Stuart D. Freedman serves as co-chair of the firm’s M&A and Securities Group. Stuart focuses his practice on mergers and acquisitions, private equity and securities, representing various well-known money managers in connection with a variety of acquisitions and control and non-control investments, including of companies engaged in financial restructurings. His practice includes a broad range of global equity investments and significant experience in cross-border transactions across a number of targeted industries, including real estate, hotel, mining, food retailing, automotive, health care, airlines, car rental, telecommunications, environmental, oil and gas exploration, oil field services, and distribution and other services. Stuart’s practice also includes advising investment firms on all aspects of fund formation and capital-raising. He represented Albertsons Companies and an investor group led by Cerberus Capital Management LP in the $9.2-billion acquisition of Safeway Inc., which won “Deal of the Year - Retail” at the 2015 ACG New York Champion’s Awards, as well as the related acquisition of SUPERVALU’s Albertsons, Acme, Jewel-Osco, Shaw’s and related Osco and Sav-on in-store pharmacies and related non-control investment in SUPERVALU common stock, a deal that won “Retail Deal of the Year” at the 2014 M&A Atlas Awards: Global Major Markets. Stuart’s advice is informed not just by his more than 20 years as an SRZ partner, but also from having served as president of a leading investment firm that focuses on opportunistic investments globally.

Representations

Representation of various well-known U.S. and offshore money managers in connection with a variety of acquisitions and control and non-control investments, including of companies engaged in financial restructurings.

Practice includes a broad range of equity investments in Asia, including in companies based in China, India, Indonesia and Australia, and significant experience in cross-border transactions.

Industries targeted include hotel, oil and gas exploration, oil field services, real estate, mining, food retailing, automotive, health care, airlines, car rental, telecommunications, environmental, and distribution and other services.

Representative transactions include acquisitions, divestitures, bankruptcy exit financings, investment financings, joint venture formations and private equity capital raising.

Representative transactions include:

Acquisition of RockPile Energy Services by Keane Group

Acquisition of Safeway Inc. by Albertsons Companies and an investor group led by Cerberus Capital Management LP

Acquisition of SUPERVALU’s Albertsons, Acme, Jewel-Osco, Shaw's and related Osco and Sav-on in-store pharmacies and related non-control investment in SUPERVALU common stock

Acquisition of Albertsons Companies' non-core grocery businesses

Acquisition of Innkeepers USA in a bankruptcy auction

Formation of joint venture between The Related Companies and Oxford Properties Group to develop the Hudson Yards project; representation of Oxford in the capitalization of three office towers, a retail center and a residential building as part of the project

Formation of Keane Group Holdings LLC, a joint venture in the fracking industry, and the pending acquisition of Trican Well Service’s U.S. oil field services businesses

Bankruptcy exit financing and formation of joint venture to acquire large residential development project in Florida

Acquisition of minority stake in U.S.-based satellite company

Acquisition of U.S. business process outsourcing company from Indian parent

Going-private transaction for U.S. time-share company

Sale of Talecris Biotherapeutics to Grifols SA of Spain

Acquisition of non-controlling equity interests in PRC companies in a variety of sectors, including retail, mining, chemicals and industrials

Acquisition of non-controlling equity interests in Indian pharmaceutical retailer

Convertible bond investment in leading Australian rare earths company

Acquisition of non-controlling equity interests in oil and gas exploration companies in Indonesia

Acquisition of building products distribution businesses of Georgia-Pacific Corp.

Proposed acquisition of subprime mortgage loan originator and servicer

Acquisition of coated-paper businesses of Mead Westvaco Corp. and Stora Enso North America

Sale of carbonless paper business of NewPage Corp.

Sale of timber assets of Escanaba Timber LLC

Acquisition of Alamo and National car rental businesses out of bankruptcy

Acquisition of core businesses of Teleglobe out of insolvency proceedings in the U.S., Canada and the U.K. and subsequent sale of Teleglobe to VSNL

Acquisition of Mervyn's department store chain from Target Corp.

Acquisition of the assets of Georgia-Pacific Corp.’s building products distribution business, and related financings

Acquisition of the business and assets of GDX Automotive Inc. from GenCorp Inc.

Bankruptcy exit financing for ICG Communications Inc.

Auction sale of Arthur D. Little out of bankruptcy

Acquisition of New York Cash Exchange (NYCE) by First Data Corp.

Investment in Clean Harbors Inc. to finance the acquisition of Safety-Kleen Systems Inc. out of bankruptcy

Acquisition of Exco Resources Inc. and its subsequent sale to management

Other representations include:

Keane Group Inc. in connection with its IPO and listing on the New York Stock Exchange

Representation of the Related/Oxford joint venture to develop Hudson Yards in equity and debt financing to construct the initial $1.4 billion office tower

Mount Kellett Capital Management LP in management company formation and private equity raise

Leading global investment firm in connection with the structuring of its innovative hybrid hedge fund focused on credit investments

Issuers in connection with IPOs, including a leading European financial institution in connection with its New York Stock Exchange listing

Leading European financial institution in connection with formation of joint venture to conduct asset-based lending in U.S.

U.S. private investment partnership in connection with acquisition of a substantial health care services company, and subsequent transactions, including divestitures, restructurings of the capitalization, new credit facilities and public offerings

Seller of television production company in complex structured acquisition in which a substantial portion of the purchase price was payable on a deferred, earn-out basis

Major Japanese financial institution in connection with acquisition of controlling interest in major U.S. non-bank financial services company

Major U.S. non-bank financial services company in connection with its acquisition activities in the factoring sector

Both buyers and sellers in wide range of auctions of companies and divisions in Industries including health care, financial services, consumer goods and telecommunications

Publications

Contributor, Distressed Investing M&A (SRZ in association with Mergermarket and Debtwire), 2012 and 2013

Speaking Engagements

“Developments in Outbound China M&A: Opportunities for U.S. Private Equity Owners,” SRZ Asia Investment Series, February 2015

SRZ 3rd Annual Distressed Investing Conference, November 2014

Moderator, “Investing in Distressed Municipal Debt,” SRZ 2nd Annual Distressed Investing Conference, November 2013

“Distressed Market Opportunities for 2013,” SRZ Distressed Investing Conference: Reflections on 2012 and the Road Ahead, December 2012

“Myths and Realities of Doing Business in Asia,” Grant Thornton Global Private Equity Conference, April 2012

“What to Consider When Buying: Mortgage Servicing Rights, Whole Loans and Asset-Backed Securities in Distressed Situations," SRZ Investment Management Hot Topics Seminar, April 2008

Distinctions

  • Chambers USA
  • The Legal 500 United States

Prior Experience

  • President, Mount Kellett Capital Management LP, October 2008–January 2010