Firm News
Schulte Advises on DynCorp International’s Acquisition by Amentum Holdings
November 2020
Schulte represented Cerberus Capital Management LP and DynCorp International in DynCorp’s acquisition by Amentum Holdings LLC, a leading contractor to U.S. federal and allied governments. The acquisition will create one of the largest providers of mission critical support services with the companies having more than $6 billion in combined revenue in the past year. Amentum’s combination with DynCorp will accelerate their growth, enhance market access and transform the company into one of the largest in the industry with over 34,000 employees in more than 30 countries around the world. The acquisition was announced in September 2020 and closed in November 2020.
The Schulte team advising Cerberus and DynCorp was led by M&A and securities partner Stuart Freedman. The team also included M&A and securities special counsel Gregory Kinzelman; tax partner Alan Waldenberg and associate Joseph Reich; employment & employee benefits partner Ian Levin, special counsel Scott Gold and associate Adam Gartner; intellectual property; real estate partner Julian Wise, special counsel Amiel Mandel and associate Aaron Schwed; litigation partners Michael Swartz and Gary Stein; environmental partner Howard Epstein and special counsel Theodore Keyes; and former Schulte lawyers Thomas DeFranco, Antonio Diaz-Albertini, Andrew Fadale, Michael Gilligan, Caitlin Cornell, Nicolette Fata, Talia Jaffe, McKenzie Osborne, David Passey, Jennifer Gordon, Edward Sadtler and Sarah Sullivan.
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Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
On March 1, 2024, New York Governor Kathy Hochul signed into law an amended version of the New York LLC Transparency Act (“NYLTA”),[1] requiring certain limited liability companies (“LLCs”) formed or authorized to do business in New York (each, a “NY Reporting Company”) to file a beneficial ownership information (“BOI”) report with the NY Department of State (“NY DOS”). Each NY Reporting Company will be required to disclose on its BOI report identifying information pertaining to each individual who directly or indirectly exercises substantial control or owns or controls 25 percent or more of the ownership interests of a NY Reporting Company (each, a “Beneficial Owner”) and the individuals involved in the NY Reporting Company’s formation or registration to do business in New York (each, an “Applicant”). Information reported to NY DOS will be maintained in a private database not accessible to the public. The NYLTA goes into effect on Jan. 1, 2026 and requires the NY DOS to promulgate regulations implementing the legislation.
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]