Stephanie L. Teicher

Stephanie L. Teicher

Partner, Banking

Stephanie L. Teicher is co-head of the firm’s Private Equity Group and previously served on Skadden’s Policy Committee, its highest governing body. She represents private equity firms, portfolio companies, strategic investors, banks and other financial institutions in connection with acquisition financings, leveraged buyouts, bridge loans, private placements and other types of complex and traditional financings.

Bio

Ms. Teicher’s practice extends across all industries, with a particular emphasis on telecommunications, media and technology.

Ms. Teicher is recommended as a leading banking lawyer by Chambers Global, Chambers USA, The Legal 500 and IFLR1000, which named her as one of its 2021 Americas Women Leaders. In 2016 and 2018, Ms. Teicher was named Best in Banking and Finance at the Euromoney Legal Media Group’s annual Americas Women in Business Law Awards.

Examples of Ms. Teicher’s experience include representing:

Private Equity Engagements

  • Antarctica Capital, Mubadala Capital and Softbank in the financing for their acquisitions of Imperial Parking Corporation and Citizens Parking;
  • The Blackstone Group in the financing for its acquisition of Lendmark Financial Services and the financing for its portfolio company The Performance Food Group’s proposed (but terminated) acquisition of 11 distribution centers from US Foods and Sysco Corporation;
  • Integrated Whale Media Investments, a Hong Kong-based investments group, in its purchase of a majority stake in Forbes Media;
  • MacAndrews & Forbes in numerous financings, including a $250 million credit facility to finance its going-private acquisition of M&F Worldwide, its $750 million credit facility to finance its leveraged buyout of Deluxe Entertainment Group, and the financing for its leveraged partnership with The Renco Group to own AM General;
  • NorWest Equity Partners in the financing for its acquisition of West Star Aviation and the Clover Imaging Group;
  • Pamplona Capital Management in the financing for its acquisition of Veritext; financings for its portfolio companies CSC ServiceWorks and Latham Pool; and in connection with the sale of nThrive’s technology business to Clearlake Capital;
  • Permira Advisers in numerous transactions, including the financing for its acquisitions of Cambrex, Axiom, Cielo, DiversiTech, Lyophilization Services of New England, Atrium Innovations, Intelligrated and Renaissance Learning. The Axiom transaction was recognized as IFR’s 2019 North American Middle Market Deal of the Year;
  • PSP Investments in numerous financings, including its participation in the financing of Apollo Global Management’s acquisition of The ADT Corporation;
  • Sentinel Capital Partners in the financing for its acquisitions of PlayCore and Total Military Management;
  • TPG Capital in the financing for its $1.5 billion acquisition of The Warranty Group;
  • Veritas Capital in the financings for its $2.8 billion acquisition of Cubic Corp. and for its portfolio company Cotiviti’s acquisition of certain technology, analytics and engagement solution assets from HMS; and
  • Wendel SE in the financing for its acquisition of Crisis Prevention Institute and, with its portfolio company AlliedBarton Security Services, in the financing for its merger with Warburg Pincus-backed Universal Services of America.

Corporate Engagements

  • A&E Television Networks in its private placement of senior notes and credit facility to finance its redemption of NBC’s equity in A&E;
  • Cava Group in the financing for its acquisition of Zoe’s Kitchen;
  • Chipotle Mexican Grill in its $600 million revolving credit facility;
  • Cineworld Group PLC in its $4.3 billion financing in connection with its acquisition of Regal Entertainment Group and its $2.3 billion financing in connection with its terminated acquisition of Cineplex;
  • Dassault Systemes SE in the financing aspect of its $5.7 billion acquisition of Medidata Solutions Inc.;
  • Del Frisco’s Restaurant Group in its $440 million financing for its acquisition of Barteca Restaurant Group; 
  • DigitalGlobe in its $1.2 billion financing in connection with its acquisition of GeoEye;
  • E.I. DuPont de Nemours and Company in numerous transactions, including its $6 billion bridge financing in connection with its acquisition of Danisco A/S; its $4.9 billion sale of DuPont Performance Coatings to The Carlyle Group; the tax free spin-off of its global performance chemicals business to The Chemours Company and the related $2.5 billion credit facility for Chemours; the financing aspects of its $130 billion merger with The Dow Chemical Company; its $7.5 billion financing in connection with the spin-off of its nutritional and biosciences segment in a reverse Morris trust transaction; and its $5.2 billion financing in connection with its pending acquisition of Rogers Corporation;
  • Express Scripts in numerous transactions including its $14 billion bridge financing in connection with its acquisition of Medco Health Solutions, its $2.5 billion bridge financing in connection with its acquisition of Wellpoint’s NextRx subsidiaries and its $67 billion acquisition by Cigna. The Medco transaction was recognized in the Financial Times’ 2012 U.S. Innovative Lawyers report;
  • Hubbard Broadcasting in its $405 million credit facility in connection with its acquisition of 17 radio stations from Bonneville International Corporation;
  • Las Vegas Sands Corporation in its $1.2 billion seller financing to affiliates of Apollo Global Management in connection with its pending sale of The Venetian and Palazzo Resorts;
  • Leidos Holdings in the financing for its $1.65 billion acquisition of Dynetics and $1 billion acquisition of L3Harris Technologies’ Security Detection and Automation business;
  • NCR Corporation its $2.7 billion financing in connection with its acquisition of Cardtronics plc, its $2.2 billion credit facility and its $1.2 billion bridge credit facility in connection with its acquisition of Digital Insight Corporation;
  • NDS Group Limited, a company jointly owned by Permira Funds and News Corporation, in its $1.125 billion credit facility and its $5 billion sale to Cisco Systems;
  • NetScout Systems in its $800 million credit facility entered into in connection with its acquisition of the communications business split off from Danaher Corporation;
  • Performance Food Group in its $2 billion bridge and ABL financing in connection with its acquisition of Reinhart Foodservice;
  • Sprint Nextel Corporation in connection with its $21.6 billion sale of a 78% stake to Softbank Corp. and its $3.6 billion acquisition of the remaining stake in Clearwire Corporation that it does not already own. Both transactions were recognized in the Corporate & Commercial category in the Financial Times’ 2013 U.S. Innovative Lawyers report; and
  • Valeant Pharmaceuticals in its $15 billion financing for its acquisition of Salix Pharmaceuticals.

Lender Engagements

  • Bank of America Merrill Lynch, RBS Securities and Morgan Stanley Senior Funding in a $3.8 billion secured credit facility for Crown Castle International;
  • JPMorgan Chase Bank in credit facilities for Grab Holdings, Clearwater Analytics, Pinterest, Crown Castle International and Bed Bath & Beyond;
  • Morgan Stanley Senior Funding in numerous financings, including for Snap Inc. (f/k/a Snapchat); Palantir; Uber Technologies; The Lending Club; Dropbox; Airbnb; Blue Apron; Silicon Graphics; Shutterfly; Dialog Semiconductor; Cypress Semiconductor; AVG Technologies; Websense; Intersil Corporation; Microsemi Corporation; and Advanced Micro Devices; and
  • Morgan Stanley Senior Funding, Bank of America, JPMorgan Chase Bank and Barclays in a $7.1 billion bridge facility for Crown Castle International in connection with its acquisition of Lightower and a $3.4 billion bridge facility in connection with its acquisition of 9,700 tower sites from AT&T.

Credentials

Education

  • J.D., Georgetown University Law Center 1996 (magna cum laude; Order of the Coif)
  • B.A., University of Pennsylvania, 1993 (magna cum laude)

Admissions

  • New York
  • District of Columbia

Stephanie L. Teicher