Press Release 02.19.19
Latest Hires Expand Firm’s PE Bench, Continue NY Expansion
Ted Powers has a broad practice that covers private equity and venture capital transactions, mergers and acquisitions transactions, equity investments, and joint ventures involving public and private companies and private equity and venture capital funds globally.
His practice spans multiple industries, with a particular focus on the financial services, financial technology and life sciences sectors. Ted regularly advises senior management and boards of directors of both public and privately held entities on strategic and corporate governance matters. Ted represents acquirers, targets, sponsors and financial advisors in public and private merger and acquisition transactions, joint ventures, strategic equity investments, and corporate control contests across multiple industries and geographies.
Represented sellers in the sale of Nephila Holdings Ltd. to Markel Corporation for an enterprise value of approximately $1 billion.
Represented Aspen Insurance Holdings Limited in its agreement to be acquired by certain investment funds affiliated with Apollo Global Management for $2.6 billion.
Represented SoftBank Corp. in its acquisition of a 78% stake in Sprint Nextel for an enterprise value of $44.8 billion.
Represented Comtech Telecommunications Inc. in its approximately $224 million tender offer for Radyne Corporation.
Represented Lazard Frères & Co. LLC as financial advisor to Amazon.com, Inc. in connection with Amazon’s approximately $300 million tender offer for Audible Inc.
Represented CEMEX S.A.B. de C.V. in its approximately $255 million divestiture of certain assets to CRH plc in connection with its acquisition of Rinker Group Ltd.
Represented an investment management firm, with approximately $3.0 billion of assets under management, in matters related to its investment in a global provider of dry bulk seaborne transportation services through the ownership and management of dry bulk vessels.
Represented Avaya Inc. in its approximately $8.2 billion agreement to be acquired by a private equity consortium composed of Silver Lake Partners III L.P. and TPG Partners V L.P.
Represented Stena AB in various matters, including in connection with tender offer and consent solicitations, an offer to purchase senior notes, and a European note offering.
Represented Employers Holdings Inc. in its conversion from a mutual insurance holding company to a stock corporation and its related $523 million initial public offering.
Represented Rusal in its approximately $400+ million acquisition of an alumina/bauxite mine and facility in Australia and its approximately $300+ million proposed acquisition of a mine and facility in Jamaica in the Kaiser Aluminum bankruptcy cases.
Honors & Awards
Recognized as a “Rising Star” in the area of Mergers & Acquisitions by New York Super Lawyers.
Ted is a member of the American Bar Association, the New York State Bar Association, and the Delaware Bar Association.
J.D., University of Pennsylvania Law School, 2002
University of Pennsylvania, Wharton School
Certificate of Study in Business and Public Policy
B.A., The Johns Hopkins University, 1999