Pastore LLC continues to advise a large private equity general partner in connection with the sale by one of its sub funds of a substantial portion of its automotive dealership portfolio. Pastore LLC has advised the client on multiple issues with the sale, and most recently, on escrow issues arising from state regulatory matters as a result of the sale of a certain asset within the portfolio. The sale was subject to review by the state automotive regulator overseeing the transaction after one party to the transaction objected to the sale. After review, the state regulator has sided with the client and ordered the sale, but the challenging party has sought to appeal the order, placing barriers to the closing of the transaction.
Tags: Automotive, Gregory Bruno, Joseph Pastore, Private Equity
Pastore Negotiates Top Executive’s Separation from Publically Traded Boston Based Bio Tech Company
Pastore Defeats Motion to Compel Arbitration