Photo of Peter D. Serating

Peter D. Serating

Partner, Skadden

212-735-2286peter.serating@skadden.com

One Manhattan West
New York, NY 10001

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Peter D. Serating is co-head of Skadden’s New York M&A Group and co-head of the firm’s Asset Management M&A team. He has represented public and private clients on a variety of U.S. and cross-border transactions, including mergers, acquisitions, takeovers (negotiated and contested), dispositions, auctions and joint ventures. Serating regularly advises clients on shareholder activism, takeover preparedness, corporate governance, securities law, SEC disclosure and general corporate matters. In addition, he has represented investment banks as financial advisors in M&A transactions.

Serating has advised various clients on significant transactions, including:

Asset Management / Financial Institutions / Financial Sponsors

  • BlackRock, Inc. in its:
    • $12 billion acquisition of HPS Investment Partners
    • $12.5 billion acquisition of Global Infrastructure Partners
  • Janus Henderson Group plc in its $7.9 billion acquisition by Trian Fund Management and General Catalyst
  • Rithm Capital Corp. in its:
    • acquisition of Crestline Management, L.P.
    • acquisition of Sculptor Capital Management, Inc.
    • $1.4 billion acquisition of all of the assets of Home Loan Servicing Solutions, Ltd. (Cayman Islands corporation)
  • Fortress Investment Group LLC in:
    • its $3.3 billion acquisition by SoftBank Group Corp.
    • the sale of TRAC Intermodal to Stonepeak Infrastructure Partners
    • the internalization of management of Rithm Capital Corp. (formerly New Residential Investment Corp.)
  • MacAndrews & Forbes Incorporated in various acquisitions, financing transactions and corporate matters, including the:
    • acquisition of Faneuil, Inc., a privately held government services provider
    •  Services and the U.S. security services business of Initial Security
  • TPG Capital, L.P. in its $450 million acquisition of Assisted Living Concepts, Inc., an operator of assisted living residences
  • Deutsche Bank AG in a number of transactions, including its:
    • acquisition of Dresdner Bank AG’s global agency securities lending business
    • acquisition of Hedgeworks LLC, a hedge fund administrator

Real Estate / REIT Transactions

  • Healthpeak Properties, Inc. (formerly HCP, Inc.) (a REIT) in the spin-off of its HCR ManorCare portfolio of skilled nursing and assisted living assets, as well as other skilled nursing assets, into an independent, publicly traded REIT
  • Brookdale Senior Living Inc. in its:
    • $2.8 billion merger with Emeritus Corporation
    • $1.2 billion joint venture with HCP, Inc., a REIT
  • Darden Restaurants, Inc. in the separation of a portion of its real estate assets into a separate, publicly traded REIT

Additional Public Company Transactions

  • MacAndrews & Forbes Incorporated in Panavision Inc.’s going-private transaction
  • vTv Therapeutics in:
    • an investment into the company by, and Collaboration and License Agreement with, affiliates of G42 Healthcare
    • an investment into the company by affiliates of CinRx Pharma, LLC, and related agreements
  • The Coca-Cola Company in its:
    • $2.15 billion investment and partnership with Monster Beverage Corporation
    • $13 billion acquisition of the North American business of its largest bottler, Coca-Cola Enterprises
  • The Warnaco Group, Inc. in its $2.9 billion acquisition by PVH Corp.

Other M&A and Corporate Transactions

  • Prada S.p.A. in its €1.25 billion acquisition of Gianni Versace S.r.l. from Capri Holdings Limited
  • American Express Global Business Travel in its acquisitions of (i) the Egencia corporate travel business from Expedia Group and (ii) Ovation Travel Group