Neil Patel is a Shareholder in Butzel Long’s Bloomfield Hills office. He concentrates his practice in the areas of business and corporate law.
Mr. Patel advises and counsels clients on matters related to the sale or acquisition of businesses, general corporate and business law, entity formation, shareholder disputes, and preparation and negotiation of corporate and transactional documents, including merger & acquisitions, operating and compliance documents. He provides legal services to clients in a wide array of businesses, including the automotive, medical, manufacturing, franchising, technology and hospitality industries.
Mr. Patel was integral in the following matters, which are representative of his experience:
- Acquisition by a German client, which produces technical plastic components for customers in the NAFTA markets for many German automotive production companies such as BMW, Audi, VW, and Mercedes Benz, of its distressed supplier. The structure of the transaction was complicated by the number of parties that had a stake in the transaction, including the Seller’s lender and another OEM. The complexity of the transaction was heightened by a protracted timeline in order to prevent a supply disruption to certain OEMs, a Seller who negotiated from a position of having nothing to lose, and the transitioning of over 100 employees.
- Divesture of a U.S.-based client in the sale of its surgical-robot distribution business wholly-operated in India, to a Silicon Valley-based public company. The transaction was bifurcated into a U.S. and Indian transaction with simultaneous closings and invloded drafting and negotiating consistent principal transaction documents, ancillary agreements, and consents from hundreds of Indian-based customers, suppliers, lenders, and other third parties. The matter required extensive coordination with the client’s financial advisors and Indian co-counsel to structure the deal in a manner that was beneficial to the client from a tax perspective.
- Divesture by the shareholders of a forging and machining business of their assets located in North Carolina to a Canadian public company and one of Canada's largest automobile parts manufacturer. The complexity of the transaction involved negotiations with government officials related to certain governmental incentives to Buyer and Buyer’s ability to clawback funds from the purchase price if incentives were not ultimately received. In addition, the transaction involved addressing numerous environmental matters prior to closing, and the negotiation of an industrial lease agreement and an access agreement.
- Divesture by U.S. and Belgian shareholders of certain business holdings, including a large French subsidiary, which in turn has multiple subsidiaries around the world (in Argentina, China, and Mexico), and a U.S. subsidiary. The transaction was structured as an equity sale to a UK-based firm with intricate tax planning triggering multiple levels and transaction structures in the various jurisdictions and required compliance with significant anti-competition laws.
- Acquisition by our client, a world leader in diversified composite technologies, of its distress supplier. The transaction was imperative to avoid a disruption in supply to both our client and another OEM customer. In addition to mitigating damages related to a shortage in supply, strategically this acquisition allowed our client to bring certain operations in-house and protected its ability to provide uninterrupted shipments to its customers in the future. This transaction required negotiation with numerous creditors and negotiation of a long-term supply arrangement with other OEMs.
In addition to representing established businesses, Mr. Patel is active in start-up and growth-stage ventures, providing advice and counsel to help clients make sound business decisions.
Prior to pursuing his legal career, Mr. Patel spent nearly a decade owning and operating multiple units of a national restaurant franchise. His experience as a business owner gives him the unique ability to provide clients with guidance on legal matters while simultaneously minding the practicality of that advice from the client’s business perspective.
Mr. Patel is a graduate of Western Michigan University (J.D., magna cum laude) and the University of Windsor, Ontario (Bachelor of Commerce). While in law school, Mr. Patel served as Senior Editor of the Law Review and a member of the Moot Court Executive Board. Mr. Patel's academic distinction was acknowledged during law school by his receipt of book awards for the highest grade in Advanced Legal Writing, Business Organizations, Taxation, Business Planning, Property I, and Pre-Trial Skills.
To complement his academic activities during law school, Mr. Patel interned with Judge Victoria A. Roberts of the U.S. District Court for the Eastern District of Michigan and was employed as a teaching assistant for Civil Procedure.
Mr. Patel is a member of the State Bar of Michigan, the South Asian Bar Association (SABA), and a Young Leaders member of the Detroit Economic Club. He participated in the Detroit Economic Club’s Career Readiness Academy, a six-month program that mentors high school students regarding career aspirations and connects them with leaders and contemporary issues. In addition to his external activities, Mr. Patel is a member of the firm’s recruiting, diversity, and retention committee.
Mr. Patel is admitted to practice in Michigan state courts and the Federal District Court for the Eastern District of Michigan. He is a dual citizen of Canada and the U.S.
- Western Michigan University, J.D.
- University of Windsor
DBusiness Top Lawyers in Metro Detroit, Corporate Law, 2020
DBusiness Top Lawyers in Metro Detroit, Mergers & Acquisitions Law, 2018
- United States District Court for the Eastern District of Michigan
State Bar of Michigan
South Asian Bar Association
Detroit Economic Club
- March 30, 2020
- January 16, 2020
- January 6, 2020
- December 2, 2019
- March 6, 2019
- October 18, 2018
- July 30, 2015
- April 14, 2015
- February 12, 2015