Attorneys
Follow Schulte Roth & Zabel on Twitter Connect with Schulte Roth & Zabel on LinkedIn

David E. Rosewater

919 Third Avenue
New York, New York 10022
United States of America
P: +1 212.756.2208
E:

David E. Rosewater is a partner in the New York office, where his practice focuses on mergers & acquisitions, private equity/leveraged buyouts, distressed investments and acquisitions, and shareholder activism. David has represented numerous corporate and private equity buyers and sellers, including in connection with the acquisitions of Caritas Christi Health Care System, which was named the “North America Private Equity Deal of the Year” by Global M&A Network as well as the 2010 “Deal of the Year” in the health care category by Investment Dealers' Digest magazine, Austrian bank BAWAG, integrated logistics systems services provider Syncreon, tabletop icon Lenox Group, GMAC, certain Newell Rubbermaid divisions and the factoring businesses of GE Capital and HSBC Business Credit. He has represented companies and shareholders in connection with a number of major campaigns, including those involving The New York Times Co., CNET Networks, CSX Corp., Red Robin Gourmet Burgers Inc. and Mentor Graphics Inc.

David received his B.A., with distinction and high honors, from the University of Michigan and his J.D., cum laude, from New York University School of Law. He co-authored the U.S. chapter of The International Comparative Guide to: Corporate Governance 2011 (Global Legal Group), co-authored “Keeping Up With Distressed Debt Strategies” from Buyouts and contributed to Shareholder Activism Insight, a 2010 report created in association with mergermarket.

Selected Representations

Private Equity/Leveraged Buyouts
Representation of GenNx360 Capital Partners L.P. in connection with the acquisition of syncreon Holdings Ltd.

Represented Cerberus Capital Management L.P. in connection with the acquisition of Austrian bank BAWAG P.S.K. from Austrian trade union O.G.B.

Representation of Cerberus Capital Management L.P. in connection with the acquisition of 51% of GMAC LLC from General Motors Corp.

Representation of Cerberus Capital Management L.P. in connection with the acquisition of Rafaella Apparel Group Inc.

Representation of GenNx360 Capital Partners L.P. in connection with the acquisition of Vertex Data Sciences Ltd.

Representation of Cerberus Capital Management L.P. in connection with the acquisition of the cookware, glassware and picture frame businesses of Newell Rubbermaid Inc.

Representation of Cerberus Capital Management L.P. in connection with the acquisition of a majority interest in EXCO Resources, Inc. pursuant to a management buyout.

Representation of Cerberus Capital Management L.P. in connection with its acquisition of Mervyn's department stores from Target Inc.

Representation of Cerberus Capital Management L.P. in its acquisition of Cingular Interactive, L.P. and subsequent sale to Sprint Corp.

Distressed Acquisitions/Investments
Representation of term loan lender group led by Ableco Finance LLC in connection with the acquisition of the assets of Deb Shops, Inc. and its subsidiaries.

Representation of term loan lender group led by Clarion Capital Partners LLC in connection with the acquisition of the assets of Lenox Group Inc. and its subsidiaries.

Representation of Cerberus Capital Management L.P. in connection with the refinancing transactions of GMAC LLC including a $21 billion bond exchange, $5 billion TARP investment by the US Treasury, $2 billion investment by Cerberus and General Motors and conversion into a bank holding company.

Representation of Cerberus Capital Management in connection with its acquisition of the core assets of Teleglobe Inc. and its subsidiaries.

Representation of Cerberus Capital Management in connection with the acquisition of the assets of Green Tree Financial from Conseco Finance Corp.

Representation of Leucadia National Corporation in connection with the acquisition of a controlling interest in WilTel Communications Group Inc. in connection with a Plan of Reorganization.

Representation of Metrocall Inc. in connection with the acquisition of the assets of Weblink Wireless Inc.

Representation of Cerberus Capital Management in connection with the acquisition of the assets of Anchor Glass Container Corp.

Mergers and Acquisitions
Representation of PrinceRidge Holdings LP in a sale of a majority interest in PrinceRidge Holdings LP to Institutional Financial Markets Inc.

Representation of The CIT Group/Commercial Services Inc. in the acquisition of the factoring businesses of GE Capital Corporation and HSBC Business Credit (USA) Inc.

Representation of SSA Global Technologies Inc. in connection with its acquisitions of Infinium Software Inc. and EXE Technologies Inc.

Representation of Teleglobe International Holdings Ltd. in connection with its acquisition of ITXC Corp.

Representation of Teleglobe International Holdings Ltd. in connection with its merger with VSNL Communications.

Representation of Agency.com in connection with its acquisition by Omnicom Group.

Representation of DoubleClick Inc. in its acquisitions of MessageMedia Inc. and FloNetwork.

Activist Investing
Represented Casablanca Capital in its activist campaign involving Mentor Graphics Inc.

Represented the Children's Investment Fund in its proxy contest involving CSX Corp.

Represented JANA Partners in its activist campaign involving CNET Networks.

Represented Laxey Partners in its proxy contest involving ASA Ltd.

Represented Outpoint Capital in its proxy contest involving Footstar Inc.

Selected Publications

False Truisms in US Public Company LBOs,” Law360, Nov. 21, 2011 (co-author)

“Do Go-Shops Produce Higher Offers? Well…,” peHUB, August 8, 2011 (quoted)

Schulte Roth & Zabel Private Equity Buyer/Public Target Deal Study, Summer 2011 & 3Q 2011 Update (co-author)

More

Selected Speaking Engagements

“Activist Hedge Funds: Examining their Strategy and Objectives,” DealFlow Media The Activist Investor Conference, January 2012

“Current Trends in M&A, PIPEs and Co-Investment Transactions,” SRZ 21st Annual Private Investment Funds Seminar, January 2012

“Restructurings, Turnarounds, and Operational Improvements,” Thomson Reuters Buyouts Texas, November 2011

More

Other Distinctions

Represented Cerberus Capital Management in its acquisition of Caritas Health Care, a transaction named by Global M&A Network as the “North America Private Equity Deal of the Year” and by Investment Dealers' Digest magazine as the 2010 “Deal of the Year” in the health care category.

Bar Admissions

  • New York

Education

  • New York University School of Law, J.D., cum laude, 1995
  • University of Michigan, B.A., with distinction and high honors, 1992