SederLaw represents Fidelity Bank in financing acquisition of Rotmans Furniture
Attorney represented Fidelity Bank in financing the acquisition by publicly traded company Vystar, for their majority interest in Rotmans Furniture. Vystar Corp., a publicly traded company (OTC: VYST) with a market capitalization of $32.8MM, acquired Rotmans Furniture, a family-run Worcester furniture retailer for more than five decades, has officially been acquired by Vystar, which longtime Rotmans chief executive Steve Rotman also leads as CEO.
Mr. Kinnard practices in the Banking and Finance, and Business Law areas, focusing on commercial transactions, including bilateral and syndicated asset-based and commercial real estate loan facilities; private securities offerings and debt and equity capitalizations; joint ventures; mergers and acquisitions; and other corporate transactions arising out of the day-to-day operations of closely-held businesses. He serves as counsel to a number of financial institutions, including regional and national banks and credit unions, and private, mezzanine and other corporate financiers, in connection with both internal corporate and transactional-based matters. Mr. Kinnard has considerable experience representing private equity funds in connection with formation, structuring, offering, subscription and investment syndication matters, and is routinely sought-out as counsel for various funds seeking to invest in, and capitalize on, the economic revival of the Worcester market. He is often engaged to prepare private placement memorandums (PPMs) and other offering documents concerning securities exempt from registration under various federal and state (“blue sky”) securities laws.
Visit Worcester Business Journal for additional information on the acquisition.