Multi-Office Locke Lord Team Represents Pantogran and CARD Founder in $48.5 Million Acquisition

A Locke Lord team led by David Kupetz (Los Angeles) represented buyer Pantogran and Center for Autism and Related Disorders (CARD) founder Dr. Doreen Granpeesheh as bankruptcy and restructuring counsel in their acquisition of the majority of CARD’s assets following a comprehensive sale process and a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code. In July 2023, U.S. Bankruptcy Judge David R. Jones approved the center's sale to a consortium consisting of Pantogran’s principals, Granpeesheh and her partner Sangam Pant, and affiliates of asset manager Audax Group for $48.5 million. CARD is the leading provider of evidence-based applied behavior analysis for individuals of all ages diagnosed with autism spectrum disorder. Under the terms of the agreement, Pantogran acquired 112 centers across the country, including all intellectual property, longitudinal data and CARD’s clinical database. For more information, see the press release. Additional assistance was provided by Sean Feener (New York), Simon Mayer (Houston), Denise Hanna (Washington, D.C.), David Szabo (Boston), Ashley Wheelock (Austin), Nina Huerta (Los Angeles) and Jaremi Chilton (San Francisco).
Posted on August 29, 2023