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Title

Mergers and Acquisitions

Description
We are leaders in middle-market M&A because we provide our clients with practical advice and tailored solutions based on current market conditions and our understanding of their businesses.
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  • Kramer Levin represents buyers and sellers, including financial and strategic acquirers ranging from entrepreneurial startups to large multinationals, in mergers and acquisitions of public and private companies. We focus on the middle market and are exposed to a high volume of M&A deal flow in this market segment, which gives us keen insight into deal terms, conditions and trends.

    Operating in small teams of experienced lawyers, we deliver sophisticated services in an efficient manner, enhancing the value proposition for our clients. Our experience representing strategic acquirers includes sustained acquisition programs for BlackRock Inc., Deloitte LLP, Genco Shipping & Trading Ltd., AmTrust Financial Services Inc. and National General Holdings Corp. Our private equity fund clients include Stone Point Capital, Atlantic Street Capital, Argand Partners, Cornell Capital, Paine Schwartz Partners, PIMCO Bravo Strategies PE Funds, York Capital Special Opportunities Fund, Waterfall Sentinel Funds and Sentinel Capital Partners, among others. We have developed deep relationships with these clients, enabling us to fully understand their objectives and preferences and help them achieve their goals effectively and efficiently.

    We regularly advise our M&A clients regarding:

    • Leveraged buyouts
    • Minority and other noncontrolling investments
    • Cross-border transactions
    • Going-private transactions
    • Joint ventures and strategic alliances
    • Shareholder activist campaign-related issues
    • Contests for control

    Our team has extensive experience advising insurers on the use of representations and warranties products. We helped develop these products and have gained market-leading knowledge on their strategic use in M&A transactions.

    Our M&A lawyers frequently collaborate with lawyers from other departments within the firm who have developed considerable M&A proficiency within their own disciplines. Our Litigation department, for example, is often called into M&A matters, as the firm regularly represents clients in heated contests for corporate control.

    Defining Matters

    • Kramer Levin Advises on Onboard Acquisition of Payvus

      Kramer Levin represented Onboard Partners LLC, a portfolio company of Stone Point Capital LLC, in connection with Onboard’s acquisition of Aliaswire Inc.’s Payvus small credit card issuing and capital management business.
    • Kramer Levin Advises Key Shareholders in Proposed Strategic Merger between Energy Harbor Corp. and Vistra Corp.

      Kramer Levin represented our clients, funds managed by Avenue Capital Group (Avenue) and funds advised by Nuveen Asset Management, LLC (Nuveen), in a strategic combination between Vistra Corp. and Energy Harbor Corp announced on March 6, 2023. Upon closing of the transaction, Energy Harbor will merge with and into a newly-formed subsidiary of Vistra, known generally as “Vistra Vision.” Total consideration will consist of $3 billion cash and a 15% equity interest in Vistra Vision. Most Energy Harbor shareholders will receive cash at closing, and the two largest shareholders, Avenue and Nuveen, will receive a combination of cash and the 15% ownership interest.
    • Kramer Levin Represents BlackRock in Connection With Strategic Growth Investment in Human Interest

      Kramer Levin represented BlackRock, one of the world's preeminent asset management firms and a premier provider of investment management, in connection with BlackRock’s equity investment in Human Interest, a full-service 401(k) provider that seeks to make it easy for small- and medium-sized businesses to help their employees save for retirement. BlackRock’s investment will help Human Interest continue to enhance its technology platform capabilities and mature its operational processes and infrastructure. In addition, BlackRock will share its experience and expertise to help Human Interest fulfill its mission.
    • Kramer Levin Advises VICI in Connection With Acquisition of Four Canadian Gaming Properties in Sale Leaseback Transaction With Pure Canadian Gaming Corp.

      On Jan. 9, 2023, Kramer Levin client VICI Properties Inc. (VICI) announced that it has acquired the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. for approximately C$271.9 million (US$200.8 million), and the simultaneous entry into a triple-net master lease agreement with PURE covering the PURE portfolio.
    • Kramer Levin Represents Francisco Partners in Connection With Strategic Growth Investment in Acoustic, LP

      Kramer Levin represented Francisco Partners, a leading global investment firm, in a strategic growth investment in Acoustic, LP,  a global marketing and customer experience provider for B2C brands. The deal closed on Oct. 18, 2022.
    • Kramer Levin Advises Sentinel Capital Partners in Acquisition of Bandon Holdings

      On July 28, 2022, Kramer Levin client Sentinel Capital Partners announced that it has acquired Bandon Holdings, headquartered in Austin, Texas, the largest franchisee in the Anytime Fitness family. Anytime Fitness, headquartered in Woodbury, Minnesota, is the largest fitness company in the United States and the fastest growing gym franchise in the world. Terms of the deal were not disclosed.

    • Kramer Levin Advises Sentinel Capital Partners in Sale of Captain D’s

      On May 23, 2022, Kramer Levin client Sentinel Capital Partners announced that it has sold portfolio company Captain D’s, a leading seafood quick service restaurant chain. Financial terms of the deal were not disclosed.

    • Kramer Levin Advises Atlantic Street Capital in Sale of Advancing Eyecare

      On May 9, 2022, Kramer Levin client Atlantic Street Capital announced that it has entered into an agreement to sell Advancing Eyecare, a  leading provider of ophthalmic instruments, to Cornell Capital. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2022.

    • Kramer Levin Advises The NPD Group in Acquisition by Hellman & Friedman

      On Oct. 19, 2021, Kramer Levin client The NPD Group (NPD), a global market information provider, announced that it has entered into an agreement to be acquired by private equity firm Hellman & Friedman. The deal closed on Dec. 1, 2021. 
    • Kramer Levin Advises VICI in $17.2 Billion Acquisition of MGM Growth Properties

      On April 29, 2022, Kramer Levin client VICI Properties Inc. announced that it acquired MGM Growth Properties for a total consideration of $17.2 billion, adding 15 Class A entertainment resort properties to the VICI portfolio. Simultaneous with the closing of the transaction, VICI entered into an amended and restated triple-net master lease with MGM Resorts for an initial annual rent of $860 million. Upon completion of the merger, VICI had an estimated enterprise value of $45 billion, solidifying VICI’s position as the largest experiential net lease REIT.

    • Kramer Levin Advises Waterfall Sentinel Fund in Acquisition of Newcleus LLC

      On Aug. 3, 2021, Kramer Levin client Waterfall Sentinel Fund announced that it has acquired a controlling interest in Newcleus LLC, a leading provider of employer-owned life insurance and annuity products (with a core focus on bank and credit union institutions), as well as employee benefit design and analysis, compensation consulting and investment strategies. The deal closed on Aug. 2, 2021.
    • Kramer Levin Advises Capstar Special Purpose Acquisition Corp. on $1.3 Billion Combination with Gelesis Inc.

      On July 19, 2021, Kramer Levin client Capstar Special Purpose Acquisition Corp. (Capstar), a special purpose acquisition company sponsored by affiliates of Capstar Partners, LLC and certain private funds managed by PIMCO, announced that it had entered into a business combination agreement with Gelesis Inc. (Gelesis), a biotherapeutics company aiming to transform weight management using a proprietary biomimetic superabsorbent hydrogel technology. Upon the closing of the transaction, expected in the fourth quarter of 2021, Gelesis will become a public company listed on the New York Stock Exchange. The transaction values the combined company at an equity value of approximately $1.3 billion and includes a fully committed $100 million PIPE financing.
    • Kramer Levin Advises BlackRock in Minority Investment in SpiderRock Advisors

      On July 13, 2021, Kramer Levin client BlackRock announced that it has made a minority investment in SpiderRock Advisors, a leading provider of customized options strategies in the U.S. wealth market. The investment is part of a strategic venture between the firms to expand access for wealth firms and financial advisors to professionally managed, options-based separately managed account (SMA) strategies.
    • Kramer Levin Advises Stone Point Capital in Sale of Finxera to Priority Technology

      On March 8, 2021, Kramer Levin client Stone Point Capital LLC announced the sale of its portfolio company Finxera Holdings Inc. to Priority Technology Holdings Inc., a leading payments technology company.
    I think they are great. They have become my go-to outside counsel for a lot of matters, including middle-market M&A transactions.
    — Client quote, Chambers USA

    Practice Contacts

      • Thomas E. Molner

        • Counsel
        • Co-Chair, Equity Capital Markets and Public Companies
        • New York
        • tmolner@kramerlevin.com
        • T 212.715.9429
        • F 212.715.8429
      • vcard
      • Ernest S. Wechsler

        • Partner
        • Chair, Corporate
        • New York
        • ewechsler@kramerlevin.com
        • T 212.715.9211
        • F 212.715.8086
      • vcard
    • David S. Berg
    • John Bessonette
    • Colin Bumby
    • Clayton A. Campos
    • Pamela M. Capps
    • Thomas E. Constance
    • Abbe L. Dienstag
    • Ovo Efemini
    • Reid Feldman
    • Jason A. Fruchter
    • Jonathan D. Goodman
    • Adi Herman
    • Barry Herzog
    • Tiancheng (T.C.) Huang
    • Allison R. Klausner
    • Ilya Kontorovich
    • Shari Kahn Krouner
    • John Lagrou
    • Todd E. Lenson
    • J. Michael Mayerfeld
    • Thomas E. Molner
    • Randal D. Murdock
    • Arlene J. Ortiz-Leytte
    • Michelle Park
    • Antoine Paszkiewicz
    • Daniel A. Rabinowitz
    • Abraham (Avi) Reshtick
    • Jordan M. Rosenbaum
    • Scott S. Rosenblum
    • Peter G. Smith
    • Howard T. Spilko
    • Eitan Tabak
    • Ernest S. Wechsler
    • Christian E. Witzke
    • Nathan E. Wolfe
    • Eleni Zanias
    • Daniel F. Zimmerman
  • Perspectives

    Search More
    • Category
      Defining Matters
      Date
      Dec. 10, 2024
      Title
      Kramer Levin Advises Atlantic Street Capital, Prescott in Acquisition by Morgan Stanley Capital Partners
      Read More
    • Category
      Announcements
      Date
      Oct. 24, 2024
      Title
      2024 New York Super Lawyers and Rising Stars Lists Include Over 90 Kramer Levin Attorneys
      Read More
    • Category
      Announcements
      Date
      Oct. 18, 2024
      Title
      Howard T. Spilko and Jamie Kocis Named to Lawdragon 500's Leading Dealmakers in America List for 2025
      Read More
    • Category
      Defining Matters
      Date
      Oct. 01, 2024
      Title
      Kramer Levin Advises SitusAMC in Sale of Majority Ownership of Insurance Entity to Vinelight Ventures
      Read More
    • Category
      Defining Matters
      Date
      Sept. 19, 2024
      Title
      Kramer Levin Advises Minority Shareholders of Vistra Vision LLC in Connection with Acquisition of Equity Interests by Vistra Corp.
      Read More
    • Category
      Defining Matters
      Date
      Aug. 22, 2024
      Title
      Kramer Levin Advises All Star Auto Parts in Sale to BBB Industries
      Read More
    • Category
      Defining Matters
      Date
      Aug. 07, 2024
      Title
      Kramer Levin Advises Special Committee in Thoughtworks Going Private Transaction With Apax Funds
      Read More
    • Category
      Client Alerts
      Date
      Aug. 01, 2024
      Title
      Delaware Governor Signs Into Law Amendments to Delaware’s General Corporation Law
      Read More
    • Category
      Defining Matters
      Date
      July 23, 2024
      Title
      Kramer Levin Advises Verlinvest in Acquisition, Alongside Mistral Equity Partners, of Ownership Stake in Insomnia Cookies from Krispy Kreme
      Read More
    • Category
      Announcements
      Date
      June 27, 2024
      Title
      Legal 500 US 2024 Recognizes Kramer Levin
      Read More
    • Category
      Announcements
      Date
      June 06, 2024
      Title
      Chambers USA 2024 Recognizes Kramer Levin
      Read More
    • Category
      Defining Matters
      Date
      May 16, 2024
      Title
      Kramer Levin Advises Tree Line Capital Partners in Acquisition Agreement With Aflac Global Investments
      Read More
    • Category
      Defining Matters
      Date
      May 10, 2024
      Title
      Kramer Levin Advises Majority Shareholders of Energy Harbor in Connection With Acquisition by Vistra
      Read More
    • Category
      Defining Matters
      Date
      May 10, 2024
      Title
      Kramer Levin Advises Trinity Place Holdings in Connection With Debt Recapitalization
      Read More
    • Category
      Defining Matters
      Date
      April 19, 2024
      Title
      Kramer Levin Advises Strategic Management Solutions in Sale to Bernhard Capital Partners
      Read More
    • Category
      Defining Matters
      Date
      April 09, 2024
      Title
      Kramer Levin Advises Stone Point Capital and Prima Capital Advisors in Acquisition by Blue Owl Capital
      Read More
    • Category
      Defining Matters
      Date
      April 02, 2024
      Title
      Kramer Levin Advises Stone Point Capital and SunFireMatrix on Acquisition by KKR
      Read More
    • Category
      Private Funds Blog
      Date
      March 26, 2024
      Title
      Private Fund Sponsor M&A Could Take Off in 2024
      Read More
    • Category
      Defining Matters
      Date
      March 08, 2024
      Title
      Kramer Levin Advises BlackRock in Acquisition of SpiderRock Advisors
      Read More
    • Category
      Client Alerts
      Date
      Feb. 20, 2024
      Title
      HSR and Potential Government Shutdown
      Read More
    • Category
      Defining Matters
      Date
      Jan. 16, 2024
      Title
      Kramer Levin Represents Sentinel Capital Partners in Acquisition of Market Performance Group
      Read More
    • Category
      Announcements
      Date
      Jan. 02, 2024
      Title
      Kramer Levin Expands Leading Private Equity and Mergers & Acquisitions Practice With Addition of Partner Arlene J. Ortiz-Leytte
      Read More
    • Category
      M&A Monitor
      Date
      Dec. 21, 2023
      Title
      Case Alert: MALT Family Trust v. 777 Partners LLC
      Read More
    • Category
      Defining Matters
      Date
      Dec. 19, 2023
      Title
      Kramer Levin Advises VICI in Expanded Investment With Existing Partner Chelsea Piers
      Read More
    • Category
      Defining Matters
      Date
      Nov. 17, 2023
      Title
      Kramer Levin Advises SitusAMC in Sale of Commercial Real Estate Valuation and Advisory Business to Altus Group
      Read More
    • Category
      Client Alerts
      Date
      Nov. 15, 2023
      Title
      Pandemic-Related Employee Retention Credits: Increasing IRS Scrutiny and Related M&A Considerations
      Read More
    • Category
      Defining Matters
      Date
      Nov. 01, 2023
      Title
      Kramer Levin Client Atlantic Street Capital Acquires Brown’s Medical Imaging LLC
      Read More
    • Category
      Client Alerts
      Date
      Oct. 11, 2023
      Title
      DOJ Announces New Mergers and Acquisitions Safe Harbor Policy for Voluntary Self-Disclosures
      Read More
    • Category
      Announcements
      Date
      Sept. 22, 2023
      Title
      2023 New York Super Lawyers and Rising Stars Lists Include Over 90 Kramer Levin Attorneys
      Read More
    • Category
      Defining Matters
      Date
      Sept. 07, 2023
      Title
      VICI Completes Acquisition of Four Properties in Alberta, Canada in Sale-Leaseback Transaction with Century Casinos, Inc.
      Read More
    View More
  • Recognition

    Year
    2009 – 2024
    Name
    Legal 500 US
    Description
    Recognized for M&A: Middle-Market and Private Equity Buyouts
    Year
    2006 – 2024
    Name
    Chambers USA
    Description
    Recognized for Corporate M&A; Highly Regarded (2023-2024)
    Year
    2010 – 2018, 2022 – 2025
    Name
    U.S. News & World Report and Best Lawyers’ Best Law Firms
    Description
    Ranked in Top Tier for Corporate Law (New York)
    Year
    2010 – 2022
    Name
    U.S. News & World Report and Best Lawyers’ Best Law Firms
    Description
    New York (Tier 1 – 2019 – 2021), National
    Leveraged Buyouts and Private Equity Law (2022)
    Year
    2020, 2021
    Name
    IFLR 1000
    Description

    Leading New York M&A Practice

    Year
    2021
    Name
    Décideurs
    Description
    Recognized for Mergers and Acquisitions
    Year
    2021
    Name
    IFLR Middle East
    Description
    M&A Deal of the Year for the merger of United Arab Chemical Carriers and United Overseas Group
    Year
    2021
    Name
    BTI 2021 M&A Standout
    Year
    2019
    Name
    M&A Advisor Awards
    Description

     

    Technology Deal of the Year (over $1B): Acquisition of eFront by BlackRock; Restructuring Deal of the Year (over $1B): Restructuring of COFINA; Equity Financing of the Year: Majority recapitalization of SchoolAdmin by Quad Partners
    Year
    2019
    Name
    Global M&A Network’s Americas M&A Atlas Awards
    Description

    Financial Services M&A Deal of the Year – for Lee Equity Partners acquisition of K2 Insurance Services

    Year
    2019
    Name
    Global M&A Network’s Americas M&A Atlas Awards
    Description

    Corporate Deal of the Year – BlackRock acquisition of eFront

    Year
    2019
    Name
    Global M&A Network’s Americas M&A Atlas Awards
    Description

    USA M&A Law Firm of the Year

    Year
    2019
    Name
    The Deal
    Description

    2nd Annual Top 50 Private Equity Lawyers

    Year
    2018
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Received Americas Fintech M&A Deal for Stone Point Capital acquisition of Mitchell International from KKR and Elliott Management
    Year
    2018
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Firm Award – Financial M&A Law Firm of the Year
    Year
    2011 – 2018, 2024 – 2025
    Name
    Chambers and Partners' Chambers Global
    Description
    Recognized for Corporate M&A (2011 – 2018); Corporate Crime & Investigations (2024 – 2025)
    Year
    2017
    Name
    M&A Advisor Awards
    Description
    Private Equity Deal of the Year (over $1 billion)
    Year
    2016
    Name
    Global M&A Network’s Turnaround Atlas Awards
    Description
    Special Situation M&A Deal of the Year Award for the Representation of the Official Committee of Unsecured Creditors in Patriot Coal and Sale of Assets
    Year
    2010
    Name
    M&A Advisor’s Turnaround Awards
    Description
    Distressed M&A Deal of the Year Award (>$100mm)
    Year
    2010
    Name
    M&A Advisor’s Turnaround Awards
    Description
    Business Services Sector Deal of the Year Award
    Year
    2016
    Name
    Corporate Livewire International M&A Awards
    Description
    Named the TMT M&A Law Firm of the Year
    Year
    2016
    Name
    Corporate Livewire Global Awards
    Description
    Received the Global Award for Domestic M&A
    Year
    2014
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Received Financial Services Deal of the Year Award for Stone Point Acquisition of LTCG Holdings Corp.
    Year
    2013
    Name
    ACG/M&A Advisor New York Champion Awards
    Description
    Received the Consumer and Retail Products Deal of the Year Award (Up to $200mm) for APCO’s Acquisition of GWC Warranty Corp.
    Year
    2013
    Name
    Global M&A Network’s Atlas Awards
    Description
    Received the USA M&A Deal of the Year Award (Small Mid-Markets) for Automobile Protection Corporation’s Acquisition of GWC Warranty
    Year
    2013
    Name
    Global M&A Network’s Atlas Awards
    Description
    Received the USA M&A Deal of the Year Award (Large Markets) for Ocwen Financial’s Acquisition of Homeward Residential from WL Ross & Co.
    Year
    2011
    Name
    M&A Advisor’s International M&A Awards
    Description
    Received the M&A Deal of the Year Award ($50mm-$100mm) for Pangea3’s Acquisition by Thomson Reuters
    Year
    2011
    Name
    M&A Advisor’s International M&A Awards
    Description
    Received the Financial Services Sector Transaction of the Year Award for AIG’s Divestiture of Consumer Finance Businesses in Argentina
    Year
    2010-2014
    Name
    Legal 500 US
    Description
    Ranked in Top Tier for M&A Middle Market
    Year
    2009
    Name
    M&A Advisor’s Global M&A Awards
    Description
    Industrial Manufacturing/ Distribution Deal of the Year Award for General Maritime Corp.’s Acquisition of Arlington Tankers
    Year
    2008
    Name
    M&A Advisor’s Middle-Market M&A Awards
    Description
    Received the Sector Deal: Media, Entertainment or Telecom Award for Representing Cyberview Technology Inc. in Its Acquisition by International Game Technology
    Year
    2016
    Name
    M&A Advisor’s M&A Atlas Awards
    Description
    Received the Corporate and Strategic Deal of the Year Award ($100mm-$250mm) for BlackRock’s Acquisition of FutureAdvisor
    Year
    2009
    Name
    M&A Advisor’s Awards
    Description
    Received the U.S. Middle-Market Financing Award for Real Estate for the Formation of Private National Mortgage Acceptance Company, LLC
    Year
    2016
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Received Private Equity Deal of the Year Award for Representation of BlackRock in Its Acquisition of FutureAdvisor
    Year
    2016
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Received U.S.A. Private Equity Deal of the Year Award for Representation of Stone Point Capital in Its Acquisition of NFP Advisor Services (Kestra Financial)
    Year
    2015
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Received the North America Private Equity Deal of the Year Award (Middle Markets) for the Representation of Stone Point Capital in Its Acquisition of Oasis Outsourcing
    Year
    2015
    Name
    Global M&A Network’s M&A Atlas Awards
    Description
    Received the North America Deal of the Year Award (Small Markets) for the Representation of SJ Partners in Its Sale of Spectrio LLC
    Year
    2015
    Name
    CPA & ESQ Awards
    Description
    Named Law Firm of the Year
    Year
    2013
    Name
    ACQ Global Awards
    Description
    Named New York Corporate Law Firm of the Year
    Year
    2013
    Name
    Corporate INTL Magazine
    Description
    Named New York Business Law Firm of the Year

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