Stephen Carpinello

Stephen represents private equity sponsors and their portfolio companies and other privately owned and publicly traded companies in a wide range of transactions, including mergers and acquisitions, dispositions, co-investments, and corporate governance matters.

Prior to joining Calfee in 2023, Stephen was an Associate in the New York office of a large international law firm.

Education

J.D., The University of Chicago Law School, 2021

B.S., Economics, summa cum laude, The Wharton School of the University of Pennsylvania, 2014

Experience

• Calfee represented a portfolio company of a private equity firm in its 2024 acquisition of a leading designer and manufacturer of rod ends and spherical bearings serving the aerospace, defense, and industrial markets.
• Calfee represented a private equity firm client in its 2024 acquisition of a leading manufacturer of customized, extruded elastomeric profiles for the automotive, heavy truck, and industrial markets owned by an Employee Stock Ownership Plan, which added legal and regulatory complexity to transaction documentation, structuring and negotiation. Due to significant equity co-investment by the lender to the transaction, closing the transaction required the drafting and negotiation of a bespoke agreement to govern the equity arrangements of the business on a go-forward basis. Equity documentation and structuring accommodated additional equity investment, from outside the client's fund, via a sidecar equity vehicle.
• Calfee served as M&A counsel to a multi-billion dollar privately owned company in its 2024 purchase of a business from a Fortune 500 publicly traded company.
• Calfee served as exclusive counsel to a Midwestern manufacturing company in its 2023 acquisition of a prominent distributing company in Western U.S. and a manufacturing and wholesaler in Southwestern U.S.
• Calfee represented a portfolio company of a private equity firm client in a strategically significant acquisition in 2023 of an overhead door manufacturing leaders that provided the client a foothold in Western U.S. As part of the deal, Calfee also successfully negotiated a multi-lender financing, which required coordinating with the owners of seven leased distribution centers across four states.
• Calfee served as M&A counsel to a private equity firm client managing $1+ billion in committed capital in its acquisition of a security services provider. The $100+ million transaction closed in 2023 and involved a competitive process that closed less than a month from the term sheet signing.
• Calfee served as lead counsel to a multi-billion dollar private equity firm in its acquisition of a Virginia company serving customers in more than 140 countries. (2023)
• Calfee served as lead and sole counsel to a multi-billion dollar private equity firm in the sale of a platform company with more than 30 locations in the U.S.; in between the signing and closing of this transaction, while parties awaited Hart-Scott Rodino clearance, Calfee represented the platform company in the acquisitions of multiple add-on businesses and effectuated the pre-closing reorganization of the sell-side structure. (2023)
• Calfee represented a portfolio company of a private equity firm in its acquisition of a designer and manufacturer of Ball Bearing Control (push-pull) cables and control systems based in the Northwest.
• Represented Lee Equity Partners in its sale of K2 Insurance Services to Warburg Pincus*
• Represented New Mountain Capital in its acquisition of Cumming Group, an international construction consultancy, from Tailwind Capital*
• Represented THL in its acquisition of Intelligent Medical Objects, a healthcare data enablement provider, from Warburg Pincus*
• Represented H.I.G. Capital in its $950 million carve-out acquisition of the distribution business of Avient Corp.*

*Matters with an asterisk were completed prior to joining Calfee.