A partner in the Corporate Department, Steven J. Williams is a member of the firm's Mergers and Acquisitions Group and of its Investment Management transactions practice. Steven has extensive experience with public company transactions, leveraged buy-outs, mergers-of-equals, board representations and special committee representations, as well as with private equity and venture capital transactions, auctions, joint ventures and restructuring transactions. He is active in contested matters, representing both activists and targets in proxy fights, consent solicitations, tender offers and other unsolicited transactions. In addition, as a member of the firm's Investment Management transactions practice, Steven focuses primarily on acquisitions and sales of asset management and other financial services firms.
Experience
Steven's recent transactions include:
- Chambers Street Properties as counsel to the Board of Trustees and in its proposed merger-of-equals with Gramercy Property Trust to create an industrial and office net lease real estate investment trust with combined enterprise value of approximately $5.7 billion;
- Reckitt Benckiser Group plc in its three-year collaboration agreement with the Bristol-Myers Squibb Company (BMS) for, and related option to acquire, a number of market-leading over-the-counter pharmaceutical brands in Brazil, Mexico and certain other parts of Latin America;
- Spectrum Brands in its acquisition of Armored AutoGroup Parent, Inc., owner of Armor All, SPT and other automotive care brands, for $1.4 billion in cash and assumed debt;
- Tencent Holdings Limited, a leading provider of diversified technology internet services in China, in its proposed going-private acquisition of eLong, Inc., a mobile and online travel service provider in China; and
- The Children's Place, Inc. in its proxy fight and settlement agreement with Barington Capital Group LP and Macellum Advisors LLC.
Other representations by Steven have included:
- Affiliated Managers Group in its majority investment in, and restructuring of, Pantheon Ventures;
- Citigroup in its sale of Nikko Asset Management to The Sumitomo Trust and Banking Co., Ltd.;
- Elliott Management Corporation in its $1.8 billion unsolicited offer for Novell, a leader in intelligent workload management and in Elliott's participation as an equity sponsor in Attachmate's subsequent $2.2 billion acquisition of Novell;
- Elliott Management Corporation in connection with numerous activist campaigns, including its proxy fights for Iron Mountain Incorporated and Hess Corporation, and in settlement agreements with InterPublic Group of Companies Inc. and Citrix Systems, Inc.;
- Elliott Management Corporation in its participation as an equity sponsor in the leveraged buy-outs of Metrologic Instruments Inc., Packeteer Inc., MSC.Software and BMC Software;
- Imperial Sugar Company as special counsel to the Board of Directors and in its sale to Louis Dreyfus Commodities;
- International Strategy & Investment in its acquisition by Evercore;
- Janus Capital Group Inc. in its strategic alliance with The Dai-ichi Life Insurance Company, Limited, under which Dai-ichi Life agreed to invest $2 billion of its general account assets with Janus and acquire 15 percent to 20 percent of Janus' common stock;
- MasterCard International in its acquisition of Orbiscom Limited, a Dublin, Ireland-based leading payments solutions software provider for major financial institutions;
- Reckitt Benckiser Group plc in its successful $1.4 billion topping bid for, and subsequent successful tender offer for and acquisition of, Schiff Nutrition International, Inc.;
- SAP SE in its acquisition of Concur Technologies, Inc. at an enterprise value of approximately $8.3 billion;
- Spectrum Brands in its acquisition of the European Pet Food division of Proctor & Gamble;
- Tencent Holdings Limited in its investment in Glu Mobile Inc., a global developer and publisher of free-to-play games for smartphone and tablet devices; and
- Tencent Holdings Limited in its investment, together with JD.com, in Bitauto Holdings Limited, a provider of Internet content and marketing services for China's automotive industry.
Steven served as a notes editor of the Columbia Law Review and was a James Kent Scholar and a Harlan Fiske Stone Scholar. Steven is the recipient of a Legal Aid Society award for outstanding pro bono representation. Steven serves on the Board of Directors of Education Through Music, Inc., a non-profit that works with New York City schools to develop and sustain school-wide music education programs.
Practices
Education
- J.D., Columbia Law School, 1999
James Kent Scholar, Harlan Fiske Stone Scholar
- M.U.P., New York University, 1994
- B.A., New York University, 1990
Bar Admissions
See Library Tab for articles, publications and presentations by Steven Williams
Related Resources
Dec 15, 2015 | News
Bona Film Announces Going Private Agreement
Dec 16, 2015 | News
Chambers Street Properties and Gramercy Property Close Merger
Nov 19, 2015 | News
Cologix Completes Leveraged Acquisition of Net Access
Nov 17, 2015 | Events
Steven Williams Participates in M&A Advisor Summit
Aug 04, 2015 | News
Tencent Offers to Acquire eLong
Jul 01, 2015 | News
Chambers Street Properties and Gramercy Property Trust to Merge
Apr 28, 2015 | News
Spectrum Brands Agrees to Acquire Armored AutoGroup for $1.4 Billion
Apr 08, 2015 | Publications
Delaware M&A Quarterly
Mar 04, 2015 | Publications
Delaware Court of Chancery Holds That Minority Stockholders Did Not Waive Appraisal Rights in a Merger Where the Company Failed to Properly Exercise Drag-Along Rights
Feb 04, 2015 | News
Elliott Reaches Settlement With Interpublic
Jan 21, 2015 | Publications
Delaware M&A Quarterly
Dec 31, 2014 | News
Spectrum Brands Acquires Procter & Gamble’s European Pet Food Business
Dec 11, 2014 | Publications
Delaware Court of Chancery holds that a 17.3% Stockholder/CEO may be a Controlling Stockholder
Nov 05, 2014 | News
NorthStar to Acquire Ownership Interest in American Healthcare Investors
Oct 21, 2014 | Events
Michael Gertzman and Steven Williams Speak at International Bar Association’s Annual Tokyo Conference
Oct 03, 2014 | Publications
Delaware M&A Quarterly
Sep 23, 2014 | News
Spectrum Brands to Acquire Procter & Gamble’s European Pet Food Business
Sep 18, 2014 | News
SAP to Acquire Concur Technologies
Sep 09, 2014 | Publications
Delaware Court of Chancery Upholds Forum Selection Bylaw Adopted Concurrently with Merger Agreement and Designating North Carolina as Exclusive Forum
Aug 03, 2014 | News
International Strategy & Investment To Be Acquired by Evercore
Jul 25, 2014 | Publications
2014 Amendments to the Delaware General Corporation Law
Jul 10, 2014 | Publications
Delaware M&A Quarterly
Jul 02, 2014 | Publications
SEC Issues Guidance on Proxy Advisory and Voting Services
May 05, 2014 | Publications
Delaware Court of Chancery Finds Sotheby’s Poison Pill Reasonable; Declines to Enjoin Sotheby’s Annual Meeting
Mar 14, 2014 | Publications
Delaware Supreme Court Affirms Roadmap to Avoid Entire Fairness in a Going-Private Transaction
Jan 13, 2014 | Publications
Delaware M&A Quarterly
Jan 08, 2014 | News
Elliott Offers to Acquire Riverbed
Of Note
Oct 25, 2013
Harbinger Recognized with
“The Oil and Gas Financial Journal
Transaction of the Year Award”