• Adi Herman advises private equity sponsors and strategic businesses on financial and corporate transactions, including mergers and acquisitions, take-privates, dispositions, carve-out transactions, joint ventures, minority investments, restructurings and recapitalizations, as well as general corporate and governance matters. In addition, Adi frequently represents sponsors in growth capital investments and pre-IPO financings. His experience spans a variety of industries, including health care, technology, consumer products, manufacturing, financial services, logistics/transportation services and retail. 

    Experience

    • Represented Sentinel Capital Partners in its acquisition of Bandon Holdings, the largest franchisee of Anytime Fitness, with more than 213 Anytime Fitness clubs in 24 states.

    • Represented Sentinel Capital Partners and its portfolio company, Controlled Products LLC, a manufacturer and distributor of premium synthetic turf products for sports, training, leisure and landscaping, in its acquisition of The Recreational Group, a designer, manufacturer, and installer of premium recreational surfacing products, from Eagle Merchant Partners.

    • Represented Sentinel Capital Partners in its sale of portfolio company Captain D’s, a leading seafood quick service restaurant chain.

    • Represented Sentinel Capital Partners in its acquisition of SPL, a leader in testing, inspection, and certification services for energy and environmental markets.

    • Represented The NPD Group, a global market information provider, in its acquisition by private equity firm Hellman & Friedman.

    • Represented Sentinel Capital Partners in its acquisition of Controlled Products, a manufacturer and distributor of premium synthetic turf products.

    • Represented BlackRock in its strategic collaboration with Rhodium Group on climate analytics.

    • Represented the co-founders of PSPDFKit, an Austrian-based leading document processing and manipulation platform for developers and enterprise businesses, in the strategic investment of more than EUR 100 million in PSPDFKit in by Insight Partners.

    • Represented Capstar SPAC in its merger with Gelesis, a biotherapeutics weight management company using proprietary biomimetic superabsorbent hydrogel technology, in a $900 million transaction.

    • Represented BlackRock in a minority investment in SpiderRock Advisors, a leading provider of customized options strategies in the U.S. wealth market. 

    • Represented Paine Schwartz Partners in its acquisition of Kynetec, an agricultural and market research company.

    • Represented Sentinel Capital Partners in the sale of Pet Supplies to Franchise Group Inc., an all cash transaction valued at approximately $700 million.

    • Represented financial institutions holding $3.7 billion of bond debt in a backstop purchase agreement for $500 million of first lien notes and ordinary shares in Valaris plc, one of the largest offshore oil rig companies in the world, as well as a restructuring support agreement and $500 million DIP financing.

    • Represented financial institutions holding priority guaranteed notes in connection with a backstop purchase agreement for $200 million of second lien notes and ordinary shares in Noble Corp. plc, a leading offshore drilling owner and operator, as well as a restructuring support agreement.

    • Represented TZP Group in connection with various acquisitions and divestitures, including the divestiture of The Dwyer Group; the acquisitions of Lift Brands, BigName Holdings, Family Entertainment Group, This Old House, Library Associates, Del Mar Recovery Solutions, Advocate Consulting, Dynamic Communities and Constellation Advisers; and an investment in The Black Tux Inc.

    • Represented Apax Partners and Apax Digital Fund in various acquisitions, including the acquisitions of MetaMetrics, Dominion Marine Media and GlobalLogic Inc., and the $2 billion dual-leveraged acquisition of Epicor Software Corp. (effectuated by public tender offer) and Activant Group Inc.

    • Represented GlobalLogic and Apax Funds in the sale of Apax Funds’ ownership stake in GlobalLogic to Partners Group.

    • Represented GPI Capital in various growth capital transactions, including in connection with a $225 million convertible preferred equity investment round in Postmates Inc., a $500 million equity investment round in LegalZoom and a preferred equity investment in Zeta Global.

    • Represented The Simply Good Foods Co. in its $1 billion acquisition of Quest Nutrition LLC.

    • Represented Nordic Capital in its acquisition of ArisGlobal LLC.

    • Represented Nordic Capital in its acquisition of a majority stake in Orchid Orthopedics Solutions.

    • Represented Nordic Capital in its acquisition of ERT from Genstar.

    • Represented Bruckmann, Rosser, Sherrill & Co. LLC in its $198 million sale of InMotion to WH Smith PLC.

    • Represented Vista Equity Partners in multiple take-private transactions, including its $4.3 billion acquisition of TIBCO Software and its $178 million acquisition of XRS Corp.

    • Represented Bain Capital in its acquisition of Brillio, a global digital technology consulting and solutions company.

    • Represented EQT (through its EQT VII fund) on the acquisition of Acumatica, a U.S.-based and fast-growing software-as-a-service company, which provides customers with true cloud enterprise resource planning solutions.

    • Represented EQT Mid Market US in its acquisition of Data Intensity LLC from Audax Private Equity.

    • Represented Direct ChassisLink Inc., an EQT Infrastructure portfolio company, in its acquisition of TRAC Intermodal’s domestic chassis fleet.

    • Represented Bristol-Myers Squibb in its $2.07 billion acquisition of Cardioxyl Pharmaceuticals Inc.

    • Represented Lincolnshire Management in its acquisitions of True Temper and Powerhouse Retail Services.

    • Represented Greenbriar Equity Group in its acquisitions and subsequent divestitures of Frauscher Sensor Technology and World Freight Co.

    • Represented Dominus Capital in its acquisition and divestiture of Bentley Mills.

    • Represented Trilantic Capital Partners in its acquisition and subsequent sale of Addison Group to Odyssey Investment Partners.

    • Represented 3i Group plc in its $136 million investment in Cirtec Medical.

    • Represented ABRY Partners in its $1.325 billion sale of its majority equity interest in York Risk Services Group to Onex Corp.

    • Represented ABRY Partners in its sale of Talent Partners to the Carlyle Group.

    • Represented The Boeing Co. in its acquisition of Miro Technologies.

    • Represented Macquarie Atlas Roads in its $445 million acquisition of the remaining 50 percent economic interest in the Dulles Greenway.

    • Represented L Catterton Partners in its sale of Mid-Atlantic Convenience Stores to Sunoco.

    • Represented Clearwire Corp. in Sprint’s acquisition of the stake in Clearwire that Sprint did not own, implying a $14 billion enterprise value, and the unsolicited competing offer for Clearwire by DISH Networks.

    • Represented First Atlantic Capital in its acquisitions of Resource Label Group, Pamco Label and C-P Flexible Packaging.

    • Represented Hadera Paper in the sale of its minority stake in Hogla-Kimberly Ltd. to Kimberly-Clark.

    • Represented Health Grades Inc., a Vestar Capital Partners portfolio company, in its acquisition of Customer Potential Management Marketing Group.

    • Represented ICV Partners in its divestiture of The Marshall Retail Group to Brentwood Associates.

    • Represented ICV Partners in its acquisition of SAFE Security.

    • Represented Misys Limited, a U.K.-based portfolio company of Vista Equity Partners, in its C$4.8 billion take-private and combination with Canada-based financial technology firm DH Corp.

    • Represented Ozburn-Hessey Logistics, a portfolio company of Welsh, Carson, Anderson & Stowe, in its sale to Geodis SA.

    • Represented Palladium Equity Partners LLC in its acquisition of TransForce Inc.

    • Represented Palladium Equity Partners LLC in its acquisition of Goodwest Industries.

    • Represented Radiation Therapy Services, a Vestar Capital Partners portfolio company, in its acquisition of Oncure Holdings Inc.

    • Represented the Special Committee of the Board of Directors of EXCO Resources Inc. in connection with its response to the proposal by Douglas H. Miller, chief executive officer of EXCO, to take EXCO private in a $5.4 billion transaction.

    • Represented Warburg Pincus in an investment resulting in a 5 percent stake in the private equity firm by a European family holding company.

    • Represented Court Square Capital in the formation of its leveraged buyout fund Court Square Capital Partners III L.P.

    • Represented Coyote Logistics in its 2015 equity and debt recapitalization.

    Credentials

    Education

    • LL.M., Columbia Law School, 2010
      • Harlan Fiske Stone Scholar
      • Columbia Society for International Law
    • Magister Juris, Vienna University School of Law, 2007

    Bar Admissions

    • New York, 2011

    Clerkships

    • Vienna Courts of Justice, Austria

    Languages

    • Hebrew
    • German
    • Spanish