A partner in the Finance Group, Mark Adler represents private equity sponsors, their portfolio companies, public companies and alternative capital providers in complex financial transactions, including acquisition financings, liability management exercises, recapitalizations, in- and out-of-court restructurings and other special situation transactions. He has significant experience advising both public and private clients on broadly syndicated and privately placed financings, rescue financing, “debtor in possession” and bridge financings and other bespoke financing arrangements.
Mark’s private equity clients have included, among others, Abry, Advent, Apax, Audax, Blackstone, Carlyle, Cerberus, Clearlake, H.I.G., Jordan Company, KKR, New Mountain, One Equity, Rhône, Sentinel, Stonepeak, TCV and TowerBrook, as well as their portfolio companies.
Mark has acted on financing transactions with values ranging from less than $50 million to over $7 billion, including*:
Private Equity
- Abry Partners and its portfolio companies in the financing aspects of several transactions, including investments in Acrisure, DataMentors, Hersha Hospitality Management and Millennium Trust
- Advent International and its portfolio companies in the financing aspects of several transactions, including investments in CCC Intelligent Solutions, Olaplex and TK Elevator
- Altas Partners in the first- and second-lien refinancing of Capital Vision Services’ debt and the subsequent sale of the company
- Apax Partners and its portfolio companies in the financing aspects of several transactions, including investments in Aptos, Thoughtworks, Quality Distributors and FullBeauty
- Audax Management Company and its portfolio companies in the financing aspects of several transactions, including its investment in ICP Chemical Group
- The Carlyle Group and its portfolio companies in the financing aspects of several transactions, including investments in Sedgewick and NEP Group
- Clearlake Capital and its portfolio companies in the financing aspects of several transactions, including investments in Bamboo Health, BetaNxt, Confluence, DigiCert, Dodge, EagleView, Newfold, Precisely, RSA and Zywave
- I.G. Capital in the financing aspects of its investment in, and subsequent refinancings for, its portfolio company TKC Holdings
- The Jordan Company in the financing aspects of its acquisition of Eastern Warehouse Distributors by Parts Authority, a related refinancing and the subsequent sale of Parts Authority
- KKR in the incremental financing of Cardenas Markets and subsequent refinancing
- Klöckner Pentaplast Group in the financing aspects of its acquisition of LINPAC and concurrent approximately €2 billion global refinancing, and subsequent refinancings
- L Catterton in the financing aspects of its acquisition of Leslie’s Holdings
- New Mountain Capital and its portfolio companies in the financing aspects of several transactions, including investments in Careismatic Brands and Diversified Foodservice Supply
- One Equity Partners in the financing aspects of its investment in Brown & Root Industrial Services and subsequent add-on acquisitions and financings
- Rhône Capital in the financing aspects of its acquisition of Wellbore Integrity Solutions and subsequent financing matters
- Sentinel Capital and its portfolio companies in the financing aspects of several transactions, including investments in MB2 Dental Solutions, High Performance Industries, Driven Performance Brands and GSM Holdings
- Technology Crossover Ventures in the financing aspects of its acquisition of, and subsequent financing matters for, Kipu Health and Kipu Systems
- TowerBrook Capital in the financing aspects of its majority investment in Demakes Enterprises
Distressed, Special Situations & Restructuring
- An ad hoc group of first-lien noteholders holding over $1 billion of notes in the financing and restructuring of a wireless communications company, including its DIP, backstop and exit financing
- American Entertainment Properties (“AEP”), a subsidiary of Icahn Enterprises, in its recapitalization and DIP financing in connection with the Chapter 11 cases of AEP’s affiliate, Auto Plus
- AppHarvest and its subsidiaries in bridge and DIP financings in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas
- Avant Gardner in its recapitalization and multiple related financings
- Barney’s New York and its affiliates in connection with their debtor-in-possession financing
- Blackstone and its portfolio companies in the financing aspects of several transactions, including an investment in Center for Autism and Related Disorders
- Clearlake Capital in its recapitalization transaction and equity investment for Learfield, a leading media and technology company powering college athletics
- Conn’s in the financing aspects of its successful Chapter 11 plan in the U.S. Bankruptcy Court for the Southern District of Texas, including $1.1 billion of total debt and obligations
- Ebix, which operates an insurance exchange platform and other financial services focused on the insurance industry, in its Chapter 11 cases, including DIP financing and various prepetition financing transactions
- FullBeauty Brands and its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court of the Southern District of New York and the subsequent uptier of its first-lien exit financing
- GenOn Energy in the $1.8 billion renegotiation of certain leveraged leases and the comprehensive restructuring of its capital structure
- Harvest Sherwood in the refinancing of their asset-backed lending facility and subsequent Chapter 11 filing and related DIP financing
- Kayropharm Therapeutics in comprehensive financing and capital structure transactions
- Certain bank lenders of Samarco, a Brazilian producer of iron ore pellets, in connection with Samarco’s in-court restructuring in Brazil and its Chapter 15 case in the U.S.
- Stonepeak Infrastructure Partners in the recapitalization and take-private of Akumin and its subsidiaries through a prepackaged Chapter 11 process and subsequent financing transactions
- Velo3D, a leader in scalable metal 3D printing technology, in a debt-for-equity exchange transaction with Arrayed Notes Acquisition Corp
- Vericast Corp. in multiple transactions in connection with its funded debt, including the refinancing of its revolving credit facility, its term loan amend and extend and related downtiering of certain secured bonds
Public Companies
- Restaurant Brands International, a multinational fast-food holding company comprised of Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, and Tim Hortons, in the refinancing of it $7+ billion credit facilities
- Teva Pharmaceuticals North America in connection with its bank debt, including the $2.3 billion refinancing of its revolving credit facility
- R. Grace in its approximately $1.35 billion global refinancing
- A healthcare operations software company in its committed acquisition financing
- A web-hosting solutions company in the issuance of first-lien secured bonds
- A consumer finance company in a revolving credit facility
*Includes matters handled prior to joining Paul, Weiss
