ProfessionalsBen Steadman
Tel: +1-310-982-4332
Fax: +1-213-606-9586
bsteadman@paulweiss.com
bsteadman@paulweiss.com
2029 Century Park East, Suite 2000
Los Angeles,
California
90067-3006
Fax: +1-213-606-9586
1285 Avenue of the Americas
New York,
NY
10019-6064
Ben Steadman is a partner in the Los Angeles and New York offices of Paul, Weiss who represents private equity sponsors and their portfolio companies on leveraged buyouts and other complex financing matters.
Ben counsels his clients on how to structure, negotiate and document their financing transactions and has extensive experience with asset-based, recurring-revenue, unitranche, first-lien, second-lien and high-yield transaction structures.
Over the course of his career, Ben has advised on more than 175 completed financings. He has handled those matters on behalf of BC Partners, Butterfly Equity, HgCapital, KKR, Stone Point Capital, Stonepeak Infrastructure Partners and Warburg Pincus, among others.
EXPERIENCE
Ben’s recent experiences include representing:
- Warburg Pincus in connection with the financings for Varicent Software; NEOGOV; CData Software; Phil, Inc.; Bloomerang and its acquisition of Qgiv; Softeon; BradyPLUS; Pareto Health; K2 Insurance; Bond Vet; El Car Wash; the carve-out acquisition of Citeline (f/k/a/ Pharma Intelligence) from Informa PLC and its subsequent combination with Norstella; defi SOLUTIONS Group; Sagent M&C; Allied Universal and its take-private acquisition of G4S; Aura Group; Foundation Risk Partners; Scale Microgrid Solutions; NetDocuments; Experity; Reorg Research; Intelligent Medical Objects; Cargomatic; SPINS Wellness; Quantum Health; Modernizing Medicine; Qualifacts and its acquisitions of Credible Behavioral Health and InSync; eSentire; Assent Compliance; Polyplus-transfection; the take-private acquisition of Inmarsat and its subsequent sale to Viasat; Kestra Financial; Fetch (f/k/a PetPlan); WebPT and its acquisition of Clinicient; Procare Software and its acquisition of ChildPlus Software; Businessolver.com; Duetto; RS Energy Group; Blue-Grace Group; SCM Insurance; and Service Logic
- Stone Point Capital in connection with the financings for the take-private acquisition of HireRight; the carve-out acquisition of Truist Insurance Holdings; Lincoln Property Company Commercial; the take-private acquisition of Tivity Health; Beeline; Higginbotham & Associates; Hyphen Solutions; Businessolver.com; Core Logic; Consilio and its acquisitions of D4 and EQ, Legility and Lawyers on Demand; Ascensus and its acquisition of Newport; Samba Safety; Mitchell International; Lone Wolf Technologies; and Bullhorn
- KKR in connection with the financings for RVShare; ReliaQuest; its investment in AppLovin Corporation; Cloudera; Burning Glass Technologies and its acquisition of Emsi; Gibson Brands; C.H.I. Overhead Doors; Calabrio; Minnesota Rubber and Plastics and its acquisition of Primasil Silicones; and Mitchell International
- Butterfly Equity in connection with the financings for Milk Specialties Global; QDOBA and the Modern Restaurant Concepts platform; Bolthouse Farms and its acquisition of Evolution Fresh from Starbucks; Orgain and its subsequent sale to Nestlé Health Science; Chosen Foods; MaryRuth Organics; and Pete and Gerry’s Organics
- HgCapital in connection with the financings for AuditBoard, Inc.; NContracts; Litera; Rhapsody; Prophix Software and its acquisition of Sigma Conso; and Sovos Compliance
- Siris Capital in connection with the financings for Stratus Technologies; Digital River; Constant Contact; the take-private acquisition of Endurance International; Electronics for Imaging; the take-private acquisition of Web.com Group; and Pulse Secure
- Warren Equity Partners in connection with the financings for Meridian Waste; Ovation Holdings; kV Power; MacQueen Equipment; Vortex; and ADB Companies
- BC Partners in connection with the financings for Madison Logic; Chewy; PetSmart; Women’s Care Enterprises; and the take-private acquisition of Presidio
- Thomas H. Lee Partners in connection with the financings for Professional Physical Therapy; Nextech Systems; 8th Avenue Food & Provisions; Material Handling Systems; and Curo Health Services
- Stonepeak Infrastructure Partners in connection with the financings for WTG Downstream and WTG Midstream as part of its joint venture with West Texas Gas and the financing for its investment in American Tower’s US Data Center Business
- Investindustrial in connection with the financings for the carve-out acquisition of Winland Foods from TreeHouse Foods; Parker Food Group; and Jacuzzi Brands
- Various corporate borrowers in connection with their respective financings, including AppLovin; Chewy; Cyxtera Technologies, Builders FirstSource and its acquisition of BMC Stock; Intelsat and its acquisition of the commercial aviation business of Gogo; and Innophos Holdings
AWARDS AND RECOGNITIONS
- Ben was recognized by Lawdragon in the 2024 edition of The Lawdragon 500 X – The Next Generation.
- Ben was recognized by Best Lawyers in the 2024, 2023 and 2022 editions of Best Lawyers: Ones to Watch.
- In 2021, The Deal recognized his team’s work on the take-private acquisition of G4S by Allied Universal as the Cross-Border Deal of the Year and his team’s work on the acquisition of the commercial aviation business of Gogo by Intelsat as the Most Innovative Deal of the Year (Middle Market).
- In 2020, the International Financial Law Review recognized his team’s work on the take-private acquisition of Inmarsat as the Deal of the Year (Private Equity).