Richard A. Presutti is co-chair of the M&A and Securities Group and chair of the investment management M&A practice. Rick practices primarily in the areas of private equity, mergers and acquisitions, leveraged buyouts and alternative asset management transactional matters. He regularly represents a number of private equity clients, including Marlin Equity Partners, Cerberus Capital Management, Levine Leichtman Capital Partners, Black Diamond Capital Management and Veritas Capital.
Rick was named the North America Lawyer of the Year by Global M&A Network in recognition of his transactional expertise and commitment to client service, as well as for advising on the award-winning transaction — Cerberus Capital Management LP and its portfolio company North American Bus Industries Inc. (NABI) in NABI’s sale to New Flyer Industries Inc. He also represented Marlin Equity Partners in its sale of Capario to Emdeon Inc., which won “Deal of the Year - Healthcare” at the ACG New York Champion’s Awards; Chrysler Financial in its sale to TD Bank, a transaction named ACG Cross Border Deal of the Year; and Chrysler in its sale to the Fiat-led group, a transaction that received the M&A Atlas Deal of the Year award. Recognized by The Legal 500 US as a leading M&A lawyer, Rick is also among Global M&A Network’s elite group of the top 50 most influential North America M&A Lawyers.
Private Equity/M&A Transactions
Represented Marlin Equity Partners in numerous transactions, including its acquisitions of Fidelis Cybersecurity Solutions, Tellabs Inc. and NSN’s optical network business, and its sales of Liquent Inc. and Capario.
Represented Cerberus Capital Management in numerous transactions, including its sale of Blue Bird to Hennessy Capital Acquisition Corp., its acquisition of Visteon Corporation’s auto interiors business, its acquisition of Chrysler from Daimler, its sale of Chrysler Financial to TD Bank Group and its acquisition of 51 percent of GMAC from General Motors.
Represented Levine Leichtman Capital Partners in numerous transactions, including its acquisitions of Nobles from Inverness Graham Capital, Tronair from KRG and the assets of DRI Corporation out of bankruptcy.
Represented Orchard Brands Corporation in its sale to Bluestem Group Inc.
Represented Tiptree Financial Inc. in the sale of subsidiary Philadelphia Financial Group Inc. to funds managed by the Tactical Opportunities Group of The Blackstone Group LP.
Represented Black Diamond in its acquisition of Hines Growers and the sale of Hines’ assets to Color Spot.
Represented Veritas Capital in numerous transactions, including its acquisitions of Aeroflex Incorporated and DynCorp International.
Represented Chrysler in its sale to the Fiat-led group and the sale of Tritec Motors to Fiat Powertrain.
Represented Red Pine Advisors in its sale to Houlihan, Lokey, Howard & Zukin.
Represented Merrill Lynch in the sale of its senior ABS CDO portfolio to an affiliate of Lone Star Funds.
Investment Management/M&A Transactions
Represented Capstone Investment Advisors LLC in the sale of a passive minority interest to Dyal Capital Partners.
Represented Signet Capital Management in the sale of its fund-of-funds business to Morgan Creek Capital Management LLC.
Represented MKP Capital Management LLC in its sale of a passive minority interest to Dyal Capital Partners.
Represented Scopia Fund Management LLC in its sale of a passive minority interest to Dyal Capital Partners.
Represented FrontPoint Partners in its spin-off from Morgan Stanley.
Represented Montrica in its sale to TPG-Axon.
Represented Level Global Investors in the sale of a minority interest to Goldman Sachs’ Petershill Fund.
Represented Shumway Capital Partners in the sale of a minority interest to Goldman Sachs’ Petershill Fund.
Represented Harbinger Capital Partners (Phillip Falcone) in its buyout of Harbert Management Corporation.
Represented Beach Point Capital Management in a management buyback of the alternative business of Post Advisory Group.
Represented Lazard Asset Management in its sale of pre-IPO equity units to Lazard Ltd.
Represented Dolomite Capital Management in its sale of a majority interest to the Ashmore Group.
Represented Bayview Asset Management in its sale of a minority interest to The Blackstone Group.
Represented Arlon Capital in its purchase of a minority interest in Monarch Alternative Capital (f/k/a QDRA) and Monarch’s spin-off from Quadrangle.
Private Equity Buyer/Public Target M&A Deal Study: 2015-17 Review and Comparative Analysis (co-author); republished in Harvard Law School Forum on Corporate Governance and Financial Regulation, Oct. 2, 2018
“Private Equity Guide 2017 — USA,” The International Comparative Legal Guide to: Private Equity 2017 (Global Legal Group) (co-author)
“Private Equity Guide 2016 — USA,” The International Comparative Legal Guide to: Private Equity 2016 (Global Legal Group) (co-author)
“Private Equity Guide 2015 — USA,” The International Comparative Legal Guide to: Private Equity 2015 (Global Legal Group) (co-author)
“Asset Manager M&A Deals,” SRZ White Paper, May 14, 2013 (co-author)
“Taking Stakes in Hedge Funds,” The Daily Deal, May 17, 2010 (co-author)
“Go-Shop Provisions,” SRZ Private Equity Developments, Fall 2007
“Accelerating Growth: Investment and Acquisitions,” Bank of America Merrill Lynch COO/CFO Hedge Fund Symposium, March 2014
“Hedge Fund Outlook 2013: Perspectives for the Buyer & the Seller,” Hedge Funds Care Cocktails & Commentary, January 2013
“Manager Acquisitions and Spinoffs,” SRZ 22nd Annual Private Investment Funds Seminar, January 2013
“Current Trends in M&A, PIPEs and Co-Investment Transactions” and “Succession Planning,” SRZ 21st Annual Private Investment Funds Seminar, January 2012
“Negotiating the Agreement: Pricing, Governance, Marketing and Investor Consent,” Managed Funds Association Hedge Fund Manager M&A Seminar, September 2011
“Management Company Capital Transactions,” SRZ 20th Annual Private Investment Funds Seminar, January 2011
- Global M&A Network Top 50: North America M&A Lawyers, 2013-2014
- Global M&A Network North America Lawyer of the Year, 2013
- The Legal 500 US