| Biography:
Lawrence H. Budish is a partner in Proskauer Rose LLP's Corporate Department, concentrating on mergers and acquisitions. Over the last several years, Larry has developed extensive experience in the acquisition and disposition and financing of media properties, including cable television and wireless cable systems, network and independent television stations, radio stations, magazines and other publications, outdoor advertising companies and cellular telephone systems. Larry has been involved in all types of media transactions -- auctions and privately negotiated transactions, acquisitions from public or private companies, acquisitions out of bankruptcy, and acquisitions involving like-kind exchanges.
Larry represented I. Martin Pompadur and the late Elton Rule in the formation of ML Media Partners, L.P. and ML Media Opportunity Partners, L.P., two publicly held limited partnerships. Larry has represented ML Media, ML Opportunity and other entities controlled by Mr. Pompadur in the acquisition and financing of in excess of $1 billion in cable television systems, network television stations, radio stations and other media properties, and in the subsequent disposition of these properties.
Larry represents VS&A Communications Partners II, L.P., and VS&A Communications Partners III, L.P., two private equity funds affiliated with Veronis, Suhler & Associates Inc., a major media investment banking firm, that raised an aggregate of $1.3 billion, in connection with the acquisition and disposition of media and communications properties. Recent transactions include the acquisition of Hanley Wood (a trade publisher), and Phillips Business Information (a publisher of magazines and newsletters and a trade show operator).
In recent non-media transactions, Larry represented the stockholders of Del Monte Foods in the sale of the company to Texas Pacific Group for approximately $800 million; The Hartz Mountain Corporation in the sale of its pets food business and the sale of The Village Voice and other alternative newspapers; the stockholders of International Terminal Operating Co. Inc. and Ceres Terminals, Inc. in the sale of their respective stevedoring businesses; and the stockholders of Simcala, Inc. in the sale of its silicon-metal manufacturing business.
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