Gavin Westerman

Biography

Gavin Westerman

Gavin Westerman is a partner in Weil’s M&A practice. With a practice focused on corporate restructurings, he regularly acts as counsel to companies, equity holders, creditor committees and purchasers in chapter 11 reorganizations, out-of-court restructurings and exchange offers. Mr. Westerman’s experience also includes representing public and private companies, as well as private equity funds, in connection with acquisitions and divestitures, both public and private, domestic and cross-border. He also counsels clients regarding general corporate matters, including reporting requirements, corporate governance issues and other strategic considerations. Representative transactions include:

Restructuring Transactions Company Representations

  • Aéropostale, Inc. in its $243 million 363 bankruptcy sale to a consortium including General Growth Properties, Authentic Brands Group, Simon Property Group, Gordon Brothers Retail Partners LLC, and Hilco Merchant Resources LLC
  • Fairway Group Holdings and its subsidiaries, an iconic New York supermarket chain, in their prepackaged chapter 11 cases
  • Vantage Drilling Company and its subsidiaries in their prepackaged chapter 11 cases to restructure more than $2.5 billion in senior secured debt
  • The Great Atlantic & Pacific Tea Company (A&P) and its direct and indirect subsidiaries in the sale of their stores as part of their chapter 11 cases commenced in 2015
  • LodgeNet Interactive in its sale to Colony Capital through its prepackaged chapter 11 filing
  • Chassix Holdings, Inc. and its domestic subsidiaries, in connection with the negotiation of multiple commercial agreements with suppliers in connection with their prearranged chapter 11 restructuring
  • Endeavour International Corporation in its chapter 11 filing
  • The indirect owner of Aquilex Holdings LLC in the out-of-court restructuring of Aquilex, through a voluntary exchange offer and rights offering
  • The Oversight Committee of the Board of Trustees of Centerline Holding Company in its comprehensive debt restructuring, recapitalization and sale of businesses to Island Capital Group

Restructuring Transactions Creditor Representations

  • Ad hoc group of secured lenders in the out-of-court restructuring of Stallion Oilfields
  • Ad hoc group of secured lenders in the out-of-court restructuring of Things Remembered
  • Ad hoc group of secured lenders in the chapter 11 restructuring of Aspect Software, including related consortium arrangements
  • Ad hoc group of secured lenders in the chapter 11 restructuring of Magnum Hunter Resources Corporation, including related consortium arrangements
  • Ad hoc group of senior noteholders in the chapter 11 restructuring of K‑V Pharmaceutical, including related consortium arrangements
  • Ad hoc group of second lien bondholders in the out-of-court restructuring of DirectBuy

Public Company / Private Equity Transactions

  • Funds affiliated with Blackstone Tactical Opportunities (an affiliate of The Blackstone Group L.P.) in a strategic investment in The PMI Group, Inc. together with a commitment to provide working capital financing in exchange for warrants and certain other rights
  • FXCM, Inc. in connection with movement in Swiss Franc, financing transaction with Leucadia National Corporation and adoption of rights plan
  • NBC Universal and parent General Electric in GE’s $37.25 billion joint venture with Comcast for ownership of NBC Universal and Comcast’s cable channels and regional sports networks and, thereafter, GE in the $18.1 billion sale of its remaining 49 percent stake in NBCUniversal and related real estate to Comcast
  • GS Capital Partners in the sale of USI Insurance Services to Onex Corporation
  • ProSight Specialty Insurance Holdings (portfolio company of GS Capital Partners and TPG Capital) in its acquisition of NYMAGIC

Mr. Westerman was named among the winners of the 2016 M&A Advisor Emerging Leaders Awards in the Legal Advisor category and has been recommended for M&A: large deals ($1bn+) by Legal 500 US. Mr. Westerman is also actively involved in pro bono matters and, in 2014, received a Commitment to Justice Award from Her Justice.

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