Rogers & Hardin, Burr & Forman advise on private equity deal

Posted on March 24, 2009 09:17 by Andy Peters

Rogers & Hardin partner Bob Hussle represented Atlanta Equity Investors LLC on a series of transactions. Pete Correll

In the first transaction Atlanta Equity made a significant investment and acquired a controlling stake in Empower Software Solutions Inc., Hussle said. Secondly, Empower renegotiated the terms of a $31 million credit agreement with Chatham Capital Partners Inc. Finally, Empower acquired a tax-compliance business from Sage North America. Financial terms were not released for any of the transactions.

Burr & Forman partners Ed Snow, Deborah Franz and Bill Joseph advised Chatham Capital. Rogin Nassau of Hartford, Conn., advised Empower.

Atlanta Equity is an investment fund that was founded by Georgia-Pacific Chairman Emeritus Pete Correll [photo, right] and former executives of Navigant Capital Advisors and Arcapita. Empower is an Orlando, Fla., maker of human resources software. Chatham is an Atlanta mezzanine investment firm.

Atlanta Equity Investors’ first fund, a $109 million private equity fund, has also invested in NRI Construction, which provides maintenance and renovation services to apartment complexes. Paul, Hastings, Janofsky & Walker partner Rey Pascual advised Atlanta Equity on that deal, which closed in May.


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Janet ConleyThe Deal Watch Blog is devoted to bringing you the latest news in business law in Atlanta, the Southeast and the U.S. The lead writer is Daily Report associate editor Janet L. Conley.

Janet L. Conley is an attorney who returned to journalism after practicing law with Akin, Gump, Strauss, Hauer & Feld in Washington and with the Georgia Legal Services Program in Atlanta.

During her tenure at the Daily Report, Janet, now the paper's associate editor, has covered law firm economics and management, business and federal courts. In 2007, she received the Georgia Associated Press Story of the Year award and the Atlanta Press Club’s Journalist of the Year award, both for small circulation newspapers, for "Green to Gold," a series of articles on how climate change will alter business and the law.

Janet has written for The American Lawyer magazine and the National Law Journal, among other publications. She also served as managing editor of GC South magazine.

Janet holds a journalism degree from Southern College and a juris doctor degree from the University of Pennsylvania. She lives in Decatur with her husband Mark Harper, also an attorney, and their three children.

She can be reached at jconley@alm.com.

Andy PetersThe contributing writer is Daily Report staff reporter Andy Peters.

Andy Peters has been a journalist since graduating from Furman University in 1992. A short list of the subjects he’s covered includes the Georgia state Legislature, the U.S. semiconductor industry, the Alabama-Florida-Georgia “water wars” litigation, the 1999 American Airlines pilots strike, Coca-Cola and PepsiCo’s battle to acquire the Gatorade sports-drink brand, indie rock music and high school football. Andy has written for Bloomberg News, the New York Times Web site, the Macon Telegraph, the Spartanburg (S.C.) Herald-Journal and the Atlanta Business Chronicle.

Andy has written the Deal Watch column for the Daily Report since March 2006. He was born in Chattanooga, Tenn. in 1971 and grew up in Ringgold, Ga. He lives in Decatur with his wife and two children.

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