News & Articles

2018: A Year in Review

We commenced 2018 with a great deal of activity at the firm both internally, as we  restructured and changed our firm name, and for our clients with their many exciting projects.

We kicked off preparations for our relocation to Coral Gables at the beginning of the second- quarter of 2019, selected a location, and are continuing to plan for our new offices. We look forward to moving into our new space at 355 Alhambra Circle, Coral Gables on April 1 and celebrating this step with our clients and friends.

For our clients, we continued to build on our delivery of excellent corporate, real estate and immigration services and to expand and deepen existing relationships.

On the mergers and acquisition front, the firm was fortunate during the year to work on some very exciting transactions, including:

  • Representing a leading developer of senior housing communities in the creation of several joint ventures with an established private equity fund;
  • Continuing our representation of a Central American wind farm operator in its financing transactions with a World Bank syndicate;
  • Representing a Mexican based company in its acquisition of an IT services firm with operations in the United States and Mexico; and
  • Representing a Mexican group in its concession of operating a marine mammal park in Florida.

Real estate continued to be a significant part of our practice. 2018 brought with it some exciting engagements including:

  • Representing a leading real estate developer in connection with the negotiation of a development agreement for the acquisition and development of a mixed-use project consisting of affordable housing, retail and office uses;
  • Representing a Florida municipality in connection with the ground lease and development of an 800-room convention center hotel;
  • Representing a leading real estate developer and operator of commercial properties in connection with two refinancings totaling approximately $100 million for two Florida commercial office-building portfolios; and
  • Representing a leading real estate developer in connection with the acquisition and financing of approximately 15 acres of land in South Florida for the development of a Class A senior housing

During 2018, we also were fortunate to add new lawyers in both the real estate and corporate practices. Krista DeCastro joined as Counsel in our real estate practice. Krista is an exceptional real estate lawyer with a wide range of real estate transaction experience. She has focused her work on the financing, acquisition, disposition, development, leasing and management of real property. Prior to joining the firm, Krista practiced at White & Case LLP  and Bilzin Sumberg Baena Price and Axelrod LLP. Florida Super Lawyers has recognized her on numerous occasions as a Rising Star.

Monica “Mona” Betancourt joined our corporate practice late this year. Mona is a graduate of The University of Chicago Law School and will be engaged principally in assisting our clients on corporate matters.

Our Women’s Initiative, which is a joint initiative with the women lawyers of León Cosgrove LLP, continued its important work to improve diversity and meaningful inclusion of women lawyers at the two firms. This year the Initiative co-hosted a Non-Obvious Diner at the Biltmore Hotel with Ben du Pont. This event gathered 100 leaders in business, non-profit and education together to share ideas of how the world would change in the next five years. If you are interested in reading about some of the ideas discussed during the event, reach out to Colleen Grady at cgrady@adsllp.com.

Finally, the firm’s work continued to be recognized in the marketplace. The firm received two further designations that reflect its commitment to excellence. On November 1, 2018, the Daily Business Review, a publication of The American Lawyer announced its 14th Annual Most Effective Lawyers list, recognizing the achievement of lawyers who delivered impressive performances in the past year. Among the honorees, our partner, Colleen Grady, received recognition for her work in international transactions.

In addition, this past year, U.S. News & World Report and Best Lawyers announced the Ninth Edition of the “Best Law Firms.” We received two important regional rankings of which we are very proud and which recognized the firm’s work in both real estate and corporate law. These recognitions are in addition to the firm’s existing rankings by Chambers & Partners and Legal 500 and continue to confirm our firm’s commitment to excellence.

Alvarez & Diaz-Silveira LLP is a Miami based transactional law firm focused on international and domestic M&A, finance, real estate and corporate immigration, serving leading companies, family offices and high net worth individuals.

Miami Firm Takes Charge in $875 Million Marine Merger

Most Effective Lawyers: International transactions — Alvarez & Diaz-Silveira’s Colleen Grady served as lead counsel on the multi-firm, multinational transaction.

Originally published in Daily Business Review on December 10, 2018. Authored by Catherine Wilson.

Colleen M. Grady | Alvarez & Diaz-Silveira

Colleen Grady served as lead U.S. counsel to Dometic AB in its $875 million acquisition of SeaStar Solutions from affiliates of New York-based private equity firm American Securities LLC.

Limerick, Pennsylvania-based SeaStar Solutions is a leading provider of ship control and fuel systems and aftermarket products for the leisure marine industry. SeaStar is the market leader in key product areas with brands including SeaStar, Xtreme, Moeller, Optimus and Sierra.

SeaStar is entrenched in the outboard boat marketing, which has been growing at about 8 percent annually since 2010.

Headquartered in Solna, Sweden, Dometic is a global market leader in its field, sells products in about 100 countries and has about 6,500 employees worldwide. Its shares are listed in the large cap segment on Nasdaq Stockholm. The merger significantly expanded its North American market.

The transaction moved quickly with an agreement announced Nov. 21, 2017, and closing before year-end.

Grady was assisted by Albert Diaz-Silveira and Lauren Hunt of the Miami firm, and she  coordinated specialized counsel that included teams led by Mark Hamilton from Danziger & Markhoff for ERISA matters, Nick Katsanos from Seward & Kissel for HSR matters and Andrew Robertson of Lawson Lundell for Canadian matters.

Arnold & Porter Kaye Scholer represented the seller.

The transaction showcased Alvarez & Diaz-Silveira’s ability to act as lead counsel on a complex multinational transaction.

Deals of this magnitude are typically handled by large full-service firms, but the successful and efficient closing of this large international transaction by Grady and her team highlight their ability to be effective in an alternative legal platform by coordinating outside specialists into a seamless team.

Article also published in print version of Daily Business Review on December 10, 2018, view PDF here.

 

New Recognitions for Firm

Alvarez & Diaz-Silveira LLP proudly announces two important recognitions it has recently received.

On November 1, 2018, the Daily Business Review, a publication of The American Lawyer, announced its 14th annual Most Effective Lawyers list, recognizing the achievements of attorneys who delivered impressive performance for their clients in the past year.  Among the honorees is Colleen Grady, a leader of the firm’s corporate practice, received recognition for her work in international transactions.  Colleen is an experienced mergers and acquisitions counsel, both domestic and cross-border, who was also recognized by the publication in 2015 as one of the Top Dealmakers of the Year in Miami.

Most recently, Colleen led the firm’s work in connection with the successful $875 million acquisition by Dometic Group of SeaStar.  She continues to counsel Dometic Group and other clients in their acquisition and disposition activities.   In addition to her significant practice, Colleen is also engaged in many community-wide activities and leads the Women’s Initiative of Alvarez & Diaz-Silveira and León Cosgrove, LLP, which is a joint initiative between the two law firms that seeks to improve both diversity and meaningful inclusion of women lawyers at the firms.  The Women’s Initiative recently co-hosted, together with Ben duPont, Florida’s first Non-Obvious Dinner bringing together thought leaders from throughout South Florida and around the country.

In addition, on November 1, 2018, U.S. News & World Report and Best Lawyers announced the Ninth Edition of the “Best Law Farms.”  Alvarez & Diaz-Silveira LLP received two important regional rankings, recognizing the firm’s practices in Real Estate and Corporate law.  These recognitions are in addition to the firm’s existing rankings by Chambers & Partners and Legal 500.

Alvarez & Diaz-Silveira LLP is a Miami based transactional law firm focused on international and domestic M&A, finance, real estate and corporate immigration, serving leading companies, family offices and high net worth individuals.

Firm Changes Name to Alvarez & Diaz-Silveira LLP

Alvarez Arrieta & Diaz-Silveira LLP, has been renamed Alvarez & Diaz-Silveira LLP, following the departure of one of the founding partners, Alex Arrieta, to pursue new endeavors. “We wish Alex the very best as we move forward with our practice and focus as a corporate and real estate boutique firm,” said partner, Tony Alvarez, citing the firm’s celebration of its fifth anniversary and recent success in closing a $875 million acquisition for Dometic Group AB in December — a showcase of its ability to act as lead counsel on complex multinational transactions. 

The Miami-based corporate boutique law firm will continue to focus on transactional work, including international and domestic M&A, finance, real estate and immigration services for leading companies, family offices, and high net worth individuals. Alvarez & Diaz-Silveira LLP combines sophisticated counsel with a level of execution, personal attention and value that is rare among practices today.

Alvarez Arrieta & Diaz-Silveira Successfully Closes Dometic Group AB’s $875 Million Acquisition of SeaStar Solutions

Alvarez Arrieta & Diaz-Silveira LLP (AADS), a Miami-based corporate boutique law firm specializing in transactional work including international and domestic M&A, finance, real estate, and immigration services, announced that it has represented Dometic AB as lead U.S. counsel in its acquisition of SeaStar Solutions from affiliates of American Securities LLC. SeaStar Solutions is a leading provider of vessel control and fuel systems and aftermarket products to the leisure marine industry. The transaction is valued at $875 million USD and was fully financed via cash and committed bank facilities.

AADS attorneys Colleen Grady and Albert Diaz-Silveira negotiated the deal, and Lauren Hunt and Paula Buzzi led the real estate portion. The AADS team coordinated a group of specialized counsel that assisted on the matter that included Mark Hamilton from Danziger & Markhoff LLP for ERISA matters, Nick Katsanos from Seward & Kissel for HSR matters, and Andrew Robertson of Lawson Lundell for Canadian matters. Arnold & Porter Kaye Scholer LLP represented the seller.

“We’re pleased to have been able to advise Dometic in executing this important business transaction which continues to advance Dometic’s mission of ‘Mobile Living Made Easy’,” said Grady. “For the firm, this deal showcased our ability to act as lead counsel on an exceptionally complex multinational transaction. Deals of this magnitude are typically handled by large full-service firms but our platform is an alternative to successfully and cost-effectively close such a transaction by working with specialists with whom we have long-standing relationships,” she added.

Headquartered in Solna, Sweden, Dometic is a global market leader in branded solutions for mobile living with product sales in approximately 100 countries. The company employs approximately 6,500 people worldwide and had net sales of SEK 12.4 billion in 2016. Its shares are listed in the Large Cap segment on Nasdaq Stockholm.

The acquisition strengthens and expands Dometic’s position as a global supplier to the marine industry through new product areas, a broader distribution network and market presence. SeaStar Solutions is the market leader in its key product areas and operates some of the strongest brands in the market, including SeaStar, Xtreme, MOELLER, Optimus and Sierra.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6