David’s practice encompasses the areas of:
- corporate finance
- mergers and acquisitions
- corporate governance
He is highly skilled in the areas of venture capital and private equity, including:
- the representation of control parties, investors, and management groups in leveraged acquisitions
- domestic and international private placements
- early-stage company recapitalizations
David’s professional experiences as a former banker and entrepreneur inform his role as a trusted business advisor to clients. He has experience with each stage of the corporate life cycle: start up, expansion, management transition, and exit.
David has advised public and privately held companies in complex transactions and as a general business advisor. Relevant transactional experiences include:
- $30,000,000 leverage buyout of industrial services company
- $55,000,000 acquisition refinancing and modifications of subordinated debt obligation
- Special counsel to board of directors of a public company regarding formation of a committee of independent directors to consider various strategic alternative including change in control transactions
- A corporate split up transaction including the formation of a holding company under the Delaware merger statute and the transfer of intellectual property assets into a newly-formed intellectual property licensing company
David has represented clients in various forms of corporate finance transactions, including underwritten offerings of debt, equity, and innovative “hybrid” instruments, as well as in more traditional credit transactions such as syndicated bank loans. These have included:
- Pittsburgh Steelers Sports, Inc., $65,000,000 securitized receivables financing—as obligor’s counsel
- Decorator Industries, Inc., Option Share Repricing and Exchange Offer under Rule 13(e)-4—as offeror’s counsel
- AT&T Capital Corporation, $200,000,000 Trust Originated Preferred Securities (“TOPrS”) offering–as underwriter’s counsel
- Riddell Sport, Inc., $115,000,000 10 1/2% Senior Notes Due 2007—as issuer’s counsel
- SFC Acquisition Corp., $60,000,000, 8.65% Senior Notes Due 2003 and $97,500,000 Private Placement of Common Stock—as placement agent’s counsel
David has represented sellers, acquirors, and financial advisors in large, public company M&A transactions. More recently, his practice has focused on private, middle-market business combination transactions.
In law school, David was a member of the University of Pittsburgh Law Review.
David formerly served on the Board of Directors of the Jewish Community Center of Pittsburgh.
Podcast
Partner David Jaffe Provides Guidance on the Impact of the Economic Crisis on the Private Equity Sector, Credit Markets and Middle-Market M&A Activity
Listen to the Podcast