Overview

Evan Stone focuses his practice on complex investment activities for professional investment managers, strategic acquirers and other institutional investors. He has represented hedge funds, private equity funds, venture capital funds, family offices, RIAs, and public and private corporations on a wide range of highly sophisticated corporate, securities and regulatory matters. Evan’s cross-over practice, combining a strong transactional and tactical orientation with cutting edge regulatory and in-house experience, provides unique value to clients at a time when all of these skills are increasingly relevant to client matters. Evan also serves as Dallas Office Chair for Corporate law.

Prior to joining the firm, Evan held key positions with leading firms in the areas of investment management and control transactions:

  • Lee & Stone LLP, a boutique law firm focused specifically on representing private fund investment advisers and family offices on launch, capital raising, transactional and regulatory matters. Among other things, Evan crafted innovative seeding and partnership arrangements between managers and investors (including family offices), designed customized regulatory compliance programs, and guided clients through a variety of on-going activities, including control and minority investments. The firm acquired Lee & Stone LLP, which Evan co-founded, in 2013.
  • Newcastle Capital Management LP, a prominent Dallas-based control and activist investment manager where Evan served as general counsel. Evan oversaw and guided the adviser and its affiliated investment funds and companies on all legal matters, including control transactions, proxy contests, financings, corporate governance matters, ‘34 Act filings, fund formation and marketing.
  • Skadden, Arps, Slate, Meagher & Flom LLP, where Evan represented leading private equity funds and Fortune 500 companies on mergers and acquisitions, and securities matters.

Evan also worked at Merrill Lynch & Co, where he advised public companies, private equity funds and venture capital funds on equity and debt financings, as well as mergers and acquisitions. He has also served as a director of public companies and a member of key committees.

Representative Experience

Investment Management

  • Structured and launched hedge funds, including equity long short, credit, global macro and stat arb
  • Structured and launched private equity funds, including general buyout, sector focused and real estate
  • Structured and launched search vehicles and investment club structures
  • Structured and launched special purpose investment partnerships for a range of assets
  • Structured a variety of family office seeding arrangements with leading family offices (representing investment managers and family offices)
  • Structured and launched commodity pools, including energy, electricity and precious metals
  • Designed and implemented regulatory compliance programs and policies for leading institutional investment managers
  • Spearheaded outsourced regulatory compliance oversight on retained basis for leading institutional investment managers
  • Structured and drafted customized investment management and marketing arrangements

Mergers and Acquisitions/Control Transactions

  • Represented private equity managers on control transactions (buy side and sell side) in various industries, including manufacturing, technology and internet, media, restaurants, oil and gas, recreational products and apparel
  • Represented hedge fund managers on reportable affiliate stakes in public companies
  • Represented fund managers on activist strategies
  • Represented public companies on acquisition, sale and divestiture and recapitalization transactions through a variety of structures
  • Represented public companies on activist defense engagements
  • Represented special committees on company sale and conflict transactions
  • Represented investment managers and operators on joint ventures, complex shareholder/partnership arrangements and equity incentive arrangements in connection with acquisition transactions
  • Represented investors on less traditional going-private structures, including recapitalizations and reverse splits

Other Securities and Governance

  • Represented public companies on range of SEC filing and general disclosure matters, Sarbanes-Oxley issues and other public securities and governance matters
  • Represented investment vehicles and operating companies on Reg D offerings
  • Represented investors on structuring and execution of public and private investment opportunities across asset classes
  • Represented institutional and high net worth investors allocating to pooled vehicles, e.g., private equity, hedge funds and venture capital
  • Significant experience on Section 13 and Section 16 matters applicable to investment managers and public company affiliates
  • Significant experience with boards of directors (public and private) on corporate governance matters

Professional Affiliations

  • Member, State Bar of Texas
  • Member, State Bar of New York

Community Involvement

  • Chairman, Lawyers Division of Jewish Federation of Greater Dallas
  • Board Member, Jewish Federation of Greater Dallas (2012-2014)
  • Member and Vice President, Community Homes for Adults Endowment Foundation
  • Vice President, Board of Directors, Community Homes for Adult Endowment Foundation (CHAEF)
  • Vice President, Board of Directors, Museum of Geometric and MADI Art
  • Officer, Cardozo Society of the Jewish Federation of Greater Dallas

Honors & Awards

  • Recognized, Top Dealmakers in North Texas, Dallas Business Journal (March 2017)

Education

  • J.D., The University of Texas School of Law, (1997)
    • Dual J.D. and M.B.A. Program
  • M.B.A., The University of Texas at Austin, (1997)
    • Dual J.D. and M.B.A. Program
  • B.A., Harvard College, (1993), magna cum laude

Admissions

  • New York State Courts (1998)
  • Texas State Courts (2009)