Coon, Baker

Baker Coon

Associate
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Baker Coon focuses his practice on private equity and venture capital. He has participated on deal teams and advised clients on a range of transactional matters, including mergers and acquisitions, debt and equity financings, joint ventures and other strategic relationships. Baker has additional experience navigating corporate governance matters, employment and incentive equity arrangements and intellectual property protection.

Baker Coon focuses his practice on private equity and venture capital. He has participated on deal teams and advised clients on a range of transactional matters, including mergers and acquisitions, debt and equity financings, joint ventures and other strategic relationships. Baker has additional experience navigating corporate governance matters, employment and incentive equity arrangements and intellectual property protection.

His experience includes assisting in the representation of:

  • American Tower Corporation in the acquisition of data centers located in Orlando and Atlanta operated by DataSite
  • Silver Oak Services Partners, LLC, a leading lower middle market private equity firm focused exclusively on business, health care and consumer service businesses, in the recapitalization of Drive Automotive Services, LLC
  • Greenbacker Capital Management, LLC, a leader in sustainable infrastructure investment, in an expanded investment in Clear Energy Renewables, an owner-operator of hydroelectric power generation facilities in New York
  • Greenbacker Capital Management, LLC, a leader in sustainable infrastructure investment, in its strategic investment in CEP Solar, LLC, a subsidiary of Commonwealth Energy Partners focused on solar power and energy storage development in Virginia
  • Nautic Partners, in its recapitalization of the VC3 family of companies. VC3 is a market-leading managed information technology service provider to local governments and commercial customers, and its new partnership with VC3 management
  • Shanghai Haohai Biological Technology Co., Ltd., a public company traded on the Hong Kong and Shanghai stock exchanges, in connection with its $40 million Series A preferred equity investment in Eirion Therapeutics, Inc., a biotech startup based in Massachusetts, and related licensing arrangements
  • Biohaven Pharmaceutical Holding Company (NYSE: BHVN) in its acquisition the remaining 58% interest of Kleo Pharmaceuticals, Inc. that it did not previously own, in a stock deal valuing Kleo at enterprise value of approximately $20 million
  • Biohaven Pharmaceutical Holding Company (NYSE: BHVN) and its affiliate, BioShin Limited, in a $60 million Series A Preferred equity financing of BioShin, advancing Biohaven's clinical portfolio in the Asia-Pacific region, addressing migraine, neurologic and neuropsychiatric diseases
  • Melody Investment Advisors LP in connection with the acquisition of 90% of Uniti Towers, the wireless tower business of real estate investment trust Uniti Group Inc. (NASDAQ: UNIT), for approximately $220 million in cash
  • Nautic Partners, LLC, in its investment in AKAM Living Services, Inc., a leading real estate services company and its new partnership with AKAM management
  • Nautic Partners, in its acquisition of Spartech LLC, a custom manufacturer of specialized acrylics and other engineered extruded plastics used in a variety of applications and end markets, including aerospace and defense, in partnership with Spartech management, from private equity owner Arsenal Capital Partners
  • Hastings Equity Partners in its acquisition of Code Red Safety, a leading provider of safety equipment rentals, safety product sales, high angle and confined space rescue services and in-plant communication services to the industrial, refining, petrochemical, auto-motive, agricultural, steel and power generation industries
  • Hastings Equity Partners in its acquisition of Critical 2-Way Communications, a leading provider of in-plant communication services to a blue-chip customer base across the industrial, refining, petrochemical, automotive, agricultural, steel and power generation markets
  • Leonard Valve Company, a designer and manufacturer of water temperature control valves and monitoring devices used in institutional and commercial applications, and its owners in the sale of the equity interests of Leonard Valve to Bessemer Investors
  • Hastings Equity Partners in its acquisition of Refractory Construction Services, a leading provider of refractory, mechanical and industrial coatings services to refineries, petrochemical plants, LNG facilities and export terminals
  • Starwood Energy Group Global, Inc., a leader in private energy infrastructure investments, as special local counsel in its acquisition of the Manchester Street Power Station from Dominion Generation, Inc., a wholly-owned subsidiary of Dominion Energy, Inc. (NYSE: D), as part of a larger purchase of two of Dominion's combined-cycle gas turbine plants for approximately $1.23 billion
  • Juvenescence Limited, a leading drug development company, focused on the development of therapies to increase human longevity
    • In its purchase of 14.4 million shares of AgeX Therapeutics, Inc., for $43.2 million, from its affiliate, BioTime, Inc. (NYSE American: BTX). AgeX is focused on developing novel therapeutics for age-related degenerative disease
    • In a $10 million equity financing of FoxBio Inc. Juvenescence's partner in the joint venture, Antoxerene Inc. (a portfolio company of Ichor Therapeutics, Inc.), is a small molecule developer, focused on targeting aging cells
    • In a $6.5 million equity financing of BYOMass Inc., a company focused on developing treatments for obesity and cachexia
  • Nautic Partners and its portfolio company Healthcare Payment Specialists (HPS), a leader in helping health care providers optimize Medicare reimbursement, in the sale of HPS to TransUnion Healthcare Holdings, Inc., a subsidiary of TransUnion (NYSE: TRU)
  • ActiveCare Inc., and its wholly-owned subsidiary, 4G Biometrics, LLC, in the sale of substantially all of its assets under Sections 105, 363 and 365 of the United States Bankruptcy Code, to Telcare Medical Supply, LLC, a subsidiary of Biotelemetry, Inc. (NASDAQ: BEAT), a leading developer of mobile and wireless medical monitoring devices, for up to an amount exceeding $10 million of total consideration
  • Vendome Medquest, LLC, a subsidiary of Vendome Group, LLC, in its sale of ENT Journal to Sage Publications, Inc.
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CREDENTIALS
Education
  • J.D., William & Mary School of Law, 2013
    William & Mary Environmental Law and Policy Review
  • B.A., magna cum laude, Middlebury College, 2010
Bar Admissions
  • Rhode Island
  • Massachusetts
  • District of Columbia
Professional Affiliations
    • Member, Washington, D.C. Bar Association - Corporation, Finance and Securities Law Section
    • Member, Rhode Island Bar Association - Business Organizations Committee Member
Awards & Recognitions
    • Named, Best Lawyers: Ones to Watch, Corporate Law (2021-2022)
    • Named, Super Lawyers® Rhode Island Rising Star, Mergers & Acquisitions (2017-2018)
Community Leadership
    • Social Enterprise Greenhouse, "Best for Rhode Island" Committee Member; 2018 Seminar "Business Formation and Entity Choice" presenter; 2016 SEEED Summit Business Coach
    • Providence Foundation, Incorporator
    • Providence Athenaeum, The Contemporaries Group