• Share
  • Email
  • Print

Andrew R. Lloyd

Partner
+1.843.579.5636
Fax +1.843.579.5601
+1.212.536.3900
Fax +1.212.536.3901
Andrew Lloyd is a partner in the Charleston and New York offices and focuses his practice on counseling both publicly- and privately-held entities, including private equity and venture capital firms, in connection with mergers, acquisitions, divestitures, joint ventures, and other negotiated transactions.

Mr. Lloyd also represents founder- and family-owned businesses, as well as executive management teams, in connection with similar types of extraordinary transactions, in addition to advising both publicly- and privately-held entities on general strategic, corporate, and securities law matters.

Mr. Lloyd’s transaction experience spans a variety of industries, including manufacturing and distribution, logistics, health care, life sciences, financial services and institutions, and retail.

Professional Background

Prior to joining the firm, Mr. Lloyd was an associate in the New York office of an international law firm, where he practiced in its Corporate and Financial Services department and completed a secondment with Credit Suisse Asset Management.

Mr. Lloyd regularly advises clients in the following areas:
  • Equity and asset acquisitions and dispositions, mergers and other similar transactions for both public and private companies
  • Private equity and venture capital transactions
  • Corporate reorganizations and restructurings
  • General corporate and commercial matters, including contract negotiation and the formation and capitalization of corporations, limited liability companies and partnerships
Mr. Lloyd’s representative transaction experience includes:

Private Equity and Venture Capital Representations
  • Ridgemont Equity Partners in connection with numerous transactions, including portfolio companies’ add-on acquisitions and the following leveraged buyouts, recapitalizations, and divestitures:
    • The acquisition of Transportation Insight, an asset-lite provider of enterprise logistics and transportation brokerage services, and its subsequent sale to affiliates of Gryphon Investors
    • The growth equity investment in Nolan Transportation Group, a non-asset freight broker providing multimodal brokerage services, and its subsequent sale to Transportation Insight and affiliates of Gryphon Investors
    • The acquisition of Unishippers Global Logistics, a leading provider of third-party logistics services to small- and medium-sized businesses
    • The acquisition of Allied 100, a provider of products and services to the automated external defibrillator (AED) marketplace
    • The sale of Aurora Parts and Accessories, a leading distributor of aftermarket parts and accessories for over-the-road semi-trailers, to affiliates of Sterling Capital Partners
  • Patricia Industries’ portfolio company Laborie Medical Technologies Inc. in connection with its $235 million acquisition of Cogentix Medical Inc. (CGNT:Nasdaq CM), a urology-focused medical device manufacturer and supplier
  • Affiliates of a private equity firm in connection with the acquisition of a majority ownership interest in a global provider of aftermarket services and reverse logistics relating to used and replaced IT, wireless, and enterprise assetsAffiliates of CapitalSouth Growth Fund in numerous transactions, including portfolio companies’ add-on acquisitions and the following leveraged buyouts, recapitalizations, and divestitures:
    • The formation and capitalization of Fresh Dining Concepts, currently one of the largest Auntie Anne’s Inc. franchisees, operating in-line stores, baking kiosks, and satellite retail units
    • The acquisition of Stride Tool, a designer and manufacturer of specialty hand tools for both private label lines and in-house brands sold through distributors and other manufacturers, and its subsequent sale to DiversiTech Corp.
  • Affiliates of Aquiline Capital Partners in connection with the $100 million acquisition of First Investors Financial Services Group, an auto lender specializing in lending to consumers with impaired credit profiles*
  • Affiliates of Insight Venture Partners in connection with its acquisition of a significant minority stake in B2B-Center, a Russian online procurement platform for businesses to sell or acquire goods and services*
Strategic Representations
  •  Affiliates of Capgemini SE (CAP:EN Paris) in connection with the acquisition of LiquidHub, a digital customer engagement company
  • Wells Fargo & Company (WFC:New York) in connection with the sale of Wells Fargo Global Fund Services, its fund administration business, to SS&C Technologies Holdings, Inc. (SSNC:Nasdaq GS)
  • Red Ventures in connection with numerous transactions, including its acquisitions of the following companies:
    • HigherEducation.com, a provider of marketing and enrollment services to post-secondary institutions in the United States, from The Vistria Group.
    • Soda, a media company operating a family of online brands
    • Choose Energy, a venture-capital-backed company operating an online marketplace for electricity and natural gas
    • Allconnect, a venture-capital-backed technology-enabled sales and marketing solutions company
  • Affiliates of ASSA ABLOY AB (ASSAB:Stockholm) in connection with multiple acquisitions of industrial and commercial door and docking solutions distributors, servicers, and installers
  • The Vitamin Shoppe (VSI:New York) in connection with the $85 million acquisition of Nutri-Force Nutrition, a contract manufacturer of vitamins, minerals, and supplements
  • Lucas-Milhaupt, Inc., a subsidiary of Handy & Harman Ltd., in connection with its $60 million acquisition of Wolverine Joining Technologies, a manufacturer of brazing, and soldering filler materials for the appliance, construction, and metal-working industries
  • Level 3 Communications in connection with its $3.0 billion acquisition of Global Crossing Limited*
  • Ev3 Inc. in connection with its $2.6 billion acquisition by Covidien (COV:New York)*
Other Notable Representations
  • Third Point LLC in connection with its successfully settled proxy contest against Yahoo! Inc., which resulted in the departure of the company’s chief executive officer and a change in the majority of its board of directors, including the addition of three Third Point nominees*
  • New York-based non-profit housing assistance organization in connection with its reorganization and the spin-off of its national operations (pro bono)*

*Involvement in representation occurred prior to joining K&L Gates