---
title: "Kelley Drye Completes $21M VC Deal for Broadmargin: Largest Venture Financing in DC Area, Year-to-Date"
date: 2003-05-09T00:00:00-04:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/news/kelley-drye-completes-21m-vc-deal-for-broadmargin-largest-venture-financing-in-dc-area-year-to-date"
section: News
---
# Kelley Drye Completes $21M VC Deal for Broadmargin: Largest Venture Financing in DC Area, Year-to-Date

 May 9, 2003

 

 

 

 

 

 

Kelley Drye obtained a $21 million venture financing for Broadmargin (a/k/a Lynch & Company, Inc.), the largest VC financing in the Washington area, year-to-date. The transaction involved the VC’s purchase of 73% of the company as well as acceleration of option vesting; waiver of option exercise price payments; share redemptions from existing owners; distributions of minority investments: in all, an extremely complex transaction.

 

 

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