Akin Gump Advises Ledge Lounger Management Team in Recapitalization with Summit Park and Digital Fuel Capital

(Houston) - Summit Park has announced a majority recapitalization of Ledge Lounger Inc., the category creator and branded leader of in-pool furniture and accessories, in partnership with Digital Fuel Capital. A team from Akin Gump advised the management team of Ledge Lounger.

The transaction marks the eighth investment in Summit Park’s current fund, Summit Park III, which had a final closing in August of 2018.

To learn more about the transaction, click here.

The Akin Gump team was led by private equity partners Thomas McCaffrey and Patrick Hurley, counsel Jon Boben and associate Anthony Hilbert. They were joined by cybersecurity, privacy, and data protection practice co-head Natasha Kohne and senior counsel Michael Miller; tax partner Howard Jacobson; environmental practice head David Quigley and senior counsel Andrew Oelz; antitrust partner Haidee Schwartz and associate Mitchell Khader;  intellectual property senior counsel David Lee; international trade partner Christian Davis and senior counsel Alexis Guinan; labor and employment partner Brian Patterson; litigation and insurance senior counsel Dennis Windscheffel; executive compensation and employee benefits senior counsel Michael Gerald; and corporate counsel Kevin Tsai.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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