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ProfessionalsEdward T. Ackerman

Edward T. Ackerman
Partner

Tel: +1-212-373-3310
Fax: +1-212-492-0310
eackerman@paulweiss.com

Tel: +1-212-373-3310
eackerman@paulweiss.com
New York

1285 Avenue of the Americas
New York, NY 10019-6064
Fax: +1-212-492-0310

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Edward (“Ted”) Ackerman is a partner in the Corporate Department, a member of the Mergers & Acquisitions and Private Equity Groups and serves on the firm’s Management Committee. He focuses his practice on advising private equity and strategic clients on their M&A, carve-out, joint venture, equity financing, restructuring and general corporate transactions. In 2023, Ted was named “Legal Advisor of the Year” by The M&A Advisor. Ted is also recognized by The Legal 500 as a recommended lawyer for his work in private equity buyouts, and in 2021, he was recognized by MergerLinks as a top 10 M&A lawyer in North America based on deal volume.

EXPERIENCE

Some of Ted’s representative clients include Authentic Brands Group, Brookfield Asset Management, C. Dean Metropoulos, CI Capital Partners, Clarion Capital Partners, D1 Capital Partners, Declaration Partners, KPS Capital Partners, Sagewind Capital, Simon Property Group, SPARC Group and Trivest Partners, among others.

Ted has particular expertise in private equity transactions across a range of industries, including retail/distressed retail, technology/infrastructure, government and professional services, consumer products and food and beverage. Some of his representative experience includes:

Retail/Distressed Retail

  • Authentic Brands Group in the acquisition of the intellectual property and other assets of PVH Corp.’s Heritage Brands business
  • Brookfield Asset Management and Simon Property Group in their acquisition of certain assets of J. C. Penney Company, in connection with J.C. Penney’s chapter 11 case
  • Simon Property Group in numerous transactions, including:
    • its digital shopping joint venture with Rue Gilt Groupe
    • as part of a consortium, in its acquisition of Aéropostale
  • SPARC Group, a retail group partially owned by Authentic Brands Group:
    • in the strategic partnership with Authentic Brands Group to become the core licensee and operating partner to Reebok
    • and Authentic Brands Group, in their acquisition of the operating assets of Lucky Brand in connection with Lucky Brand’s chapter 11
    • in its acquisition of Brooks Brothers in connection with Brooks Brothers’s chapter 11
    • in connection with the acquisition of the Nautica brand by Authentic Brands Group from VF Corporation, for which SPARC was the core licensee and operating partner for Nautica

Technology/Infrastructure

  • Brookfield Infrastructure Partners in its acquisition of Cyxtera, in connection with its chapter 11 case, and Cyxtera’s subsequent combination with Evoque Data Center Solutions
  • CI Capital Partners and its portfolio companies in numerous transactions, including its acquisitions of AlliedPRA and a majority interest in Hero Digital, and its subsequent sale of both companies
  • Clarion Capital Partners in numerous transactions, including its sale of Moravia IT a.s. to RWS Holdings plc
  • D1 Capital Partners in numerous transactions, including its investments in:
    • Addepar, Attentive Mobile, Bolt, CelLink, Dream Sports, Drivenets, Geek+, Fireblocks, Foxtrot Ventures, Groq, Guild Education, Highspot, Lineage Logistics, Loft, Multiverse, Ramp, Robinhood, Provi, Rivian Automotive, Robinhood, Shiftsmart, Sorare, Uber Freight, Unity Technologies, Zetwerk and Zomato
  • Declaration Partners in numerous transactions, including investments in Amperity, aXiomatic, Branded E-Commerce Group, LMI Consulting and Tealium
  • Sagewind Capital and its portfolio companies in numerous transactions, including:
    • its investments in By Light Professional IT Services and Skience
    • By Light Professional IT Services, a portfolio company of Sagewind Capital, in its acquisitions of Veraxx Engineering Corporation, Cole Engineering Services, Metova Federal, Phacil, Raydon Corporation and Axom Technologies
  • TeraWulf Inc. in its zero-carbon bitcoin mining joint venture with Talen Energy Corporation
  • Trine Acquisition Corp., a special purpose acquisition company led by Leo Hindery, Jr. and HPS Investment Partners, in its combination with Desktop Metal Inc., to create a publicly listed company with an estimated post-transaction equity value of up to $2.5 billion

Government, Security and Professional Services 

  • CI Capital Partners and its portfolio companies in numerous transactions, including its majority investment in The Cadmus Group and its subsequent acquisition of Nathan Associates
  • Sagewind Capital and its portfolio companies in numerous transactions, including:
    • its investments in Federal Advisory Partners, GCOM Software, QuantiTech and Sigma Defense Systems
    • its sale of Corfin Industries
    • Federal Advisory Partners, a portfolio company of Sagewind Capital, in its acquisition of Favor TechConsulting
    • GCOM Software, a portfolio company of Sagewind Capital, in its acquisitions of ASR Analytics, Qlarion and Three Sigma Software
    • GCOM Software, a portfolio company of Sagewind Capital, in its merger with OnCore Consulting
    • QuantiTech, a portfolio company of Sagewind Capital, in its acquisitions of Millennium Engineering and Integration Company and Systems Engineering Group (SEG)

Consumer Products (including Food & Beverage)

  • Dean Metropoulos in numerous transactions, including:
    • its partnership with an affiliate of One Rock Capital Partners, in connection with the acquisition of Nestlé Waters North America from Nestlé S.A.
    • in connection with the initial public offering of Gores Metropoulos, Inc., a blank check company in partnership with Gores Group
    • its investment in Utz Quality Foods
    • its sale of Hostess Brands and Pabst Brewing Company
    • its acquisition of Pabst Brewing Company
  • D1 Capital Partners in numerous transactions, including:
    • its investments in Cometeer Coffee, Dutchie, goPuff, Misfits Market, Warby Parker and Zetwerk
    • and Lone Pine Partners in their investment in Sweetgreen
    • its original and PIPE investment in the business combination of Cazoo Holdings and AJAX I, a special purpose acquisition company
    • its acquisition, alongside entrepreneur Nat Turner and Cohen Private Ventures, of Collectors Universe, Inc.
  • KIK Custom Products in numerous transactions, including:
    • its carve-out acquisition of the consumer products business of Chemtura Corporation
    • its partnership with The Clorox Company in connection with KIK’s launch of pool & spa chemicals and accessories under the CloroxTM Pool&Spa brand
  • KPS Capital Partners in its sale of North American Breweries Holdings and WWRD Holdings
  • Nutraceutical International Corporation in its sale to an affiliate of HGGC
  • Smashburger Master in numerous transactions, including:
    • its sale of a 40% stake to Jollibee Foods
    • its sale of a 45% stake in Smashburger to Jollibee Foods, bringing Jollibee’s stake to 85%
  • TJP Labs in the sale of its nicotine pouches to ITG Brands

Other Private Equity Experience

  • Brookfield Asset Management in its acquisition of a significant minority stake in Primary Wave Music as part of a new strategic partnership valued at over $2 billion, and its additional $1.7 billion capital funding commitment
  • CI Capital Partners and its portfolio companies in numerous transactions, including:
    • its acquisitions of Impact Sales, Pivot Physical Therapy (f/k/a PT Network), WTS International and the practice management company for Epiphany Dermatology
    • its sales of American Residential Services (ARS), Epiphany Dermatology, Impact Group and KIK Custom Products
  • Declaration Partners in numerous transactions, including its investment in Bright Health
  • KPS Capital Partners in its carve-out acquisition of the metals business of Olin Corporation (now known as Global Brass and Copper Holdings (NYSE: BRSS))
  • New Frontier Materials in its acquisition of the aggregates and asphalt businesses of Fred Weber, Inc.
  • Trivest Partners in numerous transactions, including in the combination of its portfolio company, Brothers National, with Pavement Partners Holding to create Pave America; and in Pave America’s strategic partnership with Central States Paving & Concrete

Ted maintains an active role in Paul, Weiss’s pro bono efforts, serving as the co-chair of the Public Matters Committee. He has represented a number of pro bono clients including the Transgender Legal Defense & Education Fund, an organization focused on ending discrimination based on gender identity and expression, and Start Small Think Big, a nonprofit that helps entrepreneurs and small businesses with limited resources. Ted also serves on the Board of Directors of GMHC. In law school, he was associate managing editor of the Brooklyn Law Review.

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