Finance
Jointly spearheaded by Paul Rodel and Steven Slutzky in New York, Debevoise & Plimpton LLP stands out for its handling of IPOs, offerings of equity, debt, and structured securities, and capital restructuring transactions. The practice has vast insight into managing senior secured notes offerings and the financing aspects of acquisitions, with Rodel being a specialist in the healthcare, insurance, and tech spheres. Slutzky predominantly focuses on securities transactions and private placements, Matthew Kaplan is a corporate governance expert, while Morgan Hayes assists private equity firms and underwriters. The whole team is New York-based.
Legal 500 Editorial commentary
Profile
Work Department
Capital Markets
Career
Steven Slutzky is a corporate partner and Co-Head of the firm’s Capital Markets Group and a member of the firm’s Private Equity and Special Situations Groups. His practice focuses on securities offerings and related transactions, and he regularly represents issuers and underwriters in securities transactions including initial public offerings, high-yield debt offerings, secondary equity offerings, debt offerings, tender offers and consent solicitations and private placements.
Mr. Slutzky was named Dealmaker of the Year by The American Lawyer (2014) for his role in advising Verizon Communications Inc. on its $49 billion bond offering, the largest-ever corporate bond issue. Mr. Slutzky is also ranked as a leading capital markets lawyer in Chambers Global (2015–2023), which describes him as “very talented” and “practical,” and in Chambers USA (2015–2023), where clients note that he is “very technically savvy and strong.” Sources also report that he is “expert, experienced and [he] approaches problems from all angles,” “he’s just fantastic, very knowledgeable and thoughtful,” “very practical, action-oriented” and he is “great at client service.” They say he is “an extremely valuable resource with good instincts” and praise his ability to “understand the big picture, boil it down to key components and explain it in clear terms to non-lawyers” as well as his “high level of expertise” and “good business sense.” He is recognized in IFLR1000 (2022) and The Legal 500 US (2023), where he is described as a “top-notch attorney” who is “very commercial” and whose knowledge is “beyond impressive.” He also serves as a director of South Brooklyn Legal Services.
Mr. Slutzky is a frequent contributor to the Debevoise & Plimpton Private Equity Report on topics related to capital markets and corporate governance. Additional recent articles include “SEC Adopts Share Repurchase Disclosure Rules,” NYU Compliance & Enforcement (May, 2023); Chambers Practice Guides - Private Equity: USA 2019 (August, 2019) and “Top 10 Practice Tips: Secondary Offerings,” Lexis Practice Advisor (September, 2018).
Mr. Slutzky received his B.S. from Lehigh University in 1988 and his J.D. from New York Law School summa cum laude in 1993, where he was a notes and comments editor of the Law Review.
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Key clients
- Access Industries, Inc. American Coastal Insurance American International Group Ambac Assurance Corporation Antares Holdings LP BofA Securities, Inc. Booz Allen Hamilton Brighthouse Financial CPP Investments Carlyle Group Clayton, Dubilier & Rice LLC Coliseum Capital Core & Main, Inc. Corebridge Financial, Inc. Cornerstone Building Brands, Inc. DoubleVerify, Inc. Elliott Investment Management Everest Re Fidelis Insurance Holdings Ltd. Gogo, Inc. Goldman Sachs Group Guardian Life Guggenheim Securities Hawaiian Airlines International Paper Company JetBlue Airways Corporation KKR & Co. LABL, Inc. (Multi-Color Corporation) Landstar System, Inc. Lincoln Financial Manulife Financial Mazars MBIA Mitsui Sumimoto Morgan Stanley National Life Group Pacific Life Insurance Company Principal Financial Group Providence Equity Partners Prudential Plc Shearer’s Foods, LLC Spirit Airlines The Teachers Insurance and Annuity Association (TIAA) Towerbrook Capital Partners Voya Financial Warner Bros. Discovery, Inc. Warner Music Group Westpac Banking Corporation White Cap Supply
Work highlights
Advised Clayton, Dubilier & Rice in the financing aspects in its acquisition, together with TowerBrook Capital Partners, of R1 RCM Inc. (NASDAQ: RCM) (“R1”), at an enterprise value of $8.9 billion.
Assisted Focus Financial Partners in connection with the $4.276 billion refinancing of Focus’s existing debt facilities.
Advised Artera Services, LLC and Clayton, Dubilier & Rice, in connection with the $2 billion refinancing of Artera’s existing debt facilities.