Sidley Snags Cooley Private Equity Team in Century City
"This is a very intentional push by the firm to become a major player in private equity," said Sidley's Brian Fahrney.
April 10, 2019 at 05:26 PM
4 minute read
The original version of this story was published on The American Lawyer
Sidley Austin has picked up a pair of private equity partners from Cooley in Los Angeles, with more expected to join them.
Longtime Cooley partner Mehdi Khodadad, along with colleague Joshua DuClos, have joined Sidley Austin in its Century City office.
The two belong to a larger team of partners and associates from Cooley that are poised to join Sidley later this week, said Brian Fahrney, global co-leader of Sidley's M&A and private equity practice. Fahrney declined to give specifics as to the names or number of attorneys making the jump.
Over the years, Khodadad has built a practice representing leading technology and life sciences companies and their venture capital and private equity sponsors. He also works with investors and entrepreneurs on a wide array of transactions, including private and public financings, corporate restructurings, mergers and acquisitions, and leveraged buy-outs.
“We have known of him sort of reputationally in the market and he just has the highest level reputation,” Fahrney said of Khodadad, who joined Cooley in 2004.
He advised Boston-based Paratek Pharmaceuticals on its reverse IPO with Transcept Pharmaceuticals that saw him named Dealmaker of the Year by The American Lawyer in 2015.
But his major client is private equity investment firm Clearlake Capital Group, which he's advised—along with its affiliates—on numerous transactions over the years.
Most recently he counseled Clearlake and its subsidiary Perforce Software on separate acquisitions involving mobile testing platform Perfecto Mobile and Meek's Lumber Co. In November he advised Clearlake on its purchase of symplr from Pamlico Capital and The CapStreet Group.
“Mehdi has been a trusted adviser to Clearlake over the years and we congratulate him on this move to Sidley,” said Behdad Eghbali, managing partner and co-founder of Clearlake. “I am excited by the opportunity to continue to grow our relationship with Mehdi and Sidley.”
“We know that he has done a great job servicing Clearlake as a trusted adviser,” Fahrney said.
DuClos, a former associate at Cravath, Swaine & Moore and Kirkland & Ellis, joined Cooley in 2014 before making partner earlier this year.
DuClos and Khodadad were not immediately available to comment on their move. The pair worked with Divya Bala and Sabina Lippman of global legal recruitment firm Lippman Jungers in their move over to Sidley.
Cooley had no immediate comment on the departures.
The two are just the latest private equity hires in recent months for Sidley Austin, which last year saw its gross revenue jump 9 percent to $2.2 billion and profits per equity partner increase nearly 13 percent to $2.55 million.
“This is a very intentional push by the firm to become a major player in private equity,” Fahrney said.
In the last few years, Sidley has brought on top private equity rainmakers in London and California from Simpson Thacher & Bartlett; in Boston from Latham & Watkins; and in Munich from Kirkland & Ellis. It's also recently added several high-profile partners in New York.
In October Sidley added private equity rainmakers Adam Weinstein and Tony Feuerstein in New York from Akin Gump Strauss Hauer & Feld. It also recently added Davis Polk & Wardwell partner John Butler to its M&A and private equity practice, as well as Clifford Chance partner Steven Kolyer to its global finance practice.
Fahrney said there are several moves in the pipeline, vowing that the firm is “going to move aggressively and, in particular, in New York.”
“It's all part of a plan, which is to ramp up and become a major player in private equity both in the U.S. and elsewhere,” he said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllFarella Elevates First Female Firmwide Managing Partners
Womble Bond Dickinson's Wilmington Office Sees New Leadership as Merger Is Completed
4 minute readPenn State Dickinson Law Dean Named President-Elect of Association of American Law Schools
Trending Stories
- 1High Court Rejects 'Heightened' Standard for Employers Defending FLSA Cases
- 2Case With 'Serious Consequences for Corporate Law' Heads to Texas Supreme Court
- 3Oil Co. Alleges Plot to Drive Away Competition in NYC's Liquid Fuel Market
- 4Takeaways From Day One of Pam Bondi’s Confirmation Hearing
- 5Greenberg Traurig, Holland & Knight Leaders Expect AI Investments to Jump in 2025
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250