Experience

• • TPG in its acquisition of Classic Collision, a leading national collision repair multi-site operator.
  • The George Robert Rawlings Trust in the sale of the Rawlings Companies to New Mountain Capital Group L.P.
  • Five Arrows, the alternative assets arm of Rothschild & Co, and n2y in the merger of Texthelp with n2y.
  • Konica Minolta, a Japanese multinational equipment and materials manufacturer operating in the healthcare and industrial industries, in the sale of its subsidiary Invicro to Calyx, a portfolio company of CapVest and leading technology-enabled provider.
  • Clayton, Dubilier & Rice in its acquisition, together with Stone Point Capital, of Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, at an enterprise value of $15.5 billion.
  • Artera Services and Clayton, Dubilier & Rice in the $2 billion comprehensive refinancing for Artera.
  • Banner Ridge Partners in Investcorp’s Strategic Capital Group growth investment in Banner Ridge.
  • CPP Investments in a structured liquidity transaction, partially divesting a portfolio of energy funds, with initial gross proceeds of approximately $860 million.
  • The Special Committee of SiriusXM in its agreement to combine SiriusXM with Liberty Media’s Liberty SiriusXM tracking stock group to create New SiriusXM, a new public company.
  • Hamilton Lane as lead investor in the formation of MiddleGround Capital’s $440 million MiddleGround Carbon CV, L.P. fund.
  • Hamilton Lane as a co-lead investor in a single-asset secondary transaction completed by Vance Street Capital LLC, to extend Vance Street’s partnership with Jet Parts Engineering.
  • Kelso & Company in the formation of Kelso Investment Associates XI Fund, a $3.25 billion fund.
  • Kelso & Company and its portfolio company, BradyIFS, in the merger of BradyIFS and Envoy Solutions, which includes a new strategic and financial partnership with Warburg Pincus and its affiliate funds.
  • TPG Growth in its acquisition of a majority stake in Crowe Healthcare Consulting, establishing it as an independent entity.
  • Swiss Re in a strategic partnership with Resolution Life in support of its transaction with Farmers New World Life Insurance Company.
  • Kelso & Company in its investment in Valenz.
  • Morgan Stanley, Barclays, HSBC and Wells Fargo Securities, as representatives of the underwriters, in the public offering of $750 million aggregate principal amount of Tier 3 5.750% Senior Notes by RenaissanceRe due 2033.
  • Morgan Stanley and Goldman Sachs, as representatives of the underwriters, in the offering and sale of $1.4 billion of common shares by RenaissanceRe Holdings Ltd.
  • Bregal Sagemount in its strategic growth investment in Neptune Flood Incorporated, a leading digital insurtech platform and private flood insurance provider.
  • Five Arrows, the alternative assets arm of Rothschild & Co., in its acquisition of a majority stake in n2y, a provider of comprehensive, SaaS-based solutions for students with unique learning challenges.
  • Prudential Financial in the acquisition of a majority interest in Deerpath Capital Management and its associated affiliates by PGIM, the $1.2 trillion global investment management business of Prudential.
  • TPG in its acquisition of a majority interest in OneOncology, a network of leading oncology practices, in a transaction valued at $2.1 billion.
  • StanCorp Financial Group in its acquisition of the Life & Disability business from Elevance Health.
  • Brigade Capital Management, the second largest holder of secured debt issued by Avaya, in Avaya’s pre-packaged chapter 11 bankruptcy proceeding.
  • Kelso & Company in its investment in Pathstone, an independently operated, partner-owned advisory firm offering comprehensive family office services.
  • EIG in the establishment of a fund to purchase a portion of the upstream assets from a public oil company.
  • Gentiva, a Clayton, Dubilier & Rice portfolio company and leading hospice, palliative, and personal care company, in its acquisition of Heartland hospice and home care.
  • Brookfield Reinsurance in its acquisition of Argo in a transaction valued at approximately $1.1 billion.
  • Inovar Packaging Group in its acquisition of Cimarron Label and Western Printing, a label printing provider.
  • M&T Bank Corporation in the sale of its Collective Investment Trust business to Madison Dearborn Partners.
  • Clayton, Dubilier & Rice in its acquisition, together with Greenbriar Equity Group, of Paradigm Precision and Whitcraft Group and the merger of the two companies.
  • Transdev, a global provider of mobility services, in its acquisition of FirstTransit, an EQT Infrastructure portfolio company.
  • Kelso & Company in its strategic investment in WilliamsMarston, a leader in complex accounting, tax and valuation advisory services.
  • Clayton, Dubilier & Rice in the financing aspects of its $5.8 billion acquisition of Cornerstone Buildings Brands, the largest manufacturer of exterior buildings products in North America.
  • Spirit Airlines in its sale, later terminated, to JetBlue for $3.8 billion.
  • A global asset management firm in the purchase of 8% Exchangeable Senior Secured Notes issued by Avaya, a global leader in digital communications products, solutions and services.
  • Oak HC/FT in the formation of Oak HC/FT Fund V, a $1.94 billion fund investing in healthcare and financial services sectors.
  • Stone Point Capital in the formation of Trident IX, a more than $9 billion financial services buyout fund.
  • CPP Investments as an investor in a single-asset continuation fund established by GHO Capital Partners, created to hold existing portfolio company Validant, a leading international provider of quality, compliance and regulatory affairs consulting to Biotech, Pharma and MedTech companies.
  • Kelso & Company and its portfolio company, Eagle Family Foods Group, in their acquisition of General Mills’ Helper main meals and Suddenly Salad side dishes businesses, in a transaction valued at approximately $610 million.
  • Kelso & Company in its acquisition of a majority interest in Inovar Packaging Group, a full-service provider of pressure sensitive labels, shrink sleeves and flexibles for a wide range of industries.
  • Temasek in the establishment of Decarbonization Partners, an investment partnership with BlackRock.
  • Breakthrough Properties in the formation of Breakthrough Life Science Property Fund, a $3 billion life science real estate property investment program.
  • Total Financial Solutions (d/b/a Total Bank Solutions) in its merger with Reich & Tang Deposit Networks.
  • Global Atlantic, a retirement and life insurance company, in its recapitalization of Drawbridge Realty’s $1.7 billion portfolio of office properties.
  • Mizuho, a leading global bank, in its acquisition of Capstone Partners, a leading middle-market placement agent.
  • Canaccord Genuity Group, an independent, full-service financial services firm, in its acquisition of Sawaya Partners, an independent M&A advisory firm.
  • Consilio, a Stone Point Capital portfolio company, in its acquisition of Legility, a global legal services provider.
  • Paradigm in the formation of Paradigm One, a $2.5 billion crypto venture fund, which will invest in the next generation of crypto companies and protocols across all stages and geographies.
  • Kelso & Company in its acquisition of a majority interest in ReSource Pro, a market leader in business process solutions for the P&C insurance industry.
  • PJSC Polyus in its issuance and placement of new ordinary shares by way of closed subscription for approximately $81 million.
  • Clayton, Dubilier & Rice in its acquisition of PwC’s Global Mobility Tax and Immigration Services practice, the global leader in employee tax, immigration, business travel, cross-border managed services, and payroll solutions to multinational organizations and their employees.
  • James River, an insurance holding company, in its $345.1 million loss portfolio transfer reinsurance transaction with Aleka Insurance, under which Aleka will reinsure all of James River’s commercial auto policies related to Uber’s ridesharing business.
  • Consilio in its acquisition of the Adecco Group’s legal consulting and eDiscovery Business Units.
  • Pactiv Evergreen in its $380 million acquisition of Fabri-Kal, a U.S. manufacturer of foodservice and custom thermoformed plastic packaging solutions.
  • Lone Wolf, a Stone Point Capital portfolio company, in its acquisition of Propertybase, a leading global real estate and mortgage software company.
  • Life and Specialty Ventures in its collaboration with Cambia Health Solutions, including its acquisition of LifeMap, the reinsurance and administration of Cambia dental insurance policies, and Cambia’s acquisition of an equity stake in Life and Specialty Ventures.
  • PGIM in its acquisition of Montana Capital Partners, a European-based private equity secondaries asset manager.
  • Canada Pension Plan Investment Board in its joint venture with Greystar Real Estate Partners to pursue life science real estate development opportunities in leading U.S. life science markets.
  • NLMK in its €500 million Eurobond offering of 1.45% notes due 2026 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $470.6 million.
  • Kelso & Company in its acquisition of a majority interest in C.L. Smith and its combination of C.L. Smith with Inmark.
  • Artera, a Clayton, Dubilier & Rice portfolio company and one of the nation’s largest providers of integrated infrastructure services to natural gas and electric industries, in its acquisition of Feeney Utility Services Group.
  • Electrical Components International, a Cerberus Capital Management portfolio company and leading wire harness, electrical components, and sub-assembly supplier for the diversified industrial markets, in its acquisition of Omni Connection International.
  • The largest investor in a $190 million concentrated portfolio continuation fund sponsored by a U.S. mid-market buyout firm.
  • Spirit Airlines in its common stock offering of over 10.5 million shares, $500 million aggregate principal amount of new convertible notes offering 1.00% convertible senior notes due 2026, $146.8 million repurchase of its existing 4.75% existing convertible senior notes due 2025 and redemption of $340 million of its existing 8.00% senior secured notes due 2025.
  • Stone Point Capital in its investment in the combination of Consilio and Xact Data Discovery.
  • Kelso & Company in its acquisition of Ferraro Foods, a specialty foodservice distributor.
  • HarbourVest Partners as a co-lead investor in a continuation fund sponsored by Arclight Capital Partners for a single energy asset, an interest in the 192MW Sidney Murray Hydroelectric Project.
  • One Rock Capital Partners in the formation of One Rock Capital Partners III, a $2 billion U.S. buyout fund.
  • GoDaddy in its acquisition of the .club domain extension.
  • J.P. Morgan Asset Management in a joint venture with Realterm Logistics to acquire a 53-property portfolio of last-mile logistic facilities located in 21 states across the U.S.
  • Third Point in the refinancing of a luxury resort located in the Dominican Republic.
  • Kelso & Company in its investment in Inmark.
  • Individual FoodService, a Kelso & Company portfolio company, in its merger with Brady Industries.
  • Kelso & Company and US LBM in Bain Capital Private Equity’s acquisition of a majority interest in US LBM.
  • Ardian and Pantheon as co-lead investors in a €1.2 billion annex fund, sponsored by Antin Infrastructure Partners, to buy minority stakes in four assets held by Antin’s 2016-vintage Fund III.
  • Kelso & Company, as part of a consortium with Arch Capital Group and Warburg Pincus, in the $700 million acquisition of Watford Holdings, a global property and casualty insurance and reinsurance company.
  • Stone Point Capital in its investment in Lone Wolf Technologies, the North American leader in residential real estate software.
  • JetBlue in its $808 million 2020-1 EETC offering and $116 million 2019-1B EETC offering.
  • Steven Cohen and Cohen Private Ventures in the $2.4 billion acquisition of the Mets.
  • Gogo, the leading inflight Internet company, in the successful sale of its commercial aviation business to Intelsat, which was in Chapter 11 at the time of the transaction, for $400 million.
  • Oak HC/FT in the formation of Oak HC/FT Partners IV, a $1.4 billion U.S. venture fund investing in healthcare and financial services sectors.
  • Alaska Airlines and Horizon Air Industries in their $1.17 billion inaugural EETC offering.
  • Clayton, Dubilier & Rice in its $4.7 billion acquisition of Epicor Software, a global provider of cloud-based, industry-specific Enterprise Resource Planning software to industrial-focused sectors.
  • Artera, a Clayton, Dubilier & Rice portfolio company and one of the nation’s largest providers of integrated infrastructure services to natural gas and electric industries, in its acquisition of Otis Eastern Service.
  • Warner Music Group in its initial public offering of 77 million shares of Class A common stock at a public offering price of $25.00 per share, representing an approximately $1.925 billion offering.
  • GoDaddy in its acquisition of Neustar’s Registry business, a registry technology platform that includes an extensive portfolio of top-level domains.
  • Stone Point Capital in its acquisition of Safe-Guard.
  • BMO in its acquisition of Clearpool Group, a provider of holistic electronic trading solutions.
  • J.P. Morgan Asset Management as adviser to an institutional investor in the formation of two joint ventures with JBG SMITH Properties in the development of the Potomac Yard Innovation District in Alexandria, VA.
  • Resolution Life, a global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, in its $1.25 billion acquisition of Voya Financial’s individual life in-force business.
  • Emergent Cold Storage, an Elliott Management portfolio company, in its sale to Lineage Logistics, the world’s largest refrigerated-storage company by space.
  • Risk Strategies, a Kelso & Company portfolio company, in its acquisition of two of Gowrie Holdings subsidiaries, Maritime Program Group and Gowrie Group.
  • Reynolds Group and Closure Systems International (CSI) in their sale of CSI businesses and facilities to Cerberus Capital Management.
  • Kelso & Company in its acquisition of a majority equity interest in Individual FoodService from Sole Source Capital.
  • Amazon as strategic partner to Yankee Global Enterprises in the acquisition of the YES Network from The Walt Disney Company at a total enterprise value of $3.47 billion.
  • One Rock Capital Partners in its acquisition of the Engineered Components and Systems segment of Actuant Corporation.
  • Elliott Management in its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the U.S.
  • Kelso & Company in its acquisition of J.S. Held, a global consulting firm focused on high value insurance claims and construction-related matters.
  • SouthernCarlson in its sale to Kyocera Corporation.
  • Sirius Computer Solutions, a leading IT solutions integrator, and its majority owner, Kelso & Company, in the sale of a majority equity interest in Sirius to Clayton, Dubilier & Rice.
  • Delta Air Lines in its $500 million offering of enhanced equipment trust certificates (“EETC”) secured by two Airbus A220-100 aircraft, six Airbus A321-200 aircraft, four Boeing 737-900ER aircraft and two Airbus A350-900 aircraft, in two non-amortizing tranches, the first EETC offering by a major U.S. airline to include Airbus A220 aircraft as collateral.
  • Elliott Management in a $450 million equity rights offering of Roadrunner Transportation Systems, resulting in Elliott acquiring 90% of Roadrunner.
  • Risk Strategies, a Kelso & Company portfolio company, in its acquisition of Krauter & Company, a leading specialty firm focused on the risk and insurance needs of private equity firms and their portfolio companies nationwide.
  • Citizens Financial in its agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based M&A advisory firm.
  • Canaccord Genuity Group on its acquisition of Petsky Prunier, a preeminent boutique M&A advisory firm.
  • KeyBank in its acquisition of Laurel Road’s affinity-focused digital lending business.
  • 4Refuel and its equityholders, including Kelso & Company and Penske Truck Leasing, in the sale of 4Refuel, the leading mobile on-site refueling company in Canada, to Finning International.
  • Quarton International, an independent U.S. and European M&A advisory firm, in its sale to Cowen.
  • Tishman Speyer in the formation of Tishman Speyer European Real Estate Venture Fund VIII, a €750 million Europe real estate fund.
  • Kelso & Company in its sale of PowerTeam Services to Clayton, Dubilier & Rice.
  • Risk Strategies, a Kelso & Company portfolio company, in its acquisition of Oxford Risk Management, an established leader in alternative risk and captive insurance and consulting.
  • Citizens Financial in its acquisition of Franklin American Mortgage.
  • A Japanese utility as a member of an investor group in the group’s acquisition of majority ownership interests in Kleen Energy Systems, LLC, which operates a 620-megawatt natural gas-fired power plant located in Middletown, Connecticut. As part of the transaction, an affiliate of Ares EIF will manage the Kleen Energy power plant on behalf of the investor group.
  • Pitney Bowes in the sale of its global production mail business to Platinum Equity.
  • Cerberus Capital Management in its acquisition of Electrical Components International, the world’s leading manufacturer of wire harnesses, control boxes and value-added assembly services, from KPS Capital Partners.
  • Principal Financial Group in the offer and sale of $400 million P-Caps of High Street Funding Trust I Redeemable 2028.
  • Cerberus Capital Management in its acquisition of Cyanco International, the largest global producer of sodium cyanide.
  • PJSC Polyus and its indirect subsidiary Polyus Finance in the issue of $250 million senior bonds convertible into global depositary receipts representing ordinary shares of PJSC Polyus.
  • PJSC Polyus and its indirect subsidiary Polyus Finance in the $500 million Eurobond offering of 4.70% guaranteed notes due 2024.
  • HarbourVest Partners in its role as a lead investor in the restructuring of Eos Capital Partners III and Eos Capital Partners IV.
  • Kelso & Company in its equity investment in Zenith Energy U.S.
  • EIG in the formation of a joint venture with FS Investments to manage the $4 billion FS Energy and Power Fund.
  • Cornell Capital as a lead investor in the $2.05 billion acquisition of Talcott Resolution, The Hartford’s run-off life and annuity businesses.
  • CVC Capital Partners in its investment in Republic Finance, a consumer loan provider.
  • Bedrock Insurance in its proposed acquisition of Ashmere Insurance, a workers’ compensation specialty insurance company. (Terminated)
  • Eagle Foods, a Kelso & Company portfolio company, in its acquisition of Popcorn, Indiana, a maker of ready-to-eat popcorn products.
  • NLMK in its $500 million Eurobond offering of 4% notes due 2024, and a related tender offer for outstanding notes due 2018 and 2019 for the aggregate principal amount of $317 million.
  • A U.S. private equity fund in a complex GP fund restructuring involving the establishment of a new fund to acquire assets.
  • PJSC Polyus in a public offering of shares and depositary receipts pursuant to Regulation S/Rule 144A and listing of depositary receipts on the LSE.
  • Paraline Group and ICAT in the sale of ICAT to the Schinnerer Group, a subsidiary of Marsh & McLennan Companies.
  • Kelso & Company in its investment in Oasis Outsourcing, the nation's largest privately held professional employer organization.
  • Elliott Management in its $540 million redeemable preferred stock investment in Roadrunner Transportation Systems, a leading asset-right transportation and asset-light logistics service provider.
  • Citizens Financial in its acquisition of Western Reserve Partners, a merger and acquisition advisory firm.
  • Rockwood Capital in the formation of Rockwood Capital Real Estate Partners Fund X, a $1.1 billion U.S. real estate fund.
  • Prudential Capital Partners in the formation of Prudential Capital Partners V, a $1.825 billion North America mezzanine fund.
  • Kelso & Company in its investment in Premia Holdings, a newly-formed property and casualty insurance and reinsurance group focused on providing runoff solutions.
  • Warner Music Group in a two–part refinancing transaction, including its offer and sale of $250 million 4.875% dollar-denominated senior secured notes due 2024 and an offering of €345 million 4.125% euro-denominated senior secured notes due 2024 and the retirement of $450 million of outstanding dollar-denominated senior notes and €157 million of euro-denominated senior notes.
  • Reynolds Group Holdings in the issuance of $2.1 billion senior secured fixed and floating rate notes and $800 million senior notes.
  • Kelso & Company in its acquisition of the J.M. Smucker Company’s U.S. canned milk brands and operations.
  • Kelso & Company in its acquisition of Risk Strategies Company, a national insurance and benefits brokerage and risk management firm, from Kohlberg & Company.
  • Fifth Third Bank in the sale of its Pennsylvania branch presence to First National Bank of Pennsylvania, and the sale of its Missouri branch presence to Great Southern Bank.
  • Kelso & Company in its acquisition of Sirius Computer Solutions, a leading national IT solutions integrator.
  • Spirit Airlines in its $576.6 million offering of EETCs secured by 15 Airbus aircraft, which was Spirit Airlines’ inaugural EETC offering.
  • Kelso & Company in its acquisition of US LBM Holdings, a building products distributor, from BlackEagle Partners.
  • UCI in the $257 million sale of its Wells vehicle electronics business to NGK Spark Plug Co.
  • Marquis Energy in securing a $228 million loan from AgCountry Farm Credit Services, including a construction loan, term loan, revolver and refinancing of existing indebtedness.
  • Tenaska Power Fund II in its $1.6 billion term loan to repay acquisition and project-level debt at seven electric generating facilities in the U.S. plus additional construction and term loan facilities, a transaction awarded the IJGlobal “2014 North American Portfolio Deal of the Year” award.
  • MBIA in its sale of Cutwater Asset Management, an investment management company with $23 billion in assets under management, to BNY Mellon.
  • J.P. Morgan Asset Management in a $1.5 billion equity transaction with national retail real estate investment company Edens Investment Trust.
  • PSAV, a Kelso & Company portfolio company, in its acquisition by affiliates of Goldman Sachs.
  • Kelso & Company in its acquisition of PowerTeam Services, a provider of infrastructure services to the gas and electric utility industry.
  • Warner Music Group in its $765 million acquisition of the Parlophone Label Group from Universal Music Group.
  • Kelso & Company in its all-cash offer for EACOM Timber Corporation.
  • Kelso & Company in its acquisition of Power Holdings, comprised of sister companies T&D Solutions and Associated Diversified Services, which offers a full range of outsourced maintenance and construction services to the electric utility industry, from Huntsman Gay.
  • Cunningham Lindsey in its recapitalization by CVC Capital Partners.
  • Reynolds Group in its $3.25 billion offering of 5.75% senior secured notes due 2020, at the time the third-largest single-tranche issue on record in the high-yield market and the largest issue since 2008.
  • Clayton, Dubilier & Rice in its $1.05 billion acquisition of David's Bridal.
  • Stone Point Capital in the formation of a partnership with KKR to establish KKR - SPC Merchant Advisors, a provider of capital markets services to mid-market and sponsor-backed companies.
  • Access Industries, as part of a consortium with Apollo Global Management and Riverstone Holdings, in its $7.2 billion acquisition of the oil and gas exploration and production assets of El Paso, which were sold in connection with Kinder Morgan's $38 billion acquisition of El Paso.
  • Oceana Therapeutics in its sale to Salix Pharmaceuticals.
  • J.P. Morgan Asset Management in its joint venture acquisition and financing, and in a subsequent refinancing, of 200 Fifth Avenue in New York City.
  • Access Industries in its $3.3 billion acquisition of Warner Music Group.
  • Cunningham Lindsey in its acquisition of GAB Robins North America's U.S. loss adjusting business.
  • Prudential Financial in its formation of Prudential Capital Partners IV, a $1 billion mezzanine fund.
  • Carlyle in its formation of a $1 billion fund for investments in Brazil and South America.