Introduction
Those who seek financing for commercial ventures ––
whether as developer, entrepreneur, promoter or investor –– typically
consider all potentially available sources of capital. Many of those market
participants look to syndication, a capital-raising procedure that covers a
broad range of transactions beyond commercial lending or registered securities.
Uniquely, the syndicator focuses on soliciting an independent group to pool
earmarked monies for investment. By these means, the syndicator can comfortably
manage his or her access to (and can efficiently structure the rights and duties
embraced by) any number of venture capitalists, equity partners, institutional
financiers or angel investors
Syndication ordinarily entails the sale of privately placed shares, bonds or hybrids by the capital-hungry venture. Those securities reflect underlying documents that chart the venture’s commercial course and that govern the investing syndicate’s participatory stake. This basic technique of raising money affords wide-ranging flexibility, allowing the venture to precisely respond to the specific concerns of the prospective investor without undermining the governing business plan or compromising the entrepreneur’s commercial goals. So, however disparate the promoter’s goals –– whether entailing the development of upscale shopping malls or of subsidized affordable housing –– the promoter may rest assured that experienced counsel can, within the expansive and intricate bounds of the governing law, formulate a suitable funding structure. Moreover, while syndication methods find particular favor with real-estate developers, such methods have also proven themselves time and again in fields of commerce ranging from professional services to heavy manufacturing, from automobile design to cosmetics distribution, and from movie production to medical insurance
Dykema offers its clients unparalleled ability
in the syndication of assets and the planning of related businesses, whether
pre-existing or custom-structured. This skill set has allowed the firm to
capably and efficiently serve as counsel to thousands of syndicated deals within
a wide spectrum of industries. Dykema attorneys have, in addition, handled the
legal responsibilities attendant to innumerable real-estate projects. In this
way, the firm’s highly specialized practice has spanned Michigan, Illinois and
other jurisdictions across North America.
In this realm, the entrepreneur’s success depends immensely
on the quality of his or her attorneys. One cannot, therefore, confidently
proceed without experienced counsel in such diverse disciplines as income tax,
enterprise organization, securities regulation, lending parameters and real
estate. Dykema's syndication team offers the requisite expertise,
along with the ability and mandate to present its knowledge as practical advice,
efficiently composed.