Andrew E. Sagor
Partner | New York
Andrew E. Sagor

Andy Sagor is a leveraged finance partner who, over the course of his career, has advised on debt financing transactions with an aggregate deal value in excess of US$100 billion. He advises clients on transformative transactions, with an emphasis on representing leading private equity funds and their portfolio companies, major public and private companies, sovereign investors and debt investors on complex acquisition and leveraged financings in the United States and in international markets.  The former chair of the North America Banking & Finance Practice at another global law firm, Mr. Sagor brings demonstrated leadership and cross-border depth to Dechert's corporate and private equity practices and has vast experience leading transactions ranging from the middle-market to financings exceeding US$20 billion.

Mr. Sagor regularly advises clients across the full spectrum of debt financing matters, including secured and unsecured financings, senior, mezzanine and subordinated debt transactions, high-yield debt issuances, asset-based financings, and loan workouts and restructurings, including debtor-in-possession financings, exit financings and liability management transactions.  He has represented both debtors and creditors through demanding workout situations and restructurings.  

Clients value Mr. Sagor’s deep market knowledge and his ability to translate their business goals into pragmatic deal solutions across the capital structure. Advocating effectively for clients in high-stakes negotiations, Mr. Sagor has led significant financing transactions across the health care, technology, media and telecommunications, energy, financial services, industrials, manufacturing and transportation industries – at both the large-cap and middle-market levels.

Mr. Sagor is a frequent author and speaker on legal developments affecting leveraged financing transactions.

Earlier in his career, Mr. Sagor served as a Special Assistant in the Office of the Secretary of State, under Secretaries Colin Powell and Condoleezza Rice.

Private Equity Transactions

  • Represented Mubadala Capital, a sovereign investor, and its portfolio companies in various matters, including Mubadala Investment Company in its strategic investment in Zelis and K-MAC, the second-largest franchisor of Taco Bell in the U.S., in a variety of leveraged financing transactions.
  • Represented Princeton Equity Group and its portfolio companies in various financing matters, including its investment in Barry's Bootcamp, Princeton Medspa Partners' growth capital financing to fund near-term acquisitions and various acquisitions by Accelerated Brands.
  • Represented Crossplane Capital and its portfolio companies in various financing matters, including Crossplane's acquisitions of Distributor Wire and Cable and Mooring USA.
  • Represented Kinderhook Industries and its portfolio companies in various financing matters, including Kinderhook's acquisition of CARDS Recycling and Compactor Rentals of America, its investment in Apex Waste Solutions and Apex Waste Solutions' acquisition of Materials Management Company, Live Oak Environmental's acquisition of Piney Woods Sanitation and ModuGo's acquisition of Rent-A-Container.
  • Represented Mill Rock Capital and its portfolio companies in various financing matters, including Venture Metals in its acquisitions of Thalheimer Brothers and Mega Metals and Tandym Group's acquisitions of Kolter Solutions, AETEA Information Technology and Entitech Solutions.
  • Represented Bessemer Investors and its portfolio companies in various financing matters, including Legacy Restoration's acquisition of Southern Roofing and Renovations and Tencarva Machinery's acquisition of Tri-State Coating & Machine.
  • Represented ICV Partners and its portfolio companies in various acquisitions and financing matters, including ICV Partners’ acquisition of Environmental Remedies.
  • Represented Sheridan Capital Partners and its portfolio companies in various financing matters, including the acquisitions of Future Care Consultants and FirstEnroll.
  • Represented Gainline Capital Partners in its investment in ANA Global.
  • Represented Paine Schwartz Partners and its portfolio companies in various financing matters.
  • Represented Meritage Group and its portfolio companies in various financing matters.
  • Represented York Capital Management and its portfolio companies in various financing matters.
  • Represented Angelo, Gordon & Co. L.P. and its portfolio companies in various financing matters.
  • Represented Stephens Capital Partners and its portfolio company, Nest Sustainable Waste, in the financing of Nest Sustainable Waste's acquisition of Owl Landfill Services.
  • Represented Empower AI, a portfolio company of KKR, in various financing matters.
  • Represented True, a portfolio company of LLR Partners, in various financing matters.
  • Represented Calera Capital in various financing matters, including the acquisitions of Thayer Infrastructure Services, LeCom Utility Contractors and Thayer Infrastructure Service's acquisition of J. Lee Associates, and the Anderson Group's acquisition of The Service Professor.
  • Represented One Equity Partners in various transactions and financing matters, including its acquisition of AMECO and AMECO's acquisition of F&M MAFCO.
  • Represented Tiger Infrastructure Partners and its portfolio companies, Granite Comfort and American Natural, in various transactions and financing matters, including Granite Comfort's acquisition of Signature HVACR, Green Air Care, Strittmatter and T.E. Spall & Son.
  • Represented MiddleGround Capital in its acquisition of PVI Holdings Inc.
  • Represented Brookfield Business Partners in its acquisition of Altera Infrastructure and in its subsequent financing matters.
  • Represented TPG Capital in its acquisition of Transplace Logistics Solutions and in its subsequent financing matters.
  • Represented Vestar Capital in its acquisition of Information Resources Inc., a portfolio company of New Mountain Capital, and in its subsequent financing matters.
  • Represented Baring Private Equity Asia in its investment in Prometric and in its subsequent financing matters.
  • Represented Caisse de dépôt et placement du Québec in its investment in Allied Universal.
  • Represented Starr Investment Holdings in its acquisition of ACA Compliance Group and ACA Compliance Group's subsequent acquisition of Cordium.
  • Represented J.H. Whitney Capital Partners in connection with its acquisition of the Firebirds Wood Fired Grill restaurant chain and in its subsequent financing matters.
  • Represented the Drakewood Capital-led consortium on its acquisition of Small Tubes Products from Quilvest and in its subsequent financing matters.

Public Company Transactions

  • Represented AZZ Inc. (NYSE: AZZ) in its acquisition of Sequa Corporation's Precoat Metals business division, a portfolio company of Carlyle, and in its subsequent financing matters.
  • Represented Rimini Street (NASDAQ: RMNI) on various transactions and financing matters.
  • Represented Scholastic Corporation (NASDAQ: SCHL) on various transactions and financing matters.
  • Represented Xperi Holding Corporation (NASDAQ: XPER) in its acquisition of Vewd Software Holding Limited.
  • Represented Helen of Troy Limited (NASDAQ: HELE) on various transactions and financing matters.
  • Represented Colfax Corporation (NYSE: CFX) in its sale of its Air and Gas Handling business to KPS Capital Partners.

Private Company Transactions

  • Represented Lendlease (U.S.) Capital Inc. in a sustainability-linked financing and in its subsequent financing matters.
  • Represented a subsidiary of Grupo ISA, Interconectado Eléctrica ISA Perú, in its acquisition of Peruvian energy transport company Orazul Energy Group from Inkia Energy.
  • Represented Société Générale and BNP Paribas in financing the electrification and decarbonization of e-buses and associated charging infrastructure for the RED transit system in Santiago, Chile.
  • Represented Cresa Global in connection with various financing transactions.
  • Represented numerous private companies in their first significant leveraged loan financing transactions.

Workout and Restructuring Transactions

  • Counsel to an ad hoc noteholder group in various financing transactions for Jonah Energy, one of the largest privately held natural gas producers in the U.S.
  • Represented MB Global Partners in connection with financing matters related to the bankruptcy proceedings of MD Helicopters, Inc.
  • Represented MB Global Partners in connection with financing matters related to the Zohar III bankruptcy proceedings.
  • Represented Mytheresa in its reorganization in connection with Neiman Marcus's bankruptcy proceedings.
  • Represented American Hotel Register Company in various transactions and financing matters, including the sale of its North American hospitality supply business.
  • Represented Siemens Financial Services in connection with financing matters related to the bankruptcy proceedings of Speedcast Communications.
  • Represented Cenveo Inc. in its debtor-in-possession financing, its exit financing in connection with its reorganization and its subsequent financing matters.
  • Represented Murray Energy Corporation in connection with various refinancing transactions.

Includes matters handled at Dechert or prior to joining the firm.

  • The Legal 500 US, Leading Lawyer in Commercial Lending, 2023
  • Mergers & Acquisitions, Middle-Market Deal of the Year, for leading the financing of AZZ Inc.'s acquisition of the Precoat Metals division of Sequa Corporation, 2023
  • Mergers & Acquisitions, Middle-Market Deal of the Year, Honorable Mention, for leading the financings of MiddleGround Capital's acquisition of PVI Holdings and Xperi's acquisition of Vewd Software, 2023
  • Super Lawyers, New York, Rising Star, 2018–2022
  • United States Department of State, Meritorious Honor Award
  • “2026 Perspectives in Private Equity: Evolution of Financing Sources,” March 2026.
  • Panelist, “Private Equity Bootcamp for Early-to-Mid-Career Professionals,” National Association of Investment Companies, January 2026 and January 2025.  
  • “2025 Perspectives in Private Equity: Private Equity Finance,” March 2025.
  • "The Road Ahead for Private Equity: Reflections and Predictions," March 2024.
  • Panelist, "Acquisition Finance," Dealmaker's Boot Camps, November 2022 and November 2023.
  • "Private Credit Insights: Exploring the Challenges of Side Letters in Financing Transactions," May 2023.
  • Co-author, "2022 US Private Equity Guide," The Legal 500, January 2022.
  • Co-author, "2021 US Private Equity Guide," The Legal 500, January 2021.
  • Keynote Interviewee, "A Shift in Thinking for Debt Finance," Private Equity International's U.S. Mid-Market Special Edition, September 2020.
  • Guest Speaker, "Absolute Priority: Liquidity Enhancement Alternatives in the COVID-19 Era," Debtwire Radio, July 2020.
  • Guest Speaker, "How to Maximize Debt Capacity and Best Practices in Strategically Handling COVID-19," The Optical Society (OIDA), May 2020.
  • Co-author, "COVID-19 – Distressed M&A – A Road Map for Potential Buyers of Distressed Businesses in Section 363 Bankruptcy Sales," Pratt's Journal of Bankruptcy Law, April 2020.
  • Co-author, "2020 US Private Equity Guide," The Legal 500, January 2020.
  • Co-author, "US Bank Regulatory Agencies Issue Final Guidance on Leveraged Lending Practices: High-Level Considerations for Financial Institutions," Butterworths Journal of International Banking and Financial Law, June 2013.
Services
    • Amherst College, Bachelor of Arts in History, 2003, with distinction
    • New York University School of Law, J.D., 2010
    • New York
    • Board of Directors, Summer Search New York City
    • Board of Directors, Auschwitz Institute for the Prevention of Genocide and Mass Atrocities (AIPG)

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