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Schulte Roth & Zabel LLP

919 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 756 2000
Fax:
Fax +1 212 593 5955
Email:
Web:
www.srz.com
London, New York, Washington DC

United States

Real estate
Real estate - ranked: tier 4

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP's practice provides advice on issues such as development, finance, sales, acquisitions, joint ventures and real estate restructurings. Team head Jeffrey Lenobel has been advising Oxford Properties Group on its joint venture with The Related Companies to lease and develop the $15bn Hudson Yards project in New York, which opens in March 2019, while Julian Wise has been leading the firm's team advising Cerberus Capital Management on its affiliate’s acquisition of assets of Club Exploria Resorts. The firm advised Albertsons and an investor group led by Cerberus on Albertsons' $9.2bn merger with Safeway in 2015 and has since continued to act for the supermarket chain in connection with credit facilities aggregating billions of dollars. Bruce Cybul focuses on advising major financial institutions and private equity, hedge and opportunity funds in their real estate transactional, capital markets and securitization matters. All named attorneys are based in New York.

Next generation lawyers

Seth Henslovitz - Schulte Roth & Zabel LLP

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United States: Dispute resolution

Corporate investigations and white-collar criminal defense
Corporate investigations and white-collar criminal defense - ranked: tier 5

Schulte Roth & Zabel LLP

Corporate investigations and white-collar criminal defense: advice to individuals - ranked: tier 3

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP's team is jointly chaired by Washington DC's Peter White and Adam Hoffinger and New York-based Barry Bohrer. Demonstrating the group's strength with individual clients, Bohrer represented Joseph Percoco, former aide and campaign manager to Governor Andrew Cuomo, in an investigation into allegations of improper lobbying and conflicts of interest, a case in which the client was cleared of three of the six counts after a jury trial. In anther matter, Douglas Koff and Craig Warkol in New York are representing Jun Ying, the former CIO of Equifax, in two separate insider trading cases brought by the SEC and the US Attorney's Office for the Northern District of Georgia.

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General commercial disputes
General commercial disputes - ranked: tier 5

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP has established itself as a go-to firm for shareholder activism litigation, and it is also equipped to handle a range of commercial disputes. Its deep expertise in the private equity sector is another distinguishing feature. In one recent case, Michael Swartz successfully represented Trian Fund Management in a proxy contest to elect its CEO and founding partner Nelson Peltz to Procter & Gamble's board of directors. Taleah Jennings’ experience spans employment, securities and trusts and estates litigation, and Robert Ward has a mixed commercial and securities litigation practice. ACTL fellow Peter White co-chairs the department alongside Swartz.

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Securities litigation - defense
Securities litigation - defense - ranked: tier 4

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP has securities litigators in its New York and Washington DC offices and is 'one of the leading firms in the representation of asset managers'. Michael Swartz in New York and Peter White in DC lead the practice. Swartz helped Trian Fund Management win a hard fought proxy contest with Procter & Gamble, which resulted in Trian's CEO being elected to the company's board. Douglas Koff in New York acted for the former CIO of Equifax in two separate criminal insider trading cases brought by the SEC and the US Attorney’s Office in the Northern District of Georgia, which alleged insider trading related to a massive data breach the company suffered in 2017. Among the other recommended partners are regulatory specialists Gary Stein and Martin Perschetz in New York and DC-based partner Howard Schiffman.

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United States: Finance

Financial services regulation
Financial services regulation - ranked: tier 5

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP provides an 'outstanding level of service' to a myriad of participants seeking regulatory advice in the context of banking, payments and trading matters, in particular. Spearheaded by the 'excellent' Joseph Vitale, the team excels at matters at the intersection of the bank regulatory and asset management spheres, and is noted for its 'excellent work for private equity and hedge funds on their banking investments'. Vitale continues to handle a significant amount of bank investment work for Cerberus Capital Management, including recently advising it (as the lead in a private equity consortium) on the acquisition of German bank, HSH Nordbank. He is also extremely well versed on Volcker Rule issues and recently assisted Credit Suisse with the restructuring of its Systemic Market-Making Group in order to fit within certain exemptions of the rule. Praised for his 'understanding, not only of the law but also the regulators', Donald Mosher leads the firm's efforts on the payments regulatory front, from both a standalone advisory perspective and in relation to M&A in the sector. Mosher has advised Ant Financial on several transactions, including its proposed acquisition of MoneyGram. Julian Rainero and Craig Warkol co-chair the firm's broker-dealer regulatory practice and are key members of the financial services regulatory team, which also includes AML and OFAC expert Betty Santangelo. All named attorneys are based in New York.

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Structured finance: securitization
Structured finance: securitization - ranked: tier 3

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP acts for a host of prolific asset managers in addition to a number of prominent arrangers in CLOs, secured financings and linked-note transactions. The structured finance and derivatives practice is jointly headed by Paul Watterson, Craig Stein and Boris Ziser, who, among the three of them, have upwards of 90 years of combined experience in complex structured finance transactions. Another contact is Daniel Oshinsky, who specializes in liquidity facility agreements and structured credit. In the CLO space, significant manager clients have included PGIM, Cerebus Capital Management, Fortress Investment Group and GoldenTree Asset Management.

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United States: Investment fund formation and management

Alternative/hedge funds
Alternative/hedge funds - ranked: tier 1

Schulte Roth & Zabel LLP

Housing 'a very proactive team', Schulte Roth & Zabel LLP's hedge fund practice reports an increase in fund formation work involving digital assets and cryptocurrencies. In an example, Stephanie Breslow and regulatory expert Marc Elovitz are advising Pantera Capital Management on structuring several funds investing in the cryptocurrency and digital space, including Pantera Digital Asset Fund. The firm is also noted for its strength in assisting managers with distressed assets, activist funds and long-short equity funds. The client roster includes Perella Weinberg Partners, Cerberus Capital Management, Elliott Management Corporation and the Blackstone Group. On the regulatory side, Elovitz and Brian Daly are well known for handling SEC investigations. David Efron is 'innovative, creative, and practical', with other notable names including Jason Kaplan, David Nissenbaum, Daniel Hunter and Jennifer Dunn. All named attorneys are based in New York. 

Leading lawyers

David Efron - Schulte Roth & Zabel LLP

Stephanie Breslow - Schulte Roth & Zabel LLP

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Private equity funds (including venture capital)
Private equity funds (including venture capital) - ranked: tier 3

Schulte Roth & Zabel LLP

Based in New York, Schulte Roth & Zabel LLP's 'very experienced, pragmatic, responsive and business-oriented' team is well known for its expertise in real estate funds, and also handles more exotic mandates in the technology sphere. Marc Elovitz and Stephanie Breslow, who has an excellent reputation for hedge fund work, continue to advise Pantera Capital Management on forming funds investing in digital assets. Joseph Smith (noted for his 'great energy') is advising Hemisferio Sul Investimentos, a private equity firm focusing on the real estate market in Brazil, on the formation of HSI Special Opportunities II, which has a $400m target. Jason Kaplan advised Cerberus on raising $4bn for its' sixth flagship multi-strategy fund, Cerberus Institutional Partners VI. Other notable names include David Nissenbaum, Phyllis Schwartz and Omoz Osayimwese.

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United States: M&A/corporate and commercial

M&A: middle-market ($500m-999m)
M&A: middle-market ($500m-999m) - ranked: tier 2

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP's 'excellent, talented M&A lawyers can handle the most sophisticated and complicated transactions'. The practice fields cross-disciplinary teams that are widely respected for their assistance on private equity and investment manager M&A, as well as for transactions for the portfolio companies of private equity clients. The team advised Veritas Capital and its affiliates on their acquisition of the US public sector business of PricewaterhouseCoopers, which helps governments solve complex business problems, improve processes and manage risk; and acted for Pamplona Capital Management in its sale of BBB Industries, a supplier of re-manufactured automotive replacement parts, to Genstar Capital. Other highlights included the team's advice to Cerberus Capital Management, an American private equity firm that specializes in distressed investing, on its purchase of a significant minority stake in HSH Nordbank, a northern European commercial bank; and its assistance to Marlin Equity Partners with its sale of OnX Enterprise Solutions, a provider of technology services and solutions, to telecoms company Cincinnati Bell. Stuart Freedman and Richard Presutti co-chair the firm's M&A and securities group; Freedman advises well-known money managers on acquisitions and control and non-control investments, including in relation to companies engaged in financial restructurings. Presutti is also chair of the investment management M&A practice and is highly rated for private equity, M&A, LBOs and alternative asset management transactional matters. Other key practitioners are Michael Gilligan, Peter Jonathan Halasz and Robert Loper. All attorneys named above are in New York.

Leading lawyers

Richard Presutti - Schulte Roth & Zabel LLP

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Shareholder activism: advice to boards
Shareholder activism: advice to shareholders - ranked: tier 1

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP is 'truly one of the top firms for shareholder activism; the best in the breed if litigation support is required'. Marc Weingarten ('the dean of the activism practice - smart, seasoned and has been through all aspects of activist investing') and the 'hardworking and creative' Aneliya Crawford advised Trian Fund Management on its successful campaign to appoint the manager's co-founder Ed Garden to the board of General Electric. Weingarten and Eleazer Klein ('whip-smart with quite a sense of humor; he helps his clients make thoughtful strategic decisions') advised JANA Partners on a successful campaign for board seats at Bristol-Myers Squibb. Klein also advised Cevian Capital on several campaigns in the manager's native Sweden, including initiatives at Ericsson and ABB. Further international contests include acting for Burford Capital Investment Management regarding its stake in Chinese car rental company eHi Car Services, and advising TCI Fund Management on a campaign to liquidate Altbaba, an investment company based on former internet giant Yahoo!'s stake in Alibaba. Other clients include Fir Tree Partners and SailingStone Capital Partners, which the team worked with on numerous campaigns in the energy space, and Canyon Capital Advisors, which Klein advised on a proxy contest at Navient Corporation. In addition to work for activist funds, Weingarten and Crawford advised Sports Direct on its campaign at Iconix Brand Group, securing two board seats in a cooperation agreement. The team also advised UBS, as financial advisor to Elliott Management, in relation to its campaign at NXP Semiconductors.

Leading individuals: Shareholder activism: advice to shareholders

Eleazer Klein - Schulte Roth & Zabel LLP

Marc Weingarten - Schulte Roth & Zabel LLP

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United States: Tax

US taxes: non-contentious
US taxes: non-contentious - ranked: tier 4

Schulte Roth & Zabel LLP

Schulte Roth & Zabel LLP advises on investment funds structuring and private equity taxation. Philippe Benedict has particular expertise in domestic and international M&A and real estate transactions, and had assisted Caxton Associates with a share sale to the Petershill II Fund, which is affiliated with the Goldman Sachs Group. Tax planning specialist Dan Kusnetz advised Orchard Brands in its $410m acquisition by Bluestem Group. Department co-heads Alan Waldenberg and Shlomo Twerski are other contacts.

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