “Applicant”). Information reported to NY DOS will be maintained in a private database not accessible to the public. The NYLTA goes into effect on Jan. 1, 2026 and requires the NY DOS to promulgate regulations implementing the legislation.
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]