Milam Foster Newby
Milam Newby is the Head of the firm’s Technology practice where he advises on and leads transactions in an array of industries, including technology, financial services, manufacturing, life sciences, chemicals, transportation and energy.
Over the last decade, Milam has developed a particular emphasis on representing investors and startups in private financing transactions. He advises venture capital firms and private equity funds of all sizes, from small, nascent funds to large investment pools managed by preeminent firms. Milam also guides emerging companies from early stage financing to lucrative exits through mergers and acquisitions or public offerings. His other transactional experience includes management buyouts, debt financing, joint ventures and strategic alliances, among other business transactional matters.
In addition to his transactional work, Milam advises clients such as Fortune 500 companies on day-to-day matters related to organization, capital structure, stock incentives, governance, litigation risk management, securities law compliance, and disclosure. He also enjoys the challenges of structuring unique transactions, such as helping the University of Texas forge a partnership with ESPN to create a new television station.
Milam takes a collaborative approach with all his clients, offering them comprehensive advice on the issues they face and working closely with them to achieve efficient, commercial solutions. He is proud of his ongoing relationships with clients and committed to being an integral part of their team as they pursue new avenues for success.
Experience Highlights
American Insulated Glass, a portfolio company of AV Capital, in its sale to Trulite Glass & Aluminum Solutions, one of North America’s largest architectural glass and aluminum fabricators
Rebellion Photonics, a provider of intelligent, visual gas monitoring solutions, in its acquisition by Honeywell
Kibo, a leader in cloud commerce solutions and a Vista Equity Partners portfolio company, in its acquisition of Certona, a provider of real-time, AI-driven omnichannel personalization software solutions
PayLease, a leading PropTech provider for property managers and community associations and a Vista Equity Partners portfolio company, in its acquisition of Zego, maker of a smart home hub for apartment living
Vida Capital, a multi-billion dollar alternative asset manager specializing in insurance-linked strategies, in its acquisition by Redbird Capital and Reverence Capital Partners
AV Capital in its acquisition of American Insulated Glass, a custom fabricator and distributor of glass products
USA Compression Partners in its acquisition of Energy Transfer Partners’ compression business in a transaction valued at approximately $1.8 billion
Plant Automation Services in a $40 million growth investment in the company by Tinicum Partners
Athlaction Holdings, a Vista Equity Partners portfolio company, in the sale of Lanyon Solutions, a provider of cloud-based enterprise event management technology solutions, to Cvent in connection with Vista’s take-private acquisition of Cvent
Bioo Scientific Corporation in its sale to PerkinElmer, Inc.
Tinicum Incorporated in the preferred stock financing of Rebellion Photonics, a developer of imaging cameras to monitor rigs and refineries
Asuragen, an RNA-based therapeutic and diagnostics company providing molecular biology services, in a Series C Preferred Stock financing
Cotton Creek Capital and Stoney Point Group in the formation of AirReady, a company focused on aviation maintenance, repair, and overhaul, and the acquisition by AirReady of Broadwing Air Repair
Eastern Capital Limited in its investment in Catalina Acquisitions, parent company to Unidos, a financial services provider
Management of Mailgun Technologies in the acquisition of Mailgun, a provider of email infrastructure software, by Thoma Bravo
Kibo, a leader in cloud commerce solutions and a Vista Equity Partners portfolio company, in its acquisition of Monetate, a leader in personalization software for consumer-facing brands
Xactly, a Vista Equity Partners portfolio company, in its acquisition of OpsPanda, a SaaS company specializing in sales resource planning solutions
7Park Data, a Vista Equity Partners portfolio company, in its acquisition of Real Factors, maker of a data analytics platform for commercial real estate investment professionals
M&M Tradition Holdings in the sale of the company, a diversified sheet metal fabricator of HVAC duct pipe and fittings and a portfolio company of Southwest Opportunity Partners, to MiTek Holdings, a Berkshire Hathaway portfolio company
Austin Ventures in its acquisition of SAM, Inc., a surveying, mapping and engineering company
Century Payments in the sale of the company, an electronic payment processing company, to a wholly owned subsidiary of WorldPay US
USA Compression Partners in its $187 million acquisition of compression assets from S&R Compression in exchange for common stock units representing 20% of limited partnership interests in the company
University of Texas System in the $300 million formation of the Longhorn Network in collaboration with ESPN, including exclusive rights to televise athletic events and other content, as well as rights to develop and distribute digital content
Magnablend Holdings in the sale of the company, a provider of chemical manufacturing, blending, and packaging solutions to industries including energy/oil and gas services, agriculture, water treatment, construction, and industrial cleaning, to Univar
Lombardi Software in the $178 million sale of the company, a leader in business process management software, to International Business Machines Corporation
NRG Manufacturing in its sale to Ameriforge Group, a forged products subsystems and systems integration manufacturing corporation
Southwest Airlines in its $3.4 billion acquisition of AirTran Holdings
Credentials
- The University of Texas School of Law, J.D. with honors, 2003
- The University of Texas at Austin, B.A. with honors, 2000
- Chambers USA, Technology: Corporate & Commercial (Texas), 2014–2016; “Up and Coming” in Technology: Corporate & Commercial (Texas), 2014–2016; Corporate/M&A (Austin), 2020–2024
- Legal 500 U.S., Technology: Transactions, 2014 and 2018; Venture Capital & Emerging Companies, 2014, 2015, 2018, and 2019
- Selected to the Texas Super Lawyers List, Super Lawyers (Thomson Reuters), 2019–2024
- Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2010–2018
- The Best Lawyers in America© (BL Rankings, LLC), Corporate Law (Austin), 2019–2025
- IFLR1000, 2020–2023
- Selected to the 500 Leading Energy Lawyers, Lawdragon, 2023 and 2024
- Member: University of Texas School of Law Alumni Association
- Executive Committee: Austin Technology Council
- Trustee: The Contemporary Austin
- Fellow: Texas Bar Foundation
- New York
- Texas
- InsightNovember 8, 2024
V&E CTA Update
- Rankings & AwardsSeptember 19, 2024
- Deals & CasesSeptember 11, 2024
- Rankings & AwardsJune 6, 2024
- Event RecapMay 16, 2024
- InsightMarch 12, 2024
V&E CTA Update
- Deals & CasesMarch 4, 2024
- InsightJanuary 30, 2024
V&E CTA Update
- Event RecapJanuary 24, 2024
- InsightJanuary 11, 2024
V&E CTA Update
- Event RecapDecember 7, 2023
- Event RecapNovember 7, 2023
- Event RecapSeptember 27, 2023
- Rankings & AwardsSeptember 18, 2023
- Rankings & AwardsAugust 21, 2023
- Rankings & AwardsJuly 14, 2023
- Event RecapJuly 11, 2023
- Rankings & AwardsJune 1, 2023
- Deals & CasesJune 1, 2023
- Event RecapMay 1, 2023
- Rankings & AwardsMarch 17, 2023
- IFLR1000 2022 Recognizes Vinson & Elkins in 21 Practice Categories, Recommends 49 Individual LawyersRankings & AwardsAugust 25, 2022
- Rankings & AwardsAugust 18, 2022
- Deals & CasesJuly 20, 2022
- Rankings & AwardsJune 1, 2022
- Deals & CasesApril 14, 2022
- Rankings & AwardsMarch 29, 2022
- Deals & CasesFebruary 2, 2022
- InsightDecember 9, 2021
- Deals & CasesDecember 6, 2021
- Deals & CasesAugust 16, 2021
- “Opening Remarks from the Chair,” Solar Storage Finance Texas, April 10, 2019 (speaker)
- “ATC Gateway SXSW,” March 9, 2017 (speaker)
- “Energy Technology Roundtable,” February 23, 2017 (speaker)
- “NACD – Top Hot Topics for Directors in 2017,” February 17, 2017 (speaker)