Matthew B. Swartz

• Sale of Numerica Corporation to Anduril Industries.
• Sale of the Crypsis Group to Palo Alto Networks for $265 million.
• Sale by Perpetual Capital of media business including publications POLITICO, Protocol and POLITICO Europe to Axel Springer.
• Represented MC2 Security Fund in its acquisition of Trustwave from Singapore Telecom.
• Represented Trustwave in its merger with Cybereason.
• Sale of Synaptech to LMI, a portfolio company of Capital Meridian Partners.
• Represented Perpetual Capital in its acquisition of Novatech.
• Represented Perpetual Capital in its acquisition of In-Shape Solutions.
• Sale of Qlarion to GCOM Software, a portfolio company of Sagewind Capital.
• Represented XOR Security in its sale to Agile Defense, a portfolio company of Enlightenment Capital.
• Sale of Solute to Sigma Defense, a portfolio company of Sagewind Capital.
• Sale of Blue Air Training to Top Aces, a portfolio company of Clairvest Group.
• Sale of Joint Research and Development, Inc. (JRAD) to Broadtree Partners.
• Sale of Blackhawk Aerospace to AVEX, a portfolio company of New State Capital Partners.
• Represented OANDA Global in its acquisition by CVC Capital Partners.
• Sale of Technical and Management Assistance Corporation to ManTech.
• Sale of Numerica’s space tracking business unit to Slingshot Aerospace.
• Represented Parsons in its acquisition of Polaris Alpha.
• Sale of Dependable Global Solutions to IAI, a portfolio company of Arlington Capital.
• Sale of Kutta Technologies, a designer and manufacturer of UAV/UAS controllers and software, to Sierra Nevada Corporation.
• Represented Culmen International in its acquisition of Vysnova Partners.
• Sale of MCW to Tailwind Capital and its portfolio company, Diversified.
• Represented controlling stockholder in sale of Agilex Technologies Inc. to Accenture.
• Sale of Emergint Technologies Inc. to CACI.
• Sale of pathology lab business to private equity.
• Acquisition of PerformTech Inc. by General Physics Corporation.
• Acquisition of Advanced Performance Consulting Group by ICF Inc. (Nasdaq: ICFI).
• Counsel to Clairvest in connection with its investment in an aerospace company.
• Sale of Brimtek to Digital Barriers plc.
• Represented Dakota Pacific Capital in its acquisition, with management, of Four Hands LLC.
• Sale of Counterflow to LiveAction.
• Represented JR Miller Enterprises in its acquisition of Cheyenne Industries and other transactions.
• Acquisition of Hall of Fame Resorts & Entertainment Company by SPAC Gordon Pointe.
• Advised nPulse Technologies on its sale to FireEye (Nasdaq: FEYE) for $60 million.
• Acquisition by Virginia Conservation Legacy Fund of Patriot Coal for $860 million (transaction winner of the Financial Times “Most Innovative Lawyers Award”).
• Acquisition of Xceed Technologies Inc. by Anite plc.
• Acquisition of MoPay (Mopay Aktiengesellschaft) by Boku Inc.
• Acquisition of Capintec by Eczacibasi – Monrol (large Turkish joint venture).
• Represented Vectrus Inc. in its acquisition of Advantor Systems Corporation from McCarthy Capital.
• Represented Plainfield Asset Management in in the Senior Subordinated Note financing of RadioFrame Networks.
• Represented the Knowland Group, a cloud-based SaaS hospitality technology company, in a significant minority investment by private equity fund Serent Capital.
• Acquisition of certain assets of CommScope by Anite plc.
• Acquisition of Projector PSA by Lock 8 and affiliated investors.
• Acquisition of UltiSat by Speedcast International for $100 million.
• Sale of Industry Dive to private equity fund Fallfurias Capital Partners (FCP).
• Sale of Security Information Systems to Evercommerce, a portfolio company of Providence Equity and Silver Lake.
• Sale of Cheyenne Industries to NBG, a portfolio company of Sycamore Capital.
• Acquisition by Delta F. Corp. of Strategic Business Systems Inc. from Brocade Communications Corp.
• Acquisition of Strategic Insight by Asset International.
• Acquisition of the mobile and fixed satellite assets of TDC (TeleDenmark) by UltiSat Inc.
• Acquisition of McClendon Corporation by L-1 Identity Solutions (NYSE: ID) for $66 million.
• Acquisition of NovusCG by IBM (NYSE: IBM).
• Acquisition of Finetre by Ebix (Nasdaq: EBIX).
• Acquisition of White House Black Market by Chicos (NYSE: CHS) for $90 million.
• Acquisition of MDLinx by So-Net M3, a Sony Network Communications Company.
• Acquisition of RedZone Interactive by Sony Entertainment America.
• Acquisition of Wondir Inc. by Revolution Health.

• Represented scores of companies and investors in minority and control transactions involving venture capital, growth equity capital, and private equity funds as well as family offices.
• Recent fund-side representations include multiple transactions for Perpetual Capital, MC2/Chertoff, Clairvest Group, Motley Fool Ventures, BroadOak Capital, and JR Miller Enterprises.
• Represented Edgewater Federal Solutions in growth equity investment by Blue Delta Capital Partners.
• Represented Culmen International in growth equity investment by Hale Capital.
• Represented medical device company K2M Inc. in financings by Ferrer Freeman & Company, New Science Ventures, and Beta Advisors.
• Represented PowerBar Inc. in financing from Hellman & Friedman.
• Represented Voxant Inc. in multiple rounds of financing from Softbank, Longworth Venture Partners, and Court Square Ventures.
• Represented Macquarie Infrastructure Company in the acquisition of 50 percent of International Marine Tank Terminals for $250 million.
• Represented Sigma Partners in financing Internet Security Systems (formerly Nasdaq: ISS, then acquired by IBM after IPO).
• Represented Partners Group in acquisition of venture capital and private equity fund limited partnership interests from pension funds, endowments and private parties.

• In IPO of BroadSoft Inc., served as counsel to underwriters Goldman Sachs & Co., Jeffries & Company, Cowen and Company, and Needham & Company LLC.
• In follow-on/secondary offering of Broadsoft Inc., served as counsel to underwriters Goldman Sachs & Co., Jeffries & Company, Cowen and Company, and Needham & Company LLC.
• IPO of Avalon Pharmaceuticals.
• Sale of Paragon Technology Group to LLR Partners.
• Acquisition of Systems Development Integration LLC (SDI) by Monument Capital Corporation.
• Sale of OrangeSoda, Inc. to Deluxe Corporation.
• Acquisition of K2M Inc. by Welsh, Carson, Anderson & Stowe.
• IPO of QC Holdings.
• IPO of SPAC JK Acquisition Corp. (and other SPACs).
• Secondary offering of Gaylord Entertainment.
• Commenced IPO of WhiteHouse/BlackMarket 144A Offerings of Broadsoft, Inc., Xilinx, Quantum, Waste Connections.
• Rights offering of Metro-Goldwyn Mayer.
• Represented underwriters, 144A Initial Purchasers, and placement agents, including: Bear Stearns & Co., Deutsche Bank Securities, Robertson Stephens, Goldman Sachs, Roth Capital, Ferris Baker Watts, and Legg Mason.
• Tender offer by SafeNet Inc. for Datakey Inc.

• Primary outside counsel to two major family offices.
• Served as primary outside counsel to joint venture of Microsoft and Qualcomm.
• Represented management team of NFL franchise in proposed management buyout.
• Represented a venture capital fund in transaction-related dispute with another venture capital fund.
• Assisted family-owned conglomerate with design of equity-like compensation system for managers of acquired businesses.
• Represented middle-market communications company in complex, multinational contract dispute negotiation with United Nations agency.
• Merger of Comps.com (Nasdaq: COMPS) with the Co-Star Group (Nasdaq: CSGP).
• Served as member of acquisition team of Netscape Communications Corp. after its IPO.
• Represented the American Red Cross in a major software and services agreement.
• Acquisition of Elderlife Financial by Patriot Capital.

• “Pillsbury Hosted NVTC Event: A Forecast of Deal Activity and Market Conditions in 2025,” Hilton Mclean (November 14, 2024)
• “Pillsbury’s 24th Annual Aerospace, Defense and Government Services M&A Conference,” Ritz Carlton Tysons (October 10, 2024)
• “The More Things Change… The More M&A Remains?,” Webcast (September 18, 2024)
• “What’s It Worth Now? The Prices Buyers Are Paying in 2024 M&A,” Webcast (May 30, 2024)
• “Vote for M&A! Dealmaking as We Commence an Extraordinary Election Year,” Webcast (March 6, 2024)
• “Bad Moon Rising? The Forecast for Deal Making in 2024,” Webcast (December 14, 2023)
• “Pillsbury Hosted NVTC Event: What Now? Will 2024 Bring Sunshine to M&A, Private Capital, and the Economy?,” Ritz Carlton Tysons (November 9, 2023)
• “Pillsbury’s 23rd Annual Aerospace, Defense and Government Services M&A Conference,” Ritz Carlton Tysons (October 18, 2023)
• “M&A 2023: Beating the Obstacle Course: M&A in Q3 2023,” Webcast (September 14, 2023)
• “M&A 2023: Where Credit Is Due: The Impact of Interest Rates and Banking Sector Anxiety on M&A,” Webcast (June 1, 2023)
• “M&A 2023: Soft Landing or False Dawn? U.S. Economy and Capital Markets as of March, 2023,” Webcast (March 14, 2023)
• “M&A 2023: Past the Peak?  Emerging M&A Trends in 2023,” Webcast (February 28, 2023)
• “M&A 2022: What’s Behind Door ’23? Experts Predict M&A Activity for 2023,” Webcast (December 6, 2022)
• “Pillsbury’s 22nd Annual Aerospace, Defense and Government Services M&A Conference,” Ritz Carlton Tysons (October 25, 2022)
• “Pillsbury Hosted NVTC Event: Don’t Sell Yet! Options for Growth and Liquidity Before You Exit,” Ritz Carlton Tysons (September 20, 2022)
• “M&A 2022: How Big Is Your Multiple? Deals in the Dizzy World of Down Markets,” Webcast (September 7, 2022)
• “M&A 2022: Is Middle Market M&A in Danger?,” Webcast (May 31, 2022)
• “Navigating Rough Seas: Perspectives on the Economy, Investing and Capital Markets in 2022,” Webcast (April 26, 2022)
• “M&A 2022: Jungle Cruise: The 2022 M&A Market,” Webcast (March 1, 2022)
• “M&A 2022: A New Market Cometh?,” Webcast (January 11, 2022)
• “M&A 2021: Concluding 2021 and the Road Ahead,” Webcast (November 4, 2021)
• “Pillsbury’s 21^st Annual Aerospace, Defense and Government Services M&A Conference,” Ritz Carlton Tysons (October 14, 2021)
• “M&A 2021: The last great year for M&A? The future of M&A from this day forward, into 2022 and beyond,” Webcast (June 8, 2021)
• “Popular Delusion? Or the Best Bet? A Discussion of Current and Anticipated Developments in Capital Markets, Investing and the Economy,” Webcast (May 6, 2021)
• “M&A 2021: How to Lose a Deal: What Buyers Are Really Thinking,” Webcast (April 13, 2021)
• “M&A 2021: House of Straw or Brick? Equity Value and M&A Prospects into Q1 and Beyond,” Webcast (February 25, 2021)
• “M&A 2021: Kicking off the New Year with Forecasts,” Webcast (January 14, 2021)
• “A November to Remember: M&A as of November 18, 2020,” Webcast (November 18, 2020)
• “NVTC CFO Series Policy Forecast: The Consequences of the Election for Business,” Webcast (November 17, 2020)
• “Pillsbury’s 20^th Annual Aerospace, Defense and Government Services M&A Virtual Conference – Part I,” Webcast (October 8, 2020)
• “Where to from here? Capital markets, credit, and the economy as of September 24, 2020,” Webcast (September 24, 2020)
• “Still rolling along a foggy road: M&A activity as of September 10, 2020,” Webcast (September 10, 2020)
• “More Momentum: M&A as of June 25, 2020,” Webcast (June 25, 2020)
• “Awakenings? Current Status of M&A Activity,” Webcast (May 28, 2020)
• “Episode #6: PPP Loans and the Main Street Lending Program,” The Pillsbury Industry Insights Podcast (May 21, 2020)
• “Capital Markets, Credit, and Investing: The Road Ahead,” Webcast (April 30, 2020)
• “Status of M&A Deal Activity and Prospects Webinar,” Webcast (April 23, 2020)
• “Where Are We Now? M&A Markets Amid the COVID-19 Crisis,” Webcast (March 26, 2020)
• “Pillsbury’s 19^th Annual Defense, Aerospace and Government Services M&A Conference,” (October 10, 2019)
• “Middle Market M&A: Proposed Changes to Reg S-X Rule 3-05,” SEC Small Business Capital Formation Advisory Committee Webcast (August 13, 2019)
• “So You Want To Be a Cybersecurity Startup: Tips On How To Best Approach Relevant Legal Tasks,” Webcast (January 30, 2018)
• “Pillsbury’s 17^th Annual Defense, Aerospace and Government Services M&A Conference,” (October 12, 2017)
• “Fall 2017 Government Contracts Briefing,” Conference (October 3, 2017)

External Publications

• Your Final Partner, Winners Network Newsletter, Author: Matthew B. Swartz

• Co-Authored The Corporate, Securities, and M&A Lawyer’s Job: A Survival Guide published by the American Bar Association.
• Edited Lawyer’s Guide to Formulas in Transaction Documents and SEC Filings published by ALM’s Law Journal Press.
• Authored Your Final Partner published in Ernst & Young Entrepreneur Of The Year ®, Winners Network Newsletter.

• “He knows our business and consistently works hard to exceed our expectations. Matt is a consummate professional, and he’s tenacious in defending our positions.” — Corporate/M&A Client
• “Matt is very client-focused and knowledgeable, and listens to what we want and makes it happen. He is also very practical and proactive so is able to solve problems no one else can.” — Corporate/M&A Client
• “Matt is very diligent in getting a difficult deal done.” — Corporate/M&A Client
• Matt has the ability to “see around corners and think about the implications of each and every move in a negotiation.” — Chambers USA
• He is a “very intellectual lawyer who always thinks through everything from a reasonable market perspective of what's fair.” — Chambers USA
• “Clients value his encyclopedic knowledge of business law.” — Chambers USA
• “He's an exceptionally skilled lawyer" who offers "wonderful client service.” — Chambers USA
• “Matt is a great guy who is excellent at his job.” — Corporate/M&A Client