Funds Talk: October 2016
Kramer Levin Elevates Three to Partnership
Howard T. Spilko, Co-chair of the Corporate Department, counsels and represents clients in domestic and cross-border mergers and acquisitions and joint ventures, with an emphasis on middle-market transactions. Mr. Spilko works with a broad range of clients, from private equity firms, hedge funds and entrepreneurial ventures to large, well-known multinational companies. Mr. Spilko has particular knowledge and experience in the strategic use of representations and warranties insurance in acquisitions. He helped develop those products more than 20 years ago, and advises numerous insurers on the underwriting of these policies, giving him a unique perspective on this practice. Both Chambers USA and Legal 500 have repeatedly recognized Mr. Spilko as a highly regarded practitioner in mergers and acquisitions and other transactional work, citing clients and industry observers who describe him as “excellent” and "a consistent, steady hand in negotiations” (Chambers USA 2016), as well as a “strategic ally to clients; his willingness to go the extra mile is well known, and his low-key style belies his shrewdness as a negotiator.” (Legal 500 US 2014) He has been commended over the years for his ability to “unlock hidden value in a deal, and steer transactions to successful closings with grace” and “bring both sides together in a difficult transactional environment,” and he has been described as an “entrepreneurial” and “accomplished” attorney with “great skills and is highly practical” and a “great draftsman and a great problem-solver, ” who “produces fair-priced, impeccable legal work.” Legal 500 US recently noted his “particular knowledge of the strategic use of representations and warranties insurance during acquisitions” (Legal 500 US 2016), and Global M&A Network named him to its Top 50 Americas M&A Lawyer and Star Dealmakers lists in 2014.
Among his most notable work, Mr. Spilko has represented Stone Point Capital and its Trident funds in numerous acquisitions, dispositions and joint ventures; Perella Weinberg Partners and its Asset-Based Value funds in numerous transactions, investments and joint ventures, including the formation of Liberty Island, a joint venture with Prudential Mortgage to originate commercial mortgage loans; and Fortress Investment Group in multiple joint ventures, investments and acquisitions. He has represented American International Group in multiple transactions, including those involving several international finance platforms, and AmTrust Financial Services in its acquisition of CCP North America, a provider of tools and services for identity management and lifestyle solutions. Mr. Spilko has also advised American International Group, Allied World Assurance Company and The Hartford Group in connection with the underwriting and issuance of transactional insurance products. In addition to his work on behalf of clients, Mr. Spilko serves as a member of the firm’s Executive Committee.