Steven M. Gerenraich is a partner with Foley & Lardner LLP and is a member of the Transactional & Securities and Private Equity & Venture Capital Practices as well as the Health Care and Food & Beverage Industry Teams. His practice focuses in the areas of mergers & acquisitions (M&A), private equity and venture capital, joint venture and other commercial transactions, with a focus on health care, health care related companies, and the food industry.
Mr. Gerenraich represents private equity, investment banking firms, institutional health care providers, management companies and physician groups in a broad range of health care transactions, including the purchase and sale of health systems, physician practices, physician-owned hospitals, ambulatory surgery centers and health care consulting service companies; underwritings and other financings; restructurings in and out of bankruptcy; and hospital and surgery center management arrangements.
Representative matters include the following:
- Represented the debtor estate in the sale of the Allegheny Health, Education and Research Foundation, the largest nonprofit healthcare bankruptcy in U.S. history.
- Represented underwriters in 501(c)(3) financings for several major U.S. health systems.
- Represented management companies in the investment and restructuring of physician-owned hospitals and ambulatory surgery centers.
- Represented private equity firm in the purchase of medical device manufacturer.
- Represented health care management and consulting business in acquisition of perioperative and anesthesia services firm.
Mr. Gerenraich also represents manufacturers, processors, operators and private equity and other investors in a wide variety of food and food service related transactions, including acquisitions and divestitures, both in and out of bankruptcy; financings; co-packing arrangements; joint venture agreements and general corporate counseling matters.
Representative matters include the following:
- Represented creditors committee in connection with the sale of beef and pork processing businesses in side by side bankruptcy auction process
- Represented management in connection with a leveraged buyout of wholesale baked goods company
- Represents specialty coffee manufacturer in connection with corporate restructuring and financing matters
- Represents publicly trading co-packer in connection with contract and other on-going general corporate matters
- Represents investor group in connection with ownership interest in regional fast-casual chain
- Represented private equity fund in acquisition of organic and specialty food product business.
Mr. Gerenraich’s experience in other industries includes financial services, transportation, metal recycling, manufacturing and consumer products, where he has represented public and privately held companies, private equity funds, investment banking firms, entrepreneurs and other interested parties in mergers, sales, acquisitions, 363 sales and other distressed acquisitions, reorganizations, management buyouts and other restructurings, as well as private placements, venture capital transactions and other equity and debt financings.
Mr. Gerenraich also represents companies, both public and private in connection with a variety of day-to-day legal and business issues, including securities law compliance, corporate governance, supply agreements, sales representative agreements, licensing arrangements, employment agreements, consulting agreements and purchase arrangements, as well as more complex commercial arrangements such as joint ventures and other strategic alliances.
Representative matters include the following:
- Represented a UK based metal recycling firm in connection with its U.S. acquisitions and implementation of its U.S. growth strategy, including strategic alliances and joint ventures with local producers
- Represented buyers (an affiliated group consisting of U.S., Canadian, and Mexican entities) in the purchase of railroad rolling stock, consisting of several hundred railcars and locomotives, related equipment and components and leases of rolling stock not owned by the seller
- Represented U.S. boutique investment bank in connection with a merger with an Australian based global financial services provider
- Represented a U.S.-based manufacturer of hair care products to an Indian based consumer products conglomerate
Prior to joining Foley, Mr. Gerenraich practiced with Freeborn & Peters. He speaks Mandarin Chinese and was a sales and marketing coordinator for Chrysler in Taiwan for more than three years.
Mr. Gerenraich is a magna cum laude graduate of the University of Illinois Law School (1996). His bachelor of arts degree was awarded, with honors, by the University of Michigan in 1989.