Eric S. Siegel
Partner | Philadelphia
Eric S. Siegel

Eric S. Siegel represents strategic buyers and sellers as well as financial sponsors and their portfolio companies in domestic and cross-border M&A and joint venture transactions across a wide range of industry sectors, including technology, energy, healthcare, manufacturing and marketing services. In addition, he advises new and seasoned issuers as well as major investment banks in connection with securities offerings of equity and debt.

Mr. Siegel also advises clients on the full range of general corporate matters, including corporate governance and securities law compliance matters, SEC disclosure filings and the preparation of annual and quarterly reports and proxy statements.

Mr. Siegel is consistently recognized as a leading Corporate/M&A lawyer in Pennsylvania by Chambers USA where he is noted as being “an outstanding counsel [who] knows your needs before you do as a client” and praised for “combin[ing] deep technical expertise with sharp analytical judgment, consistently delivering clear, actionable advice on complex matters." He has also been listed as a leading lawyer in legal directory The Legal 500 (U.S.) for M&A: Large Deals ($1 BN+), where he has been cited as “a rising star” who is “razor sharp, a keen negotiator and a true business partner,” and capital markets: debt, capital markets: equity and capital markets: global offerings. He was previously named among Pennsylvania’s 2016 “Lawyers on the Fast Track” by The Legal Intelligencer, which celebrates the next generation of great lawyers in the Pennsylvania legal community.

Corporate/M&A

  • The special committee of the board of directors of 23andMe, a leading human genetics and biopharmaceutical company, in connection with a strategic alternatives review process and potential take private transaction by its CEO and significant shareholder, Anne Wojcicki.
  • Bentley Systems Inc. (Nasdaq: BSY), an infrastructure engineering software company, on numerous acquisitions, including: Talon Aerolytics and the technology and technical expertise of Pointivo to expand its application of digital twins and artificial intelligence to help infrastructure owner-operators improve asset performance and resilience; Cesium, a 3D geospatial company; ADINA R & D, a developer of finite element analysis software applications used in various engineering fields; EasyPower®, a developer of design and analysis software tools for electrical engineering professionals; and sensemetrics, a provider of software for Internet of Things (IoT) applications used extensively in infrastructure, among others. Also advised Bentley on the sale of its mobility data business unit, Streetlytics, to Teralytics.
  • Cerberus Capital Management, the largest shareholders in grocery store chain Albertsons, in relation to Albertsons’ proposed merger with Kroger in a transaction valued at US$24.6 billion.
  • Energy Harbor Corp. in its US$6.333 billion acquisition by Fortune 500 company Vistra Corp. The transaction combines Energy Harbor's nuclear and retail businesses with Vistra's nuclear and retail businesses and Vistra Zero renewables and storage projects under a newly-formed subsidiary holding company, referred to generally as "Vistra Vision.”
  • The special committee of Enfusion, Inc., a leader in SaaS solutions for the investment management and hedge fund industry, in a definitive agreement for Enfusion to be acquired by Clearwater Analytics, a global leading SaaS solution that automates the entire investment lifecycle, for US$1.5 billion.

 

Business Development Companies (BDCs) and Other Financial Services Transactions

  • The independent directors of the Board of Directors of BlackRock TCP Capital Corp. in connection with TCPC’s merger with BlackRock Capital Investment Corporation to create a combined company with total assets of approximately $2.4 billion, and net assets of approximately $1.1 billion.
  • Numerous business development companies sponsored by Franklin Square Holdings, L.P. in connection with their multi-billion dollar continuous equity offerings, debt offerings and general corporate and securities matters.
  • FS Investments, a leading alternative investment manager, in connection with its agreement to partner with KKR, a leading global investment firm, to create the largest business development company (BDC) platform, with $18 billion in combined assets under management.
  • FS/KKR Advisor in its merger of FS KKR Capital Corp. (NYSE:FSK) and FS KKR Capital Corp. II (NYSE:FSKR), two publicly-listed business development companies (BDCs), creating one of the largest BDCs in the U.S. with $14.9 billion in assets under management.
  • A special committee of Oaktree Strategic Income Corporation (OCSI) in OCSI’s merger agreement with Oaktree Specialty Lending Corporation (OCSL).
  • A special committee to SLR Senior Investment Corp. (SUNS) in the agreement to merge SLR Investment Corp. (SLRC) with SUNS.

 

Private Equity/Family Office

  • Court Square Capital Partners in connection with numerous acquisitions and exits, including its: acquisition and subsequent sale of Kodiak Building Partners, a national distributor of essential building products, to QXO, Inc. for approximately US$2.25 billion; acquisition and subsequent sale of its stake in RailPros, a provider for the railroad industry in engineering, field services, training and media production to Littlejohn & Co., LLC; controlled investment, in partnership with WindRose Health Investors, in Soleo Health, a specialty pharmacy and infusion therapy services company; sale of NDC, a healthcare supply chain company and distributor of consumable healthcare supplies, to Platinum Equity; and acquisition of Veregy, a technology forward, leading independent energy services company, from Bow River.
  • Berwind Group in numerous acquisitions and dispositions, including the US$600 million sale of Elmer’s Products, Inc. to Newell Rubbermaid, the purchase of Protective Industries Inc. from Windjammer Capital Investors, and the sale of Specialty Coating Systems to KISCO Ltd. of Japan.
  • Life Science and Biotech Panel — Harvard Business School Venture Capital and Private Equity Conference, Boston, MA (February 5, 2022)
  • Greater Philadelphia ACC's Tackling Carve-Out M&A Transactions — Philadelphia, PA (October 27, 2021)
  • ESG and Impact Investing Panel — NYU Stern School Private Equity and Venture Capital Conference, New York, NY (April 9, 2021)
  • Greater Philadelphia ACC's M&A Disputes — Philadelphia, PA (October 28, 2020)
  • Greater Philadelphia ACC's Corporate and Securities Law CLE Institute — Philadelphia, PA (June 14, 2018)
  • Pitfalls in the Early Stages of a Transaction — Association of Corporate Counsel (ACC), Philadelphia, PA (February 13, 2018)
  • Minimizing Anticompetitive Risk in Asset and Stock Transfers - Wilmington, DE (June 1, 2017)
  • President Trump's Potential Impact on Business — ACC GNY Signature CLE Program, New York, NY (March 21, 2017) 
  • 7th Annual In-House Counsel Conference — Presented by ACC Greater Philadelphia Delaware Valley with sponsorship by Dechert LLP, Philadelphia, PA (April 21, 2015)
  • Issues in Risk Management: What's The Deal? Managing Merger and Acquisition Risk in Today's Business Climate — Marsh Issues in Risk Management, Washington, DC (September 28, 2010)
Services
    • University of Pennsylvania, B.A., 1997, summa cum laude
    • Harvard Law School, J.D., 2001
    • Pennsylvania
    • New Jersey
    • New York
    • Former Member, Executive Committee of the Business Law Section of the Philadelphia Bar Association
    • Former Co-Chair, Private Equity & Venture Capital Committee of the Philadelphia Bar Association