Payson W. Lyman
Partner
Areas of Focus
- Preferred Equity & Hybrid Capital
- Private Equity
- Private Equity Transactions
- Corporate & Finance
- Mergers & Acquisitions
- Special Situations
- Private Credit
- Private Capital
- Capital Solutions
- Focuses on private capital transactions.
- Handles complex preferred equity & hybrid capital investments up and down the capital stack.
- Advises on equity capital solutions, special situations and other distressed transactions.
- Works with private equity sponsors on leveraged buyouts, divestitures, carve-outs, recapitalizations, equity financings, growth equity investments and joint ventures.
Payson Lyman advises alternative asset managers in complex equity and special situations transactions.
Payson has extensive experience advising investors in preferred equity and hybrid capital investments at all levels of the capital stack, including debt-like preferred stock, equity kickers and convertible securities. He also advises on special situations transactions involving complex liquidity solutions and capital structuring, event-driven and opportunistic investments and other bespoke arrangements.
In addition, he advises private equity sponsors on traditional leveraged buyouts, growth equity investments, equity financings, carve-outs, platform transactions, dispositions and recapitalizations.
- TA Associates in numerous investments, including advising:
- its portfolio company, RLDatix, in its acquisition of Quantros Patient Safety Business.
- its portfolio company, RLDatix, in its acquisition of Verge Health.
- its portfolio company, insightsoftware, in its acquisition of Excel4apps.
- on its investment, alongside GI Partners, in Netsmart Technologies, Inc.
- The Carlyle Group and TA Associates in:
- its equity recapitalization of PurposeBuilt Brands with a new investment from Rock Mountain Capital and The Olayan Group.
- its acquisition of Weiman Products.
- The Carlyle Group and Spectrum Equity in the sale of Extreme Reach to Gamut Capital Management.
- The Carlyle Group on numerous transactions, including:
- its acquisition of Manna Pro Products and multiple bolt-on acquisitions.
- its preferred stock investment in a leading fitness and health business.
- Bain Capital on several transactions, including:
- its acquisition of Varsity Brands from Charlesbank Capital Partners and Partners Group.
- the sale of its JV interests in IVS Bulk to Grindrod Shipping.
- its strategic investment in Carson Group.
- its acquisition of a majority stake in Surf Broadband Solutions.
- its $3.2 billion carve-out acquisition of Diversey Care from Sealed Air.
EducationJ.D., Georgetown University Law Center, magna cum laude , 2014
B.A., University of Wisconsin - Madison, 2009
J.D., Georgetown University Law Center, magna cum laude , 2014
B.A., University of Wisconsin - Madison, 2009
Bar AdmissionsMassachusetts
Massachusetts
