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Patrick J. Franke Photo

Pat

Patrick J. Franke
ShareholderBusiness Department Director
Seattle
D 206.223.7100
C 425.443.6770
frankep@lanepowell.com

Pat Franke is a corporate and M&A attorney, and trusted advisor to startup and emerging company founders, boards of directors and investors. He is also the Director of the firm’s Business Department comprising all of its transactional, business and other non-litigation practices.  

He advises clients at every stage of the business lifecycle on a broad range of issues, including venture capital financings, corporate reorganizations, mergers and acquisitions, joint ventures, strategic transactions and relationships, licensing and distribution transactions, and other commercial matters. Pat also counsels individual and institutional investors (including venture capital firms and corporations) with respect to their investment activities and transactions.

Chambers® USA’s Guide to America’s Leading Lawyers for Business has recognized Pat as a leading corporate lawyer. One source mentions, “he is by far one of the best attorneys I've ever worked with” and highlights his “outstanding business acumen.”

Experience

  • Valant Medical Solutions, Inc. Bridge and Venture Financings
    Advised Valant Medical Solutions, the market leader behavioral health software for private practices, in its 2015 bridge and venture financings.
  • SCI Solutions, Inc. Acquisition of Clarity Health Services
    Advised SCI Solutions, a health care software developer, in its acquisition of Clarity Health Services, an insurance billing platform.
  • Stress-Tek, Inc. $20M Sale to Vishay Precision Group, Inc.
    Advised Stress-Tek in its $20M sale to Vishay Precision Group.
  • Nippon Paper Industries Co., Ltd. $285M Acquisition of Weyerhaeuser's Longview Liquid-Packaging Business
    Represented Nippon Paper Industries Co., Ltd. in $285M acquisition of Weyerhaeuser's Longview liquid-packaging business.
  • Airbiquity Series C Financing
    Assisted Airbiquity in its successful $15M Series C financing. 
  • Datacastle Corporation Acquisition of OEM Channel Partner's Business Unit
    Counseled Datacastle, a data security company, in its acquisition of OEM Channel Partner's business unit.
  • DefinedCrowd Series Seed Financing
    Advised DefinedCrowd, an artificial intelligence startup, in its Series Seed financing.
  • DefinedCrowd Series A Financing
    Advised DefinedCrowd, an artificial intelligence startup, in its Series A financing.
  • DimensionalMechanics, Inc. Convertible Debt Financing
    Advised DimensionalMechanics, an AI software company, on its convertible debt financing.
  • Evrnu Series Seed Financing
    Advised Evrnu, a textile recycling technology company, in its Series Seed financing.  
  • Guardian Roofing Sale of Business
    Advised Guardian Roofing in the sale of its business. 
  • Noble House Hotels & Resorts Refinancing of The Edgewater Hotel
    Advised Noble House Hotels & Resorts in the refinancing of The Edgewater Hotel.
  • Tempered Networks Series B Financing
    Advised Tempered Networks, a cybersecurity solution provider, in its Series B financing.
  • Tempered Networks Convertible Debt Financing
    Advised Tempered Networks, a cybersecurity solution provider, in its Convertible Debt financing.
  • Valant Medical Solutions, Inc. Series A-3 Financing
    Advised Valant Medical Solutions, the market leader behavioral health software for private practices, in its Series A-3 financing.
  • Valant Medical Solutions, Inc. A-2 Preferred Stock Financing and Recapitalization
    Advised Valant Medical Solutions, the market leader behavioral health software for private practices, in its A-2 preferred stock financing and recapitalization.
  • Thermal Hydra Plastics LLC Acquisition of Hydra Plastics Inc.
    Represented Thermal Hydra Plastics in connection with its acquisition of Hydra Plastics, Inc., d/b/a Clearwater Spas, a manufacturer and distributor of hot tubs.
  • Lumedic, Inc. Acquisition by Providence St. Joseph Health
    Advised Lumedic, a next-generation revenue cycle management platform based on blockchain technology, in its acquisition by Providence St. Joseph Health, one of the nation's largest health systems.
  • Porsche SE 2018 Investment
    Represented Porsche SE, the holding company with a controlling interest in the Volkswagen Group, in its 2018 investments.
  • Porsche SE Follow-on Investment in Markforged
    Represented Porsche SE, the holding company with a controlling interest in the Volkswagen Group, in its follow-on investment in Markforged.
  • SkinSpirit Holdings Private Equity Financing
    Represented SkinSpirit Holdings in its private equity financing.
  • Tokai Carbon Co., Ltd. $310M Acquisition of Sid Richardson Carbon, Ltd.
    Represented Tokai Carbon in its $310M acquisition of Sid Richardson Carbon, Ltd.
  • Vibrant Cities, LLC Financing, Acquisition and Development Activities
    Counsel Vibrant Cities in its financing, acquisition and development activities.
  • iFoodDecisionSciences, Inc. Acquisition of HarvestMark
    Advised iFoodDecisionSciences, Inc. (iFood) on its acquisition from Trimble, Inc. of its food traceability and quality management business operating through Trimble’s HarvestMark division.
  • Artificial Intelligence Technology Service $50.5M Series B Financing
    Represented company in its $50.5 million Series B financing.
  • DCC Propane LLC Acquisition of Pacific Coast Energy
    Represented DCC in its acquisition of Pacific Coast Energy representing a major expansion of DCC’s retail propane operations into the Pacific Northwest.
  • Freestone Capital Management Acquisition of Controlling Interest in Quik Pik LLC
    Represented Freestone in its investment in a platform company in connection with its execution of an industry roll-up strategy.
  • Give InKind, Inc. Convertible Debt Financing
    Represented Give InKind in its convertible debt financing to enable Give InKind to expand its service to help people help others in need.
  • Harbor Wholesale Grocery Inc. Acquisition of Kent, WA Operations of Food Services of America
    Represented Harbor in its acquisition of a distribution center from Food Services of America as part of the FCC-mandated divestiture of that DC in connection with the acquisition of FSA by US Foods, Inc.
  • iFoodDecisionsSciences, Inc. Series Seed Preferred Stock Financing
    Represented iFood in its $10 million Series Seed financing. iFood develops food safety software products for the agriculture industry.
  • Tempered, Inc. Series B Preferred Stock Financing
    Represented Tempered in its $17 million Series B financing. Tempered develops solutions for secure networking.
  • Vibrant Cities, LLC Advise on Real Estate Development Financing Transactions
    Served as counsel to Vibrant in connection with its financing transactions to support its mixed-use and other commercial and residential real estate development activities.
  • Red Tricycle Inc. Sale to Tinybeans Group Limited
    Represented Red Tricycle in its sale to Tinybeans which is an Australian public company.
  • Evrnu, SPC Series A Preferred Stock Financing
    Represented Evrnu in its $10.6 million Series A financing which included impact investors from all over the world.
  • Porsche SE US Venture Investments
    Served as counsel to Porsche SE with respect to its investments in US automotive and transportation-related technologies.
  • Porsche SE Investment in Aeva SPAC/Pipe
    Represented Porsche SE with respect to its investments in Aeva, Inc.
  • Harbor Wholesale Purchase of Rich and Rhine Assets
    Represented Harbor Foods Group in its acquisition of the assets of Rich & Rhine.
  • GeoDynamics LLC Sale to NV5 Global, Inc.
    Represented GeoDynamics LLC in connection with the sale of the company to NV5 Global, Inc.
  • iFoodDecisionSciences, Inc. Series A Financing
    Represented iFood on a $15 million Series A preferred stock financing.
  • Paramount Data Management Inc. Series Seed 2 Financing
    Represented Paramount Data Management Inc. in Series Seed 2 Financing and Series Seed 1 Stock.
  • Porsche SE Investment in Seurat Bridge Financing
    Advised Porsche SE regarding follow-on investment in convertible promissory note transaction.      

Professional Experience

Graham & Dunn PC, Partner (2006-2013)

Leary Franke Droppert PLLC, Founding Partner (2000-2006)

Smith & Leary PLLC, Associate (1993-2000)
 

Community Involvement

University of Washington School of Law Entrepreneurial Law Clinic, Supervising Attorney (2017-Present)

Washington State Bar Association, Member (1993-Present)

Keiretsu Forum Northwest, Sponsor (2015-Present)

Zino Society, Sponsor (2005-2015)

Entrepreneurs’ Organization Seattle, Sponsor (2008-2013)

King County Bar Association, Community Involvement Committee, Chairman (1997-2000)

Federal Bar Association, Member (1993-2000)
 

Thought Leadership

  • August 19, 2021News
    The Best Lawyers in America© 2022 Recognizes 90 Lane Powell Attorneys
    Awards & Honors
  • May 20, 2021News
    Lane Powell Again Ranked Among Top Firms in 2021 Chambers® USA
    Awards & Honors
  • January 21, 2021Event / CLE
    Why Good Governance Attracts Good Investors
    National Association of Corporate Directors | Virtual
  • August 20, 2020News
    The Best Lawyers in America© 2021 Recognizes 92 Lane Powell Attorneys
    Awards & Honors
  • April 23, 2020 News
    Lane Powell Again Ranked Among Top Firms in 2020 Chambers® USA
    Awards & Honors
  • March 18, 2020Publication
    Will Coronavirus Make Some Contracts Unenforceable?
    COVID-19 Resource
  • August 15, 2019News
    The Best Lawyers in America© 2020 Recognizes 63 Lane Powell Attorneys
    Awards & Honors
  • June 10, 2019News
    Thirty-one Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Nine Named ‘Washington Rising Stars’
    Awards & Honors
  • April 26, 2019News
    Lane Powell Again Ranked Among Top Firms in 2019 Chambers® USA
    Awards & Honors
  • December 6, 2018Event / CLE
    Fifth Annual Startups Seminar: Celebrating the Pacific Northwest’s Startup Ecosystem
    Lane Powell Seminar | Seattle
  • August 22, 2018News
    Lane Powell Represents AI-Startup DefinedCrowd in $11.8M Series A Financing
    Client Conversations
  • August 15, 2018News
    The Best Lawyers in America© 2019 Recognizes 62 Lane Powell Attorneys
    Awards & Honors
  • June 18, 2018News
    Thirty-two Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 14 Named ‘Washington Rising Stars’
    Awards & Honors
  • December 7, 2017Event / CLE
    Fourth Annual Startups Seminar: Building for Scale
    Lane Powell Seminar | Seattle
  • June 9, 2017News
    Thirty-one Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 16 Named ‘Washington Rising Stars’
    Awards & Honors
  • December 8, 2016Event / CLE
    Third Annual Startups and Emerging Companies Seminar
    Lane Powell Seminar | Seattle
  • December 2, 2015Event / CLE
    Second Annual Startups and Emerging Companies Seminar: The Startup Journey — Idea to Exit
    Lane Powell Seminar | Seattle
  • August 21, 2015Event / CLE
    Advanced Concepts in Licensing IP and Technology
    Seminar | Seattle
  • June 12, 2015News
    Thirty-two Lane Powell Attorneys Named ‘Washington Super Lawyers’ and 11 Named as ‘Washington Rising Stars’
    Awards & Honors
  • November 5, 2014News
    Lane Powell Featured in Puget Sound Business Journal Special Insert About Dec 4 Startups and Emerging Companies Seminar
    In the News
  • June 13, 2014News
    Thirty-five Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Fifteen Named as ‘Washington Rising Stars’
    Awards & Honors
  • May 22, 2014Publication
    Reward v. Risk: Advantages and Disadvantages of Courting Strategic Investors
    Seattle Business
  • June 14, 2013News
    Thirty-Six Lane Powell Attorneys Named ‘Washington Super Lawyers’ and Sixteen Named as ‘Washington Rising Stars’
    Awards & Honors
  • Chambers USA Leading Lawyer 2021
  • W-H-BestLawyers2022

Practices & Industries

  • Corporate, Securities, and M&A
  • Startups & Emerging Companies
  • Business Dispute Resolution

Education

  • The University of Texas, J.D., 1993
  • Santa Clara University, B.A., magna cum laude, 1990
    • Phi Beta Kappa

Admission

  • Washington

Honors

Chambers® USA: America’s Leading Lawyers for Business, Corporate, Securities and M&A (2019-2021)

The Best Lawyers in America©, Mergers & Acquisitions (2019-2022)

“Washington Super Lawyer,” Thomson Reuters, Business/Corporate (2005-2019)

“League of Justice,” Washington CEO magazine (2006)

“Washington Rising Star,” Thomson Reuters (2000)

AV Preeminent® in Martindale-Hubbell® Peer Review Ratings™

“Life Member,” National Registry of Who’s Who Among Lawyers

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