Ryan M. Scofield

RYAN SCOFIELD has broad experience handling complex corporate and transactional matters and has developed a particular experience managing the most complicated and bespoke transactions. Since 2021, he has advised on transactions across multiple industries representing over US$100 billion in aggregate value.

While his practice predominately focuses on financial products and services (including insurance and structured financial products), energy (including traditional oil and gas and alternatives), infrastructure and industrials, Ryan has led transactions in various other industries, as well, including manufacturing, technology, healthcare and real estate. He represents private equity sponsors, their portfolio investments, strategic public issuers, joint ventures, consortiums and other clients in a variety of different transaction types, including mergers, acquisitions, private placements, structured equity investments, divestitures, strategic relationships, registered primary, secondary and follow-on offerings of public securities, corporate governance, restructurings and liability management.

In addition to Ryan’s client representations, he serves as the Dallas co-chair of Sidley’s Committee on Recruiting of Associates, is an active member of Sidley’s Asset-Backed Finance team, and was a member of the firm’s COVID-19 task force. Ryan’s range, experience, and results have earned him public recognition, including the selection by his peers to D Magazine’s “Best Lawyer Under 40” for 2020–2024, an award designed to highlight exceptional legal talent under 40 in North Texas.

Ryan earned his J.D., magna cum laude, from the Duke University School of Law, where he was a staff editor for the Duke Law Journal. After graduation, he served as a judicial law clerk to Chief Justice Myron T. Steele of the Supreme Court of Delaware.

A representative cross-section of Ryan’s recent experience includes the following:

Mergers and Acquisitions

• Venerable Insurance – US$51 billion variable annuity reinsurance transaction with, and acquisition of SunAmerica Asset Management, LLC from, Corebridge.
• Frontier Infrastructure – receipt by Tailwater portfolio company and leading developer of low-carbon infrastructure across the U.S. Mountain West and Texas of strategic investment from Baker Hughes, along with power purchase agreement and purchase of turbines from Baker Hughes.
• Kuvare Asset Management and Kuvare UK Holdings – sale for up to US$1 billion of Kuvare Asset Management to Blue Owl Capital (including potential earnout), and US$250 million preferred equity investment by Blue Owl in Kuvare UK Holdings.
• Fleming Insurance Holdings – US$277 million acquisition of JRG Reinsurance Company (JRG Re).
• Buyer group – acquisition of Wells Fargo’s approximately US$10 billion student loan portfolio.
• HMS Holdings Corp. – acquisition of Accent payment accuracy business from Intrado Corporation.
• General Electric Company – global joint venture with Baker Hughes for aero-derivative gas turbine engines and related transactions for GE’s separation from Baker Hughes.
• Vertera Spine – sale of Vertera Spine, a privately held medical device company developing interbody implants for spinal fusion, to NuVasive, Inc., a leading medical device company.
• Dell Boomi – acquisition of ManyWho, a unified cloud and low-code development platform.
• Schweitzer-Mauduit International, Inc. (SWM) – acquisition of Conwed Plastics LLC, a leading producer of engineered resin-based netting solutions.
• PRA Group – sale of government services fee-for-service business.
• EnLink Midstream Partners – sale of North Texas pipeline to Atmos Energy.

Private Equity

• Carlyle and KKR – agreement to acquire a US$10.1 billion portfolio of prime private student loans from Discover Bank.
• Stonepeak Infrastructure Partners – acquisition, via take-private transaction under Chapter 11, of Akumin Inc., a once publicly traded company listed on the Toronto Stock Exchange and Nasdaq, and a leading national provider of outpatient radiology and oncology solutions.
• Apollo Global Management – acquisition of Credit Suisse’s Securitized Products Group and establishment of Atlas Securitized Partners platform.
• Stonepeak Infrastructure Partners – financing of Akumin Inc.’s acquisition of Alliance Healthcare at a US$820 million enterprise value.
• Apollo Global Management and advised funds – sale of AmeriHome Mortgage Company for approximately US$1.22 billion.
• Accelerant Holdings – private placement by Accelerant, a portfolio company of Altamont Capital Partners, of preferred stock in excess of $190 million to multiple unrelated third-party institutional investors, including Eldridge Industries.
• Stonepeak Infrastructure Partners – investment in Lineage Logistics, the world’s largest temperature-controlled logistics company.
• Apollo Global Management – acquisition, through a consortium, of Fortress Investment Group’s ownership in OneMain Financial.
• Apollo Global Management and Athene Holding – acquisition, through a consortium, of Voya Insurance and Annuity Company, including Voya’s closed block variable annuity business, from Voya Financial.
• Stonepeak Infrastructure Partners – investment in convertible preferred securities and common securities of Phillips 66 Partners as part of a US$1.05 billion issuance in connection with a dropdown of assets by Phillips 66 Partners’ general partner.
• Morgan Stanley Energy Partners – majority equity investment in XRI Blue, a water supply and pipeline transportation company.
• Morgan Stanley Energy Partners – majority equity investment in an oilfield services equipment and parts and services company.
• Stonepeak Infrastructure Partners – investment in convertible preferred securities of Dominion Midstream Partners as part of an issuance of up to US$600 million in connection with a dropdown of the Questar Pipeline by Dominion’s general partner.
• Stonepeak Infrastructure Partners – investment in convertible preferred securities of MPLX as part of a US$1 billion issuance.

Securities

• Accelerant Holdings – upsized initial public offering of 34,461,152 Class A common shares (a portion primary and a portion secondary) pursuant to a Form S-1 registration statement.
• Joint Venture among Nelnet, Inc. and certain investors – issuer’s counsel on US$4,031,720,000 Nelnet Student Loan Trust 2021 securitization backed by private student loans.
• Vistra Energy Corp. – initial public offering pursuant to resale shelf registration statement on Form S-1 following spinoff from Energy Future Holdings Corp.

• Sidley’s Committee on Recruiting of Associates, Dallas Co-Chair
• State Bar of Texas, Member
• Dallas Bar Association, Member
• Dallas Association of Young Lawyers, 2016 Leadership Class Member