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Fried, Frank, Harris, Shriver & Jacobson LLP

ONE NEW YORK PLAZA, NEW YORK, NY 10004, USA
Tel:
Work +1 212 859 8000
Fax:
Fax +1 212 859 4000
Email:
Web:
www.friedfrank.com
Frankfurt, London, New York, Paris, Washington DC

Stuart Gelfond

Tel:
Work 212-859-8272
Email:
Fried, Frank, Harris, Shriver & Jacobson LLP

Work Department

Corporate Department.

Position

Mr. Gelfond is a partner in the Corporate Department and co-head of the firm’s Capital Markets practice. He concentrates his practice on corporate finance transactions, including representation of issuers and underwriters, domestic and international high-yield, investment-grade and convertible debt offerings, acquisition financings, and IPOs. Has extensive experience serving as counsel to corporations and broker-dealers on securities, corporate governance and other regulatory issues. For over a decade, he has been actively involved in numerous offerings for business development companies and currently acts as issuer’s counsel for Goldman Sachs BDC and underwriters’ counsel for numerous BDCs. He regularly represents clients in private equity and acquisition transactions, and has been actively involved in corporate restructurings, including acting as lead counsel to ACA Capital Holdings and Sonic Automotive in their corporate reorganizations.

Career

Mr. Gelfond has been a guest lecturer at New York University's Stern School of Business, New York Law School and elsewhere on debt covenants, MD&A and accounting, and financial due diligence matters, and speaks regularly on securities law and corporate governance topics for the Practicing Law Institute and the New York City Bar. Mr. Gelfond joined Fried Frank in 1986 and became a partner in 1993.

Member

Mr. Gelfond is a member of the Securities Regulation Committee, Bar Association of the City of New York and the President of the Board of Directors, Berkshire Hills Camp.

Education

JD, New York University School of Law (1986), Order of the Coif, articles editor of Law Review; BS, magna cum laude, Wharton School of the University of Pennsylvania (finance and accounting) (1983).


United States: Finance

Capital markets: debt offerings

Within: Capital markets: debt offerings

Responsive, client-focused and highly professional’, Fried, Frank, Harris, Shriver & Jacobson LLP’s ‘high-caliber practice’ stands out for its ‘deep dedication to achieving client aims’. Department co-head and ‘very strong lawyerDaniel Bursky paired up with Mark Hayek to advise Under Armour on its $600m offering of senior notes. Bursky also acted with Andrew Barkan to assist the underwriters with multiple offerings of investment grade notes by Procter & Gamble including two offerings worth $1.7bn and $1.2bn respectively. Stuart Gelfond jointly heads the New York-based group and led the firm’s advice to Novelis, as co-counsel alongside Torys and King & Spalding LLP, in two offerings of senior notes totaling $2.6bn. Other clients include Aerie Pharmaceuticals, Extended Stay and Perrigo.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

In a significant coup, Fried, Frank, Harris, Shriver & Jacobson LLP’s growing equity practice won a lead role on the third-largest IPO in the US during 2016; a team led by capital markets co-head Daniel Bursky and up-and-coming partner Mark Hayek advised the underwriters on Athene Holding’s $1.2bn IPO. Among its company-side highlights, Andrew Barkan advised the issuer on At Home’s $130m IPO and GMS’ $147m IPO. Stuart Gelfond jointly leads the New York-based department and brings to bear a strong record in private equity matters; he advised Extended Stay America and ESH Hospitality, as issuers, and Centerbridge Partners, Paulson & Co and Blackstone, as selling stockholders, on a series of share deals, including a $258.7m secondary offering of paired shares.

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Capital markets: global offerings

Within: Capital markets: global offerings

Fried, Frank, Harris, Shriver & Jacobson LLP’s six-partner team is led by Daniel Bursky and Stuart Gelfond in New York. The firm serves as designated underwriter’s counsel for an impressive range of companies, including Procter & Gamble, Invesco, and Athene Holdings, which it is advising on its proposed upcoming IPO. Joshua Wechsler has a strong track record acting for Latin American clients, and part of a team assisting Grupo Televisa, one of Mexico’s largest corporate issuers, with its $1.2bn offering of senior investment grade notes. Another major highlight for the firm was advising Merck & Co on a €1bn bond offering. Other key partners include Andrew Barkan, Mark Hayek and Joshua Coleman.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Fried, Frank, Harris, Shriver & Jacobson LLP’s work highlights display an impressive balance of issuer and manager-side mandates, and it routinely acts across a broad range of industries for corporate issuers, private equity sponsors and all the major underwriters. Lawyers at the firm have ‘strong market knowledge’ and ‘high-level business understanding’; for example, capital markets co-head Stuart Gelfond is an ‘expert in high-yield debt matters’ and acted for Novelis, as co-counsel alongside Torys and King & Spalding LLP, in two senior notes offerings totaling $2.6bn. Gelfond also advised ESH Hospitality on its $800m add-on offering of high-yield notes. Daniel Bursky jointly leads the New York-based group and teamed up with Andrew Barkan and Joshua Coleman to act for Aleris International in its $550m offering of senior secured notes.

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