Patrick has extensive experience representing clients in the sale or purchase of a business. He negotiates and advises on earn out provisions, indemnification and survival provisions, exclusivity arrangements, and other key terms in M&A transactions. 

His representative transactions include serving as a legal advisor to a:

  • Media company in its acquisition of two television stations
  • Software company in sale of business to public company in automobile business
  • Software company in sale of its business to large media business
  • Media company in its acquisition of assets of six radio stations 
  • Private health care service provider in its acquisition of family-owned health care service provider
  • Private owner of broadcast television stations in sale of stations to public company 
  • Private U.S. distribution company in sale to U.K. public company 
  • Private media company in sale of cable systems to private investor
  • Two Midwestern utilities in sale of jointly-held U.K. electricity distribution business to U.K. utility 
  • Prominent investment banker in purchase of national magazine from large media company 
  • National telecommunications company in large equity investment by financial buyer in telecommunications company’s reorganization in Chapter 11
  • Public telecommunications company in its acquisition by private telecommunications company 
  • Wine products business in sale to employees
  • Investment advisor in sale of advisory business
  • Purchaser of hardscape and landscaping business
  • Private equity fund in its investments in cable service provider 
  • Pension trust of Fortune 10 company in its investments in public hotel chain and private direct marketing company 
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Patrick has a diverse corporate practice, counseling large corporations and small businesses on a variety of complex issues. He negotiates and advises on commercial contracts, such as ongoing supply and procurement agreements. He also advises clients on governance issues, organizational documents and choice of entity. He has significant experience advising on formation of private equity and real estate funds, and investment in private equity funds.

Current clients include:

  • A global materials manufacturing company with significant operations on four continents
  • Several large real estate funds
  • A large nonprofit organization involved in the mortgage industry
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Patrick advises issuers in connection with the private placement of securities, including private equity and real estate funds. He also advises clients on broker-dealer issues and matters related to the Investment Company Act and Investment Advisers Act.

Additionally, Patrick represents borrowers in secured debt facilities and negotiating credit and security agreements. Patrick has also advised on and represented numerous ISDA derivatives agreements for hedging commodities and foreign currency. Representative transactions include:

  • Formation of real estate fund and private placement of several hundred million dollars in limited partner interests to investors
  • Formation of second real estate fund and private placement of several hundred million dollars in limited partner interests to investors
  • Representing a “green” manufacturer borrower in secured credit facility
  • Representing a textile manufacturer borrower in secured subordinated lending facility
  • Representing a sports equipment manufacturer borrower in secured lending facility
  • Representing a borrower in a secured lending facility for real estate development
  • Representing a global material manufacturing business in negotiating numerous ISDA derivatives and hedging agreements
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Patrick represents clients in international business transactions, including cross-border transactions and other arrangements involving foreign entities. He regularly counsels a global manufacturing business and advises it on commercial arrangements. Representative transactions include:

  • Two Midwestern utilities in sale of jointly-held U.K. electricity distribution business to U.K. utility 
  • Private U.S. distribution company in sale to U.K. public company 
  • Purchase agreement for ongoing supply of products from Canadian manufacturer for delivery at U.S. plants
  • Supply agreement for ongoing supply of products from U.S. manufacturer to Mexican plants
  • Numerous foreign entities in negotiating hedging arrangements with foreign banks 
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Recognized by his peers for inclusion in The Best Lawyers in America © in Corporate Law and Mergers and Acquisitions Law (2013-2015)

40 Under 40 Leadership Award, Triangle Business Journal, 2009

Power of Justice Award, Business Leader Magazine and NC Bar, 2008

Chair, Steering Committee, North Carolina Lawyers for Entrepreneurs Assistance Program (NC LEAP), 2006-2009

Council Member, Business Law Section, North Carolina Bar Association, 2009-2010

Vice Chair of Member Relations, Leadership Raleigh Alumni Association, 2009-2010

Graduate, Leadership Raleigh, 2005-06

Member, American Bar Association 

Member, North Carolina Bar Association 

Member, Wake County Bar Association

Member, Rotary Club of Raleigh

Board of Directors, Rotary Club of Raleigh, 2014-2015

Board of Directors, United Arts Council of Raleigh and Wake County, 2014-2017

Recent Publications & Media

Recognitions

The 2015 edition of The Best Lawyers in America© recognized 46 Brooks Pierce attorneys as industry...(read more)
Brooks, Pierce, McLendon, Humphrey & Leonard, LLP is pleased to announce that 46 lawyers were...(read more)
Brooks, Pierce, McLendon, Humphrey & Leonard, LLP is pleased to announce that 45 lawyers,...(read more)
Brooks, Pierce, McLendon, Humphrey & Leonard, LLP is pleased to announce that 34 lawyers,...(read more)

Recent Publications & Media