Sarah B. Gelb negotiates and structures private equity transactions, mergers and acquisitions, public and private equity/debt offerings, and finance transactions for corporations, investment management companies, private equity sponsors, and their portfolio companies. She also advises on joint ventures and general corporate matters and counsels nonprofit organizations on corporate and operational matters.
Ms. Gelb was named to the BTI Client Service All-Star Team for Law Firms, a select group of attorneys chosen by Fortune 1000 corporate counsel for their outstanding client service.
Significant Representations
- Financial Services: Power Financial Corporation’s subsidiary, Great-West Lifeco Inc., in its $3.9 billion acquisition of Putnam Investments from Marsh & McLennan Companies; Lincoln Financial Group in its $200 million disposition of its U.K. investment advisor subsidiary to management/private equity firm; Zurich Scudder Investments in connection with the sale of the advisory business of Scudder to Deutsche Bank N.A.; Scudder Kemper Investments and Zurich Financial Services in connection with the formation of Scudder Weisel Capital, LLC, a joint venture with Thomas Weisel Partners LLC; Scudder Kemper Investments, Inc. in connection with its joint venture with Thomas Weisel Partners LLC to form financial services entity to be registered as a broker-dealer and investment adviser; The Swarthmore Group in its acquisition of the investment advisory business of Providence Investment Advisers; investors in the acquisition of the investment advisory business of Investec, Inc.; and Friedman, Billings, Ramsay Group, Inc. in its acquisition of the asset management and related businesses of Money Management Associates, L.P. and its subsidiary, a federal savings bank.
- Private Equity: Jefferies Capital Partners in its acquisition of Edgen Corporation; ING Furman Selz Investors III. L.P. and Bruckmann, Rosser, Sherrill & Co. in a leveraged buy-out, following an auction process, of The Sheridan Group, Inc.; Palomar Companies LLC in its $250 million auction sale of its subsidiary, HID Corporation, to Assa Abloy AB; Intersil Corporation in its $180 million acquisition of SiCom (stock-for-stock merger); Intersil Corporation in its initial and secondary public offerings; Citigroup Venture Capital in its leveraged acquisition of Intersil Corporation; EDO Corporation in its secondary public offering; and Select Medical Corporation in its acquisitions of a long-term care “hospital within a hospital” company and a specialized acute long-term care provider.
- Finance: Select Medical Corporation in its $1.15 billion senior financing; B&G Foods, Inc. in its $575 million senior financing; Intersil Corporation in its $300m revolving credit facility; Edgen Murray Corporation in its recapitalization which included $650 million of first/second lien and revolving debt; Infiltrator Systems, Inc. in its recapitalization which included a $147 million second amended and restated credit agreement and $67.2 million of Senior Secured Term C Notes; $200 million senior financing in connection with Citigroup Venture Capital Equity Partners, LP’s acquisition of Southern Graphic Systems from Alcoa; $110 million combination senior and subordinated debt financing in connection with Graham Partners’ acquisition of Infiltrator Systems; $300 million senior financing for EDO Corporation; $165 million 144A subordinated note offering and $250 million credit facility for Remy International; $125 million combination senior and subordinated debt financing and defeasance of additional $20 million facility for DavCo Restaurants; $30 million credit facility in connection with issuance of enhanced income securities for B&G Foods; and $105 million 144A secured note offering for specialty printer as part of a leveraged buyout and $60 million add-on secured note offering.
Education
Cornell University, A.B., 1987
Cornell University Law School, J.D., 1990
Bar Admissions/Qualifications
Pennsylvania
Memberships
Chair, Philadelphia Bar Association Private Equity Committee