Opinion ID: 4546366
Heading Depth: 3
Heading Rank: 1

Heading: The Relevant Parties and Entities

Text: In fall 2010, Riverside, a Boston-headquartered private equity firm, identified TelJet1 as a potential acquisition for its portfolio company Tech Valley Holdings, LLC (Tech Valley). Vermont Fiberlink, LLC and TelJet, Inc. owned and were the members of TelJet. Tech Valley wholly owned TVC Albany, Inc. (TVC). TVC was the sole member of and exclusively managed TJL Acquisition Company, LLC (“TJL Acquisition”). TVC created TJL Acquisition specifically to acquire TelJet with it. Riverside employees controlled the Board of Managers of Tech Valley and the Board of Directors of TVC. Kaplan was the Chairman of both these Boards. He also had the authority to sign agreements for TJL Acquisition in which he exercised TJL Acquisition's rights, powers, and privileges as to both the Asset Purchase Agreement (APA), the contract which outlined the terms of the purchase of TelJet, and the TelJet transaction (the Transaction) itself.