Experience

• • Elliott Management, in formulating and negotiating corporate governance and other rights in the equitization of Elliott’s debt in the restructuring of Windstream, Inc.
  • Brigade Capital Management, the largest creditor of Guitar Center, in the company’s recapitalization through a prepackaged Chapter 11 case, resulting in affiliates of Brigade, together with affiliates of Ares and Carlyle, controlling Guitar Center and eliminating $800 million in Guitar Center debt.
  • Standard General in its highly publicized distressed investment in clothing manufacturer and distributor American Apparel. Debevoise also represented Standard General in American Apparel’s pre-arranged Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware, and in its second Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware and its insolvency proceedings in the UK.
  • EIG, Carlyle and its affiliate Hamilton Holdings in mezzanine debt investments in several combined-cycle gas fired power plants owned by the Panda Group, in potential capital structure alternatives for the Panda investments.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a majority stake in the industrial businesses of Roper Technologies, which operates market-leading businesses that design and develop vertical software and application-specific products, in a transaction valued at $3.7 billion.
  • Constellation, backed by institutional investors Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan Board, in the financing aspects of its acquisition of and $500 million capital contribution to Ohio National, as part of Ohio National’s demutualization process.
  • Discovery, Inc. in the offering of $30 billion of senior unsecured notes in the acquisition of WarnerMedia.
  • AXAR Capital Management LP in a purchase agreement for the acquisition of Pavonia Life Insurance Company of Michigan from Global Bankers Insurance Group.
  • CPPIB Credit Investments, a wholly-owned subsidiary of Canada Pension Plan Investment Board, and OMERS, the defined benefit pension plan for Ontario’s municipal sector employees, in separate investments totaling $900 million in Odyssey Group, a U.S. based reinsurance and insurance subsidiary of Fairfax.
  • H.I.G. Capital, a leading global alternative investment firm with over $45 billion of equity capital under management, in the financing aspects of its acquisition of a majority stake in Grupo Ransa, a leading third party logistics operator in the Andean Region and Central America.
  • Carlyle in the financing aspects of its strategic growth investment and acquisition of a majority stake in Saama, a leading AI-driven intelligent clinical cloud company that enables the life sciences industry to conduct faster and safer clinical developments and regulatory programs, valuing the company at up to $430 million.
  • Prudential in the financing aspects of its sale of its retirement plan business to Empower for a total transaction value of $3.55 billion.
  • Discovery, Inc. in the financing aspects of the acquisition of WarnerMedia from AT&T in a Reverse Morris Trust transaction that values the combined entity at approximately $130 billion.
  • A global bank in an asset-backed facility for a private equity fund focused on travel and leisure.
  • A U.S. direct lending fund in its $225 million second lien financing as part of the dividend recapitalization by a global private equity firm of its portfolio company, which is the largest car wash operator in the U.S.
  • A U.S. direct lender in its $115 million refinancing of the existing debt of a global private equity firm’s portfolio company, which is a leading manufacturer and supplier of sliding systems and healthcare ergonomics products.
  • Prudential Financial in the financing aspects of its $2.35 billion acquisition of Assurance IQ.
  • Amazon as strategic partner to Yankee Global Enterprises in the financing aspects of the acquisition of the YES Network from The Walt Disney Company at a total enterprise value of $3.47 billion.
  • Elliott Management in the financing aspects of its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the U.S.
  • Risk Strategies, a Kelso & Company portfolio company, in the financing aspects of 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.
  • Atlas Merchant Capital in the financing aspects of its investment in Ascensus, the largest independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States.
  • SunSource, a Clayton, Dubilier & Rice portfolio company, in the financing aspects of its acquisition of United Distribution Group, one of the largest distributors of industrial components and assemblies in North America.
  • Standard General in its contested stalking-horse bid to acquire certain RadioShack assets through chapter 11, and thereafter as equity holder and significant creditor in a follow-on restructuring, including multiple related financing transactions and litigation.
  • Clayton, Dubilier & Rice in its $500 million preferred stock investment in Beacon Roofing Supply’s $2.625 billion acquisition of Allied Building Products.
  • Discovery, Inc. in the financing aspects of its $14.6 billion acquisition of Scripps Networks Interactive.
  • 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.
  • Resolute Investment Managers, a Kelso & Company portfolio company, in financing its acquisition of a controlling interest of Shapiro Capital Management, an institutional-quality, value-oriented investment adviser.
  • Kelso & Company in its investment in Premia Holdings, a newly-formed property and casualty insurance and reinsurance group focused on providing runoff solutions.
  • High Ridge Brands, a leading personal care consumer products company and a Clayton, Dubilier & Rice portfolio company, in the financing aspects of its acquisition of Dr. Fresh.
  • Providence Service Corporation in a strategic partnership with Frazier Healthcare Partners in Matrix Medical Network.
  • Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, in the financing aspects of its acquisition of Mesirow Insurance Services.
  • Clayton, Dubilier & Rice in the financing aspects of its $415 million acquisition of High Ridge Brands, the largest North American consolidation platform focused on acquiring orphaned personal care brands, from Brynwood Partners.
  • Kelso & Company in the financing aspects of its acquisition of Risk Strategies Company, a national insurance and benefits brokerage and risk management firm, from Kohlberg & Company.
  • Stone Point Capital in a $1.34 billion senior secured term loan facility, $200 million senior secured revolving credit facility and $535 million offering of senior notes in connection with Stone Point’s significant equity investment in Alliant Insurance Services.
  • Roofing Supply Group, a Clayton, Dubilier & Rice portfolio company, in its $1.1 billion sale to Beacon Roofing Supply.
  • Independent Committee of the Board of Directors of Martha Stewart Living Omnimedia in its $365 million sale to Sequential Brands.
  • Kelso & Company in the financing aspects of its acquisition with Estancia Capital Management of American Beacon.
  • Standard General in its acquisition of RadioShack’s asset based credit facility from GE Capital in a transaction expected to result in ownership of not less than 50% of the company's equity securities.
  • Oaktree Capital Management in various mezzanine financings.
  • Alliance Laundry in the financing aspects of its acquisition of Primus Laundry Equipment Group.
  • Clayton, Dubilier & Rice in the financing aspects of its €1.2 billion acquisition of Mauser Group, one of the world’s leading industrial packaging companies.
  • Hertz in the financing aspects of its $2.5 billion spin-off of its equipment and rental business.
  • TruGreen in its spin-off from ServiceMaster.
  • The Special Committee of the Board of Directors of Dell in the financing aspects of the $24.9 billion sale of Dell to an investor group including Michael Dell and Silver Lake.
  • Hertz Global Holdings in its $1.3 billion initial public offering of common stock.
  • Hertz in the $1.4 billion refinancing of its existing senior secured credit facilities.
  • Clayton, Dubilier & Rice in the financing aspects of its investments in NCI Buildings Systems.