Biography
Craig Adas is Co-Managing Partner of the Silicon Valley office, where he helps clients navigate high-stakes M&A and financing transactions. His practice spans private and public acquisitions, leveraged buyouts, dispositions, cross-border acquisitions, joint ventures, collaborations, and securities matters. Craig also regularly advises Boards on governance, fiduciary duty, corporate opportunity, and other strategic matters.
Craig’s reputation for combining sharp legal judgment with real business sense has earned him recognition among the industry’s top dealmakers, including:
- Recognized as a leading lawyer for Private Equity and M&A by Chambers USA;
- Recognized as a “Notable Practitioner” for Private Equity in California and the U.S. by IFLR1000;
- Named a “California Trailblazer” by The Recorder for his work in Private Equity and M&A;
- Named to Lawdragon’s list of “500 Leading Dealmakers in America”; and
- Listed among the Daily Journal’s “Top Private Equity Lawyers.”
Beyond his practice, Craig is deeply committed to the firm’s inclusion and pro bono initiatives and is Co-Chair of the firm’s Taskforce on Women’s Engagement and Retention (TOWER).
Representative transactions include:
- Alo Yoga in various strategic transactions.
- Arrowhead Engineered Products, Inc. (a portfolio company of Genstar Capital) in various acquisitions, including Red Hawk, LLC, Western Power Sports, LLC and Bihr, N.V.
- beqom S.A. (a portfolio company of Sumeru Equity Partners) in its acquisition of PayAnalytics ehf.
- Bio-Rad Laboratories, Inc. in its acquisition of Dropworks, Inc.
- Boyd Corporation in its acquisitions of Action Fabricators and Aavid Thermalloy.
- Chevron U.S.A. Inc. in its joint venture with Mercuria Energy Trading Inc. to acquire and operate American Natural Gas LLC and subsequent acquisition of Mercuria’s interests.
- Clarience Technologies, LLC (a portfolio company of Genstar Capital) in its sale to Leonard Green & Partners, L.P.
- Coherent Corp. in connection with its multiyear strategic partnership with NVIDIA, which includes a $2 billion equity investment by NVIDIA and a nonexclusive, multi-billion-dollar capacity and supply arrangement.
- Conversica, Inc. in its acquisition of substantially all the assets of Intelligens; various equity financings; and its sale to an affiliate of Morgan Stanley.
- Core-Mark Holding Company in various acquisitions, including Farner-Bocken Co., Pine State Convenience, Forrest City Grocery Co., Finkle Distributors and J.T. Davenport & Sons, and its $2.5 billion sale to Performance Food Group.
- CPP Investments, as a member of a consortium with Advent International and Permira Advisers, among others, in the consortium’s $14 billion take-private of McAfee Corporation.
- CPU Technology (a portfolio company of The Carlyle Group) in its sale to The Boeing Company.
- Dell in various growth equity investments.
- Evercore in connection with Tesla’s acquisition of SolarCity; the sale of HTC’s smartphone business; and Palo Alto Networks’ acquisition of Demisto.
- Genstar Capital
- together with TA Associates in the acquisition of Orion Advisor Solutions and the simultaneous acquisition of Brinker Capital.
- in its acquisition of Abracon LLC.
- in its acquisition of Arrowhead Engineered Products, Inc.
- in its acquisition of Marcone Appliance Parts Center, Inc.
- in its acquisition of Truck-Lite Company (n/k/a Clarience Technologies, LLC).
- in its acquisition of Boyd Corporation.
- in its acquisition of Infinite RF Holdings.
- in its acquisition of L-Com.
- in its acquisition of OTC Industrial.
- in its acquisition of Pretium Packaging.
- in its acquisition of Power Products Holdings.
- in its acquisition of Tecomet.
- in its acquisition of The SEER Group.
- in various financing transactions involving Brook + Whittle.
- in its sale of numerous platform companies including Infinite Electronics, Inc., Boyd Corporation, the Global Marine and Mobile Business of Power Products Holdings, Tecomet, Evolution1, Pretium Packaging, LLC, and ECM Industries, LLC.
- Getty Images in numerous acquisitions, dispositions and go-private transactions.
- Golden Gate Capital in the formation of Stonehill Environmental Partners and in Stonehill’s acquisition of the assets of Waterfield Midstream.
- HCL Technologies Limited and Sumeru Equity Partners in the acquisition of Actian Corporation.
- Infinite Electronics, Inc. (a portfolio company of Genstar Capital) in its acquisition of Smiths Interconnect’s Microwave Telecoms Business from Smiths Group plc and the sale of its Kaelus Brands subsidiary.
- Marcone Appliance Parts Center, Inc. (a portfolio company of Genstar Capital) in its acquisitions of Munch’s Supply and Professional Plumbing Group.
- Marvell Technology in various debt financing transactions.
- Maxim Integrated Products in various acquisitions, including Scintera Networks, Mobilygen Corp., Innova Card and the Wireless Central and Secured Transactions business lines of ZILOG, and its $27.5 billion sale to Analog Devices, Inc.
- Micron in its acquisition of Tidal Systems; its sale of LEXAR; its acquisition of equipment and assembly lines at facilities in Xi’an, China from Powertech Technology Inc.; the sale of Micron’s Lehi, UT fab for $900 million; and Micron’s $100 billion mega-fab in upstate New York.
- mSupply, Inc. (a portfolio company of Genstar Capital) in its sale of its subsidiary Speakman Company to Everflow Supplies, LLC.
- Sequoia Capital in various growth equity investments.
- Silver Lake Sumeru in various acquisitions, including Velocity Technology Enterprises (n/k/a Velocity Technology Solutions, Inc.), ForeFlight, LLC and Titan Technology Partners Ltd., and its sales of Velocity Technology Solutions, Inc. and ForeFlight, LLC.
- SiriusXM in its acquisition of a minority stake in SoundCloud Ltd.
- Sumeru Equity Partners
- in its acquisition of beqom S.A.
- in its investment in iProov.
- in its acquisition of SocialChorus, Inc.
- in its acquisition of Dynamic Signal Inc.
- in its acquisition of K1X, Inc.
- Velocity Technology Solutions, Inc. (a portfolio company of Silver Lake Sumeru) in its acquisition of Mercury Technology Group, Inc.
- Vonage in various transactions, including the acquisition of Nexmo, Telesphere Networks Ltd., Vocalocity, Inc., SimpleSignal, Inc. and iCore and its sale to Ericsson.