Kenneth E. Young

kenneth-young

Kenneth E. Young

Partner

Philadelphia | Cira Centre, 2929 Arch Street, Philadelphia, PA 19104-2808
+1 215 994 2988 | +1 215 994 2222

New York | Three Bryant Park, 1095 Avenue of the Americas, New York, NY 10036-6797
+1 212 698 3854 | +1 212 698 3599

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Kenneth E. Young focuses his practice on mergers and acquisitions, with a particular emphasis on private equity and public company M&A, securities offerings of equity and debt, and general corporate matters. Mr. Young’s clients include strategic buyers and sellers in industry sectors such as technology, financial services, energy, and healthcare; investment banks; and private equity sponsors.

In addition, Mr. Young devotes a significant portion of his practice to advising alternative asset managers regarding efforts to diversify their businesses, including through permanent capital vehicles, such as Business Development Companies (BDCs), closed-end funds and other products. In recent years, he has advised KKR in connection with the launch of the KKR Alternative High Yield Fund, KKR Alternative Corporate Opportunities Fund and KKR Income Opportunities Fund (NYSE: KIO). Mr. Young also represents Corporate Capital Trust, Inc., and Corporate Capital Trust II, two unlisted BDCs advised by CNL Financial Advisors (“CNL”) and sub-advised by KKR. In addition, he counsels asset managers on related fund formation, regulatory and operational issues, including those concerning co-investment, allocation and compliance matters, as well as corporate transactions, including M&A and joint ventures, related to strategic transactions involving asset managers.

Mr. Young has been recognized as one of Law360’s Rising Stars of 2013, a national list of attorneys under the age of 40 whose legal accomplishments belie their age. He was one of only five lawyers recognized for his work in the Private Equity area. In 2013, Mr. Young was also named a winner of the 40 Under 40 M&A Advisor Recognition Awards, which recognizes the emerging leaders of the M&A, Financing and Turnaround industries. In 2014, Mr. Young was selected as one of The Legal Intelligencer’s 2014 Lawyers on the Fast Track, highlighting the next generation of legal leaders. In addition, Mr. Young was recently named a Rising Star for M&A in the IFLR1000.

He is a member of the board of trustees of The Philadelphia School, a former Board Member of the Coro New York Leadership Center and a former member of the Board of Directors of the Columbia Journal of Law and Social Problems.

Experience

Corporate and M&A

  • Fibertech Holdings Corporation in the US$1.9 billion merger of Fibertech, a U.S.-based provider of fiber-optic based network services, with Lightower Fiber Networks.
  • Court Square Capital Partners in a number of buyout and/or exit transactions, including related to AFS Technologies, Ahead, LLC, Auto Europe Group, CompuCom Systems Holding Corp., Encompass Digital Media, Inc., the Harvard Drug Group, Rocket Software and SPS Holdings, as well as advising a number of portfolio companies on add-on acquisition, disposition and dividend recapitalization transactions.
  • Blackstone Tactical Opportunities Advisors, LLC in connection with an equity investment in BTIG, LLC, a US-based financial services firm.
  • Stifel Financial Corp. in its acquisition of Eaton Partners, LLC, a global institutional placement agency.
  • CIT Group Inc. in the formation of Strategic Credit Partners, a joint venture formed with TPG Special Situations Partners to provide senior secured financing to companies in a variety of industries throughout the United States.
  • Evercore Partners as financial advisor in several transactions, including Sprint Nextel Corporation’s US$3.8 billion acquisition of all of the Class A Common Stock of Clearwire and North Pittsburgh Systems Inc.’s US$345 million acquisition by Consolidated Communications Holdings, Inc.
  • A shareholder advocacy group, Shareholder Advocates for Value Enhancement (SAVE), in its proxy contest for representation on the board of USA Technologies, Inc. (NASDAQ: USAT).
  • Arrow International, Inc. (NASDAQ: ARRO) in its US$2 billion sale to Teleflex Incorporated.

Alternative Asset Management Diversification/Capital Markets

  • Corporate Capital Trust, Inc. (“CCT”), an unlisted BDC with approximately US$5 billion in total assets, as corporate counsel and in connection with its capital raise of approximately US$3.3 billion.
  • CCT in connection with its joint venture with Conway Partners, Strategic Credit Opportunities Partners.
  • Corporate Capital Trust II (“CCT II”) in connection with its formation and continuous public offering of up to 275 million shares of common stock for a proposed maximum offering price of approximately US$2.6 billion.
  • CNL Financial Group in connection with the registration of an unlisted closed-end fund, The CNL Energy Total Return Fund, in partnership with Riverstone Holdings.
  • CCT I, CCT II, KKR Credit (US), LLC and affiliated entities in connection with their application for exemption from certain sections of the 1940 Act related to co-investment transactions.
  • Resource America, Inc. in connection with its formation of the Resource Credit Income Fund and in connection with its joint venture with Pearlmark Real Estate.
  • Stifel Venture Corp. in its investment in CM Investment Partners and CM Finance in connection with the initial public offering of CM Finance.
  • Stifel Financial Corp. in connection with Stifel Aviation Finance, a series of aircraft specialty finance vehicles.
Education
  • Cornell University, B.A., 1997, cum laude
  • Columbia Law School, J.D., 2002, Harlan Fiske Stone Scholar
Admissions
  • Pennsylvania
  • New York