$20 Million Financing of Technology Security Company

Prolexic Technologies

Publicly listed technology conglomerate IPVG Corp. (PSE: IP) sold part of its equity stake in Prolexic Technologies, Inc., a Florida-based Internet technology security firm, to Kennet Venture Partners, a private equity firm based in San Francisco, for $13.86 million. We represented Prolexic in the sale. In addition to the $13.68 million sale, IPVG will be paid $2.88 million from the sale of shares to management team members and IPVG will provide a $3.3 million loan to Prolexic to further support its expansion plans. Founded in 2003, Prolexic was the first company to establish global scrubbing centers to stop DDoS (distributed denial-of-service) attacks in the Cloud and currently provides the most advanced and powerful DDoS detection and network protection systems available.

Richard M. Goldstein
Chair, Tax & Private Wealth
Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...