Skadden | Research Guide
QUICK FACTS:
- Founding Year: Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, commonly known as Skadden, was founded in 1948 in New York City.
- Global Presence: Skadden has a strong international presence with offices in key financial and business centers around the world, including North America, Europe, Asia, and the Middle East - 22 glboal offices.
- Practice Areas: The firm offers a wide range of practice areas, including mergers and acquisitions, capital markets, litigation, restructuring, antitrust, and more.
- Client Base: Skadden serves a diverse client base that includes multinational corporations, financial institutions, government agencies, and non-profit organizations, including sports star Lionel Messi.
- Complex Transactions: The firm is known for handling complex and high-value transactions, often involving cross-border elements and intricate legal challenges, such as multi-billion dollar M&A deals and cross-border financing arrangements.
- Legal Innovation: Skadden is recognized for its innovative legal solutions and forward-thinking approaches to addressing clients' needs.
- Diversity and Inclusion: The firm is committed to fostering a diverse and inclusive workplace, valuing different perspectives and backgrounds - Skadden received a score of 100% on the 2022 Corporate Equality Index.
- Pro Bono Commitment: Skadden is actively engaged in pro bono work, undertaking impactful cases that contribute to social justice and community welfare - over the last 10 years, Skadden has delivered approximately 2 million hours in Pro Bono Commitment.
- Awards and Recognition: Skadden has received numerous awards and accolades for its legal services, innovation, and corporate social responsibility efforts (10 Practice area wins (Law360) - https://www.skadden.com/about/news-and-rankings/news/2023/01/law360-practice-group-of-the-year-awards-2022)
- Global Rankings: The firm consistently ranks among the top law firms globally in various legal directories and publications.
PRACTICE AREAS AND RECENT DEALS:
Sports:
- Skadden is advising seven-time Ballon d’Or winner and FIFA World Cup champion Lionel Messi on his agreement to sign with Inter Miami CF as a designated player - https://www.skadden.com/about/news-and-rankings/news/2023/07/lionel-messi-signs-with-inter-miami
- Bruce Sherman as lead investor of a consortium that included Derek Jeter and Michael Jordan in the $1.2 billion acquisition of the Miami Marlins MLB franchise from Jeffrey Loria. Upon the closing, Mr. Sherman became chairman, principal owner and control person of the Marlins.
- FaZe Clan Inc. in its merger with B. Riley Principal 150 Merger Corp. at an equity value of $1 billion.
Private Equity:
- Veritas Capital in:
its $2.1 billion acquisition of Standard Aero Holdings, Inc. (Canada), a provider of aircraft maintenance services, from Dubai Aerospace Enterprise (DAE) Ltd. (United Arab Emirates). Skadden also represented Veritas Capital in connection with the related financing, which included a $485 million Rule 144A/Regulation S high-yield offering of 10% senior notes due 2023 by DAE Aviation Holdings, Inc.; and
its acquisition of GE Intelligent Platforms Embedded Systems Inc. from General Electric Company.
2. Permira Funds (United Kingdom) in:
its $1.9 billion sale of an 80 percent stake in Netafim Ltd. (Israel) to Mexichem, S.A.B. de C.V. (Mexico); and
the $3.5 billion sale of its portfolio company Arysta LifeScience Limited (Ireland), a provider of crop protection products, to Platform Specialty Products Corporation, a producer of specialty chemicals.
3. Permira Funds (United Kingdom) in:
its $1.9 billion sale of an 80 percent stake in Netafim Ltd. (Israel) to Mexichem, S.A.B. de C.V. (Mexico); and
the $3.5 billion sale of its portfolio company Arysta LifeScience Limited (Ireland), a provider of crop protection products, to Platform Specialty Products Corporation, a producer of specialty chemicals.
Corporate Restructurings:
- Barclays Bank in connection with its roles as pre- and post-petition lender and agent under various multibillion-dollar financing facilities with Ditech Holding Corporation
- Bank of America, as administrative agent, in the high-profile and complex restructurings of Sears, Toys “R” Us, Algeco Scotsman Group and VER Technologies
- Delphi Corporation in connection with the restructuring of more than $22 billion in liabilities