Attorneys

Timothy R. Damschroder Timothy R. Damschroder
chambers 2010 wdget
Best Lawyers 2010
Timothy R. Damschroder

Timothy R. Damschroder

Partner, Ann Arbor
Email: tdamschroder@bodmanllp.com

"[Bodman's] enviable reputation for private equity and venture capital markets work is due in no small part to the 'highly capable' Timothy Damschroder, whose expertise in dealing with hi-tech companies is held in incredibly high regard."

Chambers USA

Mr. Damschroder advises clients in matters involving mergers and acquisitions, corporate finance, general business, corporate governance, securities offerings, and tax. His primary value to clients is working to efficiently and effectively close transactions. He is a "get the deal done" lawyer.

Mr. Damschroder advises clients on matters regarding private equity and venture capital financing, mergers and acquisitions, joint ventures, commercial loans, business transactions (domestic and international), business formation (corporation, limited liability company, and partnership), and corporate governance. His active involvement with client transactions starts with pre-letter of intent negotiations and continues through to final closing.

He also specializes in dealing with hi-tech companies from start up, to transactions involving intellectual property, to venture capital financing, to eventual sale. His corporate finance work includes debt and equity financing (private equity, venture capital and angel investments), and derivative transactions including ISDA documentation, master agreements, interest rate swaps, currency swaps and other foreign exchange transactions (FX transactions), and options.

Significant representative matters in which Mr. Damschroder has been counsel of record include the following:

  • Serves as outside general counsel to Grede Holdings LLC (formerly known as Citation Corp.) and to Key Plastics, LLC. In this capactiy, he handles all merger and acquisition activities for these companies, board of director governance issues, and corporate finance transactions. In many instances, he manages the companies' other outside law firms, and also manages the non-corporate related needs of the companies.
  • Represented Grede Holdings in connection with its simultaneous debt and capital restructuring, combination through a bankruptcy sale with Grede Foundries Inc., and obtaining a new $60 million senior credit facility from Bank of America and Wells/Wachovia. The transactions included the elimination of about $110 million in debt and the infusion of significant new capital from two private equity firms, Wayzata Investors and GSC Group. The new company is expected to generate revenue of $600 million in 2010 and employ 2,700 workers at 14 foundries and two machining plants in the U.S. The company specializes in high quality ductile, gray and specialty iron castings including lost foam and high silicone moly applications.
  • Represented Accuri Cytometers in several venture backed equity transactions totaling $27 million over the last several years. Participating venture firms include Fidelity Biosciences, Flagship Ventures, Baird Venture Partners, Arboretum Ventures, and Michigan Growth Capital Partners.
  • Negotiated and closed 35 separate corporate finance transactions since June 2007 totaling in excess of $200 million including seed and follow-on funding, venture capital funding, mezzanine financing, funding from the Michigan Economic Development Corporation (MEDC), raising funds for a private investment entity, and investing in a large institutional fund.
  • Represented Seneca Partners, a private equity, investment banking and merchant banking firm, in the simultaneous purchase of two separate companies, Adesso Solutions and Gelco Trade Management, creating the market’s largest mid-market Trade Promotion Management (TPM) solution providers.
  • Successfully negotiated the sale of Sysware Health Care Systems, Inc., a software company with operations in the U.S. and in India to Eclipsys Corporation, and the sale of Leade Health, a leading health coaching firm, to Ceridian Corporation.
  • Represented a newly formed publishing company in a $30 million purchase of three business units from a public company. His work included assistance with raising the needed capital to fund the transaction. The transaction also included the purchase of a 170,000-square-foot complex located on a 60 acre parcel.
  • Represented a private investment fund in connection with the purchase of a multimedia company with operations in London, New York and Seattle.

Mr. Damschroder is listed in The Best Lawyers in America 2010 under Corporate Law, The Best Lawyers in America 2010 under Mergers & Acquisitions Law, Chambers USA: America’s Leading Lawyers for Business 2010 under Corporate/M&A, and Michigan Super Lawyers 2007-2009 under Business/Corporate.  He is AV® Peer Review Rated by Martindale-Hubbell.

Mr. Damschroder serves on the Board of Directors of the Washtenaw County Red Cross, on the Major Gifts Committee of Saint Joseph Mercy Health System (Ann Arbor), on a United Way fundraising committee, on the Advisory Group of Ann Arbor Angels and is on various committees of Zion Lutheran Church. He is a past president of the Board of Directors of Peace Neighborhood Center and a past vice chair of the Board of Directors of Nonprofit Enterprise At Work.