Biography
Scott Fryman is a partner in our Global Tax Practice and Global Mergers & Acquisitions Practice.
Scott advises clients on the tax aspects of complex domestic and cross-border transactions, with a particular focus representing private equity sponsors and their portfolio companies in connection with mergers and acquisitions, joint ventures, restructurings, bankruptcies and financings.
Scott also regularly represents sovereign and sovereign-related entities in investments in private equity, real estate and other alternative investment entities.
Scott has extensive experience representing debtors and creditors regarding the tax aspects of bankruptcies, insolvencies and workouts. He represents US and non-US lenders and borrowers in domestic and international bank financing transactions.
Scott's practice spans a wide range of industries, including technology, gaming, manufacturing, consumer products and financial services.
Scott is a recipient of a "M&A Advisor Emerging Leaders Award" by The M&A Advisor (2022).
Experience
Recent transactions include the representation of:
CVC Capital Partners in:
- its acquisition of a significant ownership position in Epicor, a global provider of industry-specific enterprise software to promote business growth, from CD&R. Upon closing, Epicor will be jointly controlled by CVC and CD&R.
- its acquisition of Veritext, a leading provider of deposition and litigation support solutions in North America.
- its add-on acquisition of Conduent’s Casualty Claims Solutions business by MedRisk.
- its sale of portfolio company Alvogen, a leading generic pharmaceutical company, to Lotus Pharmaceutical Co., Ltd.
- its US$500 million take-private acquisition of Innovid Corp., an omnichannel advertising and analytics platform built for television, by portfolio company MediaOcean.
- a consortium of investors in the US$3.5 billion investment for a 22.55% stake in Authentic Brands Group LLC, a brand management company and owner of a portfolio of brand name companies.
- its acquisition of Mediaocean, the leading global omnichannel advertising platform.
- pending sale of portfolio company Vitech, a provider of cloud-native pension and benefits administration software, to Majesco.
Nordic Capital in its acquisition of a majority stake in Anaqua, a global Intellectual Property management SaaS platform, from Astorg.
Haveli Investments in its acquisition of Accommodations Plus International, a global leader in crew accommodations and travel technology solutions.
Ares Management in its preferred equity investment alongside Gridiron Capital and co-investors in Leaf Home, one of the largest DTC residential services and products provider across North America, made in connection with Leaf Home’s acquisition of Eerie Home.
Arkhouse Management Co. in connection with the US$1 billion divestiture by Dollar Tree, Inc. of its Family Dollar business segment to Brigade Capital Management, LP, Macellum Capital Management, LLC and Arkhouse.
Mill Rock Capital, a growth- and operations-oriented investment firm that invests in middle market industrial businesses, in:
- its acquisition of Asbury Carbons, a leading provider of advanced materials, specializing in carbon additive solutions for a wide range of end markets and applications.
- Mill Rock Packaging Partners' acquisitions of All Packaging Company, Keystone Paper & Box Company, Impressions Incorporated and the Woodland Packaging and Laminating Facility.
- the acquisition by DRT Holdings, a Mill Rock Capital portfolio company which provides specialized manufacturing solutions to the metal packaging, aerospace, and precision industrial segments, of Custom Machining Corporation.
Sole Source Capital LLC, an industrial-focused private equity firm, in its:
- acquisition of Digital Printing Concepts, Inc., a manufacturer of high-quality durable and graphic intensive barcode labels.
- acquisition of I.D. Images, a manufacturer of high-quality durable and graphic intensive labels.
Dominus Capital, L.P. in its acquisition of Seaga Midco, Inc., a leading vending machine manufacturer based in Illinois.
Ridgewood Infrastructure in the sale of SiEnergy, a Texas-based natural gas distribution utility to Northwest Natural Holding Company (NYSE: NWN) for a transaction value of $425 million.
Kohler Co. in connection with its transaction with Platinum Equity to form Kohler Energy as a separate, independent business that is majority owned by Platinum.
Jersey Mike's Subs, a leading franchisor of fast-casual submarine sandwich stores in the United States, on its sale of a majority ownership position to private equity funds managed by Blackstone.
Restructuring and Bankruptcies
Recent transactions include the representation of:
Anchor Glass Container Corporation in its out-of-court restructuring.
ConvergeOne Holdings, Inc. in its pre-packaged Chapter 11 case.
CION Investments in its acquisition of David's Bridal out of Chapter 11.
Investor on the acquisition of RVL Pharmaceuticals, Inc. and its subsidiary through a prepackaged chapter 11.
Surgalign Holdings, a publicly traded, global medical technology company, in connection with its chapter 11 proceedings.
Official Committee of Unsecured Creditors in the Chapter 11 case of Celsius Network LLC
Official Committee of Unsecured Creditors in the Chapter 11 case of Genesis Global Holdco.