Thomas D. Cunningham

The M&A Advisor recognized three of Sidley’s high-profile restructuring deals at its 17th annual Turnaround Awards. Sidley was recognized for “SEC.363 Sale of the Year (Over $100MM)” for work representing the CEO of Fashion Nova, Richard Saghian, in connection with his successful $126 million bankruptcy auction purchase of “The One,” a 105,000-square-foot “mega mansion” in Bel Air, Los Angeles. The team was led by Sam Newman and included Michael G. Burke, Genevieve G. Weiner, Jeri Leigh Miller, and Julia Philips Roth (all from Restructuring), Keith Hayden Del Prete and Jonathan Koh (both from Real Estate), and Amy P. Lally and Tatiana K. Fields (both from Commercial Litigation and Disputes). “Telecommunications Deal of the Year” was won by Sidley for its work as Committee Counsel on the acquisition of the assets of Pareteum Corporation, a cloud software communications platform company, and its affiliated debtors by Circles MVNE Pte. Ltd. and Channel Ventures Group LLC. The team was led by New York partner Michael G. Burke and included Matthew A. Clemente, Jeri Leigh Miller, and Maegan Quejada (all from Restructuring), with the assistance of James Heyworth (Securities and Shareholder Litigation) and Thomas D. Cunningham (Privacy and Cybersecurity). Sidley’s work on the sale of Ventec Life Systems to React Health won “Distressed M&A Deal of the Year ($25MM to $50MM).” Ventec is a developer of portable multi-function respiratory systems designed to improve patient outcomes and reduce caregiver challenges in the hospital and home. The Sidley team was led by Los Angeles partner Sam Newman and included Anthony R. Grossi, Genevieve Weiner, Thomas R. Califano, Julia Philips Roth, Michael Sabino, and Ryan Fink (all from Restructuring), with assistance from partner Vijay S. Sekhon (Private Equity), and associates Jonathan Simons and Alec Mitrovich (both from M&A). The annual Turnaround Awards recognize the transactions, firms, and individuals that represent the highest levels of performance in the distressed investing and reorganization industry.~~The M&A Advisor recognized three of Sidley’s high-profile restructuring deals at its 17th annual Turnaround Awards. Sidley was recognized for “SEC.363 Sale of the Year (Over $100MM)” for work representing the CEO of Fashion Nova, Richard Saghian, in connection with his successful $126 million bankruptcy auction purchase of “The One,” a 105,000-square-foot “mega mansion” in Bel Air, Los Angeles. The team was led by Sam Newman and included Michael G. Burke, Genevieve G. Weiner, Jeri Leigh Miller, and Julia Philips Roth (all from Restructuring), Keith Hayden Del Prete and Jonathan Koh (both from Real Estate), and Amy P. Lally and Tatiana K. Fields (both from Commercial Litigation and Disputes). “Telecommunications Deal of the Year” was won by Sidley for its work as Committee Counsel on the acquisition of the assets of Pareteum Corporation, a cloud software communications platform company, and its affiliated debtors by Circles MVNE Pte. Ltd. and Channel Ventures Group LLC. The team was led by New York partner Michael G. Burke and included Matthew A. Clemente, Jeri Leigh Miller, and Maegan Quejada (all from Restructuring), with the assistance of James Heyworth (Securities and Shareholder Litigation) and Thomas D. Cunningham (Privacy and Cybersecurity). Sidley’s work on the sale of Ventec Life Systems to React Health won “Distressed M&A Deal of the Year ($25MM to $50MM).” Ventec is a developer of portable multi-function respiratory systems designed to improve patient outcomes and reduce caregiver challenges in the hospital and home. The Sidley team was led by Los Angeles partner Sam Newman and included Anthony R. Grossi, Genevieve Weiner, Thomas R. Califano, Julia Philips Roth, Michael Sabino, and Ryan Fink (all from Restructuring), with assistance from partner Vijay S. Sekhon (Private Equity), and associates Jonathan Simons and Alec Mitrovich (both from M&A). The annual Turnaround Awards recognize the transactions, firms, and individuals that represent the highest levels of performance in the distressed investing and reorganization industry.

Apr 21

3 min

As South Florida's legal market continues to expand, the need for attorneys in the renewable energy field is growing as well. That's part of why Andrés Chaves says he joined Troutman Pepper Locke's energy transactional practice group as a partner in the West Palm Beach office. Chaves, who concentrates his practice on renewable energy—including wind, solar, hydro, biomass and more—joins the firm from Hogan Lovells. In an interview Tuesday, a day after the firm announced his arrival, he said Troutman Pepper Locke is an active player in the renewable energy space. "Oil and gas isn't going anywhere. Oil and gas, in fact, along with renewables, is only growing, and there's a demand for energy, both domestically and internationally, [it] continues to grow and outpace supply," Chaves said. "The need for development of these projects—whether they be renewable energy, oil and gas, LNG projects—is going to continue to grow." Chaves worked as a consulting attorney at Hogan Lovells, according to his LinkedIn profile. During his four years at the firm, he spent time advising project sponsors, developers, lenders, and private equity investors on transactions related to renewable energy, oil and gas, and infrastructure. Similarly, a big part of Chaves' practice includes Latin American transactions. There's been a significant push to harness renewable energy in the region, but also transactional activity surrounding the import of liquefied natural gas and the operation of gas power generating facilities, according to Chaves. Hogan Lovells did not immediately respond to a request for comment. Sixty five percent of Latin America and Caribbean’s electricity was generated from clean sources last year, above the global average of 41%, according to Ember Energy, which noted fossil fuels provided 35% of the region’s electricity in 2024, down from 47% in 2015. “Andrés’ strong background in the energy sector and his end-to-end deal perspective will further strengthen the firm’s energy capabilities and enhance our South Florida presence,” added Thomas Cunningham, West Palm Beach office managing partner in a statement. Chaves has guided clients across a range of global energy matters. He also advises on private mergers and acquisitions, asset purchases and sales, joint ventures, and cross-border commercial arrangements, according to a news release. "Florida is growing. It's a growing market, including in the energy and infrastructure space, and that's why I'm excited about Troutman in Florida," Chavez said. "Troutman, like those other peer firms, is expanding, and it's it's becoming an increasingly important player in the Florida energy and infrastructure arena."

Nov 25

2 min

Sidley is representing Pretium Partners, LLC, in its agreement to acquire BH Management Services, a property management platform in multi-family, student, and single-family housing. Pretium is a specialized investment firm with more than US$50 billion in assets under management. The deal will enable Pretium to expand its footprint and residential real estate services while also continue providing diverse housing options for its clients. The transaction is expected to close early in the second quarter. The Sidley team is being led by Elizabeth Fries (Investment Funds) and Karen A. Dewis and Matthew D. Stoker (M&A), and includes Jeremy B. Pettit, Amanda M. Patterson, Ashley S. Rogers, Kendall E. Bernard, and Charles S. Warden Jr. (M&A); Keith Del Prete, Jonathan H. Koh, and Natasha Gunasekara Garber (Real Estate); Andrew R. Holland and Scott J.F. Goldstein (Insurance); Carrie Mahan, Vadim M. Brusser, and Nicole Booth (Antitrust and Competition); Stacy Crosnicker (Employee Benefits and Executive Compensation); Cathryn Le Regulski and Sara E. Salmonson (Labor and Employment); Jim Ducayet (Commercial Litigation); Kelly M. Dybala (Global Finance); E. Kyle Barnett (Technology and Life Sciences Transactions); Thomas D. Cunningham (Privacy and Cybersecurity); and Heather Palmer and Greta T. Carlson (Environmental).~~Sidley is representing Pretium Partners, LLC, in its agreement to acquire BH Management Services, a property management platform in multi-family, student, and single-family housing. Pretium is a specialized investment firm with more than US$50 billion in assets under management. The deal will enable Pretium to expand its footprint and residential real estate services while also continue providing diverse housing options for its clients. The transaction is expected to close early in the second quarter. The Sidley team is being led by Elizabeth Fries (Investment Funds) and Karen A. Dewis and Matthew D. Stoker (M&A), and includes Jeremy B. Pettit, Amanda M. Patterson, Ashley S. Rogers, Kendall E. Bernard, and Charles S. Warden Jr. (M&A); Keith Del Prete, Jonathan H. Koh, and Natasha Gunasekara Garber (Real Estate); Andrew R. Holland and Scott J.F. Goldstein (Insurance); Carrie Mahan, Vadim M. Brusser, and Nicole Booth (Antitrust and Competition); Stacy Crosnicker (Employee Benefits and Executive Compensation); Cathryn Le Regulski and Sara E. Salmonson (Labor and Employment); Jim Ducayet (Commercial Litigation); Kelly M. Dybala (Global Finance); E. Kyle Barnett (Technology and Life Sciences Transactions); Thomas D. Cunningham (Privacy and Cybersecurity); and Heather Palmer and Greta T. Carlson (Environmental).

Mar 1

2 min

Sidley is representing Arthur J. Gallagher & Co. (Gallagher) in its definitive agreement to acquire AssuredPartners. Under the agreement, Gallagher will acquire the stock of AssuredPartners’ parent company for gross consideration of US$13.45 billion, representing a pro forma EBITDAC multiple of 14.3x.  After giving effect to an estimated US$1.0 billion deferred tax asset, net consideration is approximately US$12.45 billion. The net consideration EBITDAC multiple is 11.3x after giving effect to the deferred tax asset and estimated synergies. The transaction is subject to customary regulatory approvals and is expected to close during the first quarter of 2025. The Sidley deal team is led by Brian Fahrney, Sean Carney, and Brent Steele, and includes Travis Miller, Peter Riley, Lisa Holzman, Jack Cadden, and Anthony Imburgia (M&A and Private Equity). Additional team members include Ian Helmuth, Ed Perry, Pedro Sacadura Botte, Yeonjoo Ban, and Emmanuel Okoli (M&A and Private Equity); Stephanie Dobecki, James Phythian-Adams, Andrea Hynes, K.C. Nipper, Julie Rodriguez, Sharon DiPrinzio, Luqman Swift, and Omeed Malek (Insurance); Suresh Advani and Tyler Replogle (Tax); James Lowe, Laura Collins, Miriam Carroll Silvestri, Vincent Brophy, and Rosanna Connolly (Antitrust and Competition); Lauren Gallagher, Karim Pirani, and Ryan McLeod (Employee Benefits and Executive Compensation); Teresa Reuter, Peter McCorkell, Emily Wajert, Alex Down, and Nicole Kwan (Labor, Employment and Immigration); Kelly Dybala, Daniel Burkhart, and Christopher Gleason (Global Finance); Michael Heinz (Capital Markets); Anna Remis, Robert Kelly, and Natalie Crawford (Technology and Life Sciences Transactions); Elizabeth McCloy and Brandon Bryer (Real Estate); Thomas Cunningham, Francesca Blythe, Stephen McInerney, Sasha Hondagneu-Messner, and Anila Rayani (Privacy and Cybersecurity); Sven De Knop, Christopher Lock, and Alessandra Moroni (Global Arbitration, Trade and Advocacy); Daniel Rubinstein (White Collar Defense and Investigations); and David Katz, Joanna Travalini, and Morgan Pino (Securities Enforcement and Regulatory).~~Sidley is representing Arthur J. Gallagher & Co. (Gallagher) in its definitive agreement to acquire AssuredPartners. Under the agreement, Gallagher will acquire the stock of AssuredPartners’ parent company for gross consideration of US$13.45 billion, representing a pro forma EBITDAC multiple of 14.3x.  After giving effect to an estimated US$1.0 billion deferred tax asset, net consideration is approximately US$12.45 billion. The net consideration EBITDAC multiple is 11.3x after giving effect to the deferred tax asset and estimated synergies. The transaction is subject to customary regulatory approvals and is expected to close during the first quarter of 2025. The Sidley deal team is led by Brian Fahrney, Sean Carney, and Brent Steele, and includes Travis Miller, Peter Riley, Lisa Holzman, Jack Cadden, and Anthony Imburgia (M&A and Private Equity). Additional team members include Ian Helmuth, Ed Perry, Pedro Sacadura Botte, Yeonjoo Ban, and Emmanuel Okoli (M&A and Private Equity); Stephanie Dobecki, James Phythian-Adams, Andrea Hynes, K.C. Nipper, Julie Rodriguez, Sharon DiPrinzio, Luqman Swift, and Omeed Malek (Insurance); Suresh Advani and Tyler Replogle (Tax); James Lowe, Laura Collins, Miriam Carroll Silvestri, Vincent Brophy, and Rosanna Connolly (Antitrust and Competition); Lauren Gallagher, Karim Pirani, and Ryan McLeod (Employee Benefits and Executive Compensation); Teresa Reuter, Peter McCorkell, Emily Wajert, Alex Down, and Nicole Kwan (Labor, Employment and Immigration); Kelly Dybala, Daniel Burkhart, and Christopher Gleason (Global Finance); Michael Heinz (Capital Markets); Anna Remis, Robert Kelly, and Natalie Crawford (Technology and Life Sciences Transactions); Elizabeth McCloy and Brandon Bryer (Real Estate); Thomas Cunningham, Francesca Blythe, Stephen McInerney, Sasha Hondagneu-Messner, and Anila Rayani (Privacy and Cybersecurity); Sven De Knop, Christopher Lock, and Alessandra Moroni (Global Arbitration, Trade and Advocacy); Daniel Rubinstein (White Collar Defense and Investigations); and David Katz, Joanna Travalini, and Morgan Pino (Securities Enforcement and Regulatory).

Dec 9

3 min

Sidley is representing RenaissanceRe Holdings Ltd. (NYSE: RNR) in its US$2.985 billion acquisition of American International Group Inc.’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot Treaty. The Sidley team is being led by Karen Dewis (M&A) and Sean Carney (Insurance), and includes Aaron Rigby, Matt Stoker, William Howell, Charlie Wilson, Nick DeAngelis, Danielle N. Sismour, Robert C. Uhl, Alexandra I. Rios, Alyssa Levy, and Max Budowsky (M&A); James Phythian-Adams, Andrew R. Holland, Jennifer Norris, Jeremy E. Carroll, Julie Rodriguez, Nicole Mouzakiotis, and Rana J. Odeh (Insurance); Robert A. Ryan, Patricia Wood, and Jennifer Lin (Capital Markets); Banks Bruce, Sean Damm, Carson Calloway, and Kendra Smith (Global Finance); William Blumenthal, Vincent Brophy, and Bethany Wise (Antitrust/Competition); Christian E. Pilhofer (Employee Benefits and Executive Compensation); Elizabeth Shea Fries and Zach Paterick (Investment Funds); Cathryn Le Regulski and Peter McCorkell (Labor and Employment); Thomas D. Cunningham, Sheri Porath Rockwell, and Denise Kara (Privacy and Cybersecurity); and Peter D. Edgerton (Tax).~~Sidley is representing RenaissanceRe Holdings Ltd. (NYSE: RNR) in its US$2.985 billion acquisition of American International Group Inc.’s treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, AlphaCat Managers Ltd. and its managed funds, and all renewal rights to the Assumed Reinsurance Treaty Unit of Talbot Treaty. The Sidley team is being led by Karen Dewis (M&A) and Sean Carney (Insurance), and includes Aaron Rigby, Matt Stoker, William Howell, Charlie Wilson, Nick DeAngelis, Danielle N. Sismour, Robert C. Uhl, Alexandra I. Rios, Alyssa Levy, and Max Budowsky (M&A); James Phythian-Adams, Andrew R. Holland, Jennifer Norris, Jeremy E. Carroll, Julie Rodriguez, Nicole Mouzakiotis, and Rana J. Odeh (Insurance); Robert A. Ryan, Patricia Wood, and Jennifer Lin (Capital Markets); Banks Bruce, Sean Damm, Carson Calloway, and Kendra Smith (Global Finance); William Blumenthal, Vincent Brophy, and Bethany Wise (Antitrust/Competition); Christian E. Pilhofer (Employee Benefits and Executive Compensation); Elizabeth Shea Fries and Zach Paterick (Investment Funds); Cathryn Le Regulski and Peter McCorkell (Labor and Employment); Thomas D. Cunningham, Sheri Porath Rockwell, and Denise Kara (Privacy and Cybersecurity); and Peter D. Edgerton (Tax).

May 22

2 min