Lawyers & Professionals

Firm Overview

Instead of trying to be everything to everybody, we’ve made a name for ourselves by delivering what our clients need most: in-depth, hands-on legal counsel throughout the financial services sector — and beyond.

Get to know us

Firm News

There’s a lot going on at Schulte — we’re wrapping up high-profile matters, welcoming talented new lawyers, speaking on issues that affect our clients, and more.

Read all about it

Pro Bono

Throughout our history, Schulte has provided comprehensive pro bono services to local and national nonprofit organizations. Today, we serve more than 50 nonprofits and work to advance a variety of social justice causes.

Learn more

Diversity and Inclusion

Inside the firm, we work hard to attract diverse, talented lawyers and encourage their career growth and advancement. And outside the office, we’re active in volunteer drives and local initiatives that support women and minorities’ professional success.

See what we’re up to

Alumni

If you’re a current or former Schulte lawyer, join our Alumni Network on LinkedIn to stay connected with old friends, make new contacts, and share your successes, ideas and insights.

Stay in touch

Social Responsibility

We take doing “good work” seriously — whether we’re talking about our high ethical standards or the way in which we foster a positive and inclusive culture for our personnel and support local communities.

See how we work

Offices

  • New York

    • 919 Third Avenue
    • New York, NY 10022
    • United States of America
      • +1 212.756.2000 Phone
      • +1 212.593.5955 Fax
  • Washington, DC

    • 901 Fifteenth Street, NW, Suite 800
    • Washington, DC 20005
    • United States of America
      • +1 202.729.7470 Phone
      • +1 202.730.4520 Fax
  • London

    • One Eagle Place
    • London SW1Y 6AF
    • United Kingdom
      • +44 (0) 20 7081 8000 Phone
      • +44 (0) 20 7081 8010 Fax

Schulte Roth & Zabel’s M&A and Securities Group has released a new study, Private Equity Buyer/Public Target M&A Deal Study: 2015-17 Review and Comparative Analysis. The report surveys private equity buyer acquisitions of U.S. public companies from 2015 to 2017. Focusing on key terms in middle- and large-market acquisitions valued at over $100 million, the Deal Study also compares the findings with previous analysis of transactions from 2013 to 2014.

Highlights from the study:

  • One-step mergers continue to be more popular than two-step tender offers. Approximately 84 percent of all 2015-17 transactions were structured as one-step mergers rather than two-step tender offers followed by back-end mergers, up from 71 percent of all 2013-14 transactions.
  • All of the 2015-17 transactions provided the buyer with match rights and all but one with “last look” match rights.
  • Closing conditions for buyer financing continue to be essentially nonexistent, with specific performance rights and reverse termination fees constituting the target’s deal protections.

View the full study here

“For this Deal Study, we reviewed recent acquisitions of U.S. public companies. Among many takeaways, we continue to observe ‘market practice’ regarding several key deal terms. The multi-year comparative analysis also revealed evolving trends,” commented Richard A. Presutti, SRZ partner and co-chair of the M&A and Securities Group.

“We are pleased to present this Deal Study. The detailed analysis offered in this publication will be a valuable resource for the private equity community,” said Alan S. Waldenberg, chair of SRZ’s Executive Committee.

About SRZ’s M&A and Securities Group

SRZ’s M&A and Securities Group advises private investment funds, portfolio companies and publicly traded companies in public and private M&A transactions, including leveraged buyouts, “going private” transactions, tender offers and proxy contests, cross-border transactions and leveraged recapitalizations. Our clients include financial and strategic buyers and sellers and financial advisers in domestic and cross-border transactions across a wide range of business sectors, including automotive, airlines, hospitality, banking, chemicals, distribution services, supermarket, financial services, health care, investment management, media, real estate, manufacturing and telecommunications.

Consistently recognized for industry-leading deals, SRZ recently won two “Deal of the Year” awards at the 2018 International M&A Advisor Awards, the “M&A Deal of the Year” award at the 2017 M&A Advisor Awards and two “Deal of the Year” awards at the 2017 Americas M&A Atlas Awards, Middle Markets.