Shaobin Zheng

SHAOBIN ZHENG focuses his practice on the representation of private equity sponsors, portfolio companies, public and private borrowers, investment funds, and financial institutions in a variety of financing transactions.

Prior to joining Sidley, Shaobin worked as a legal extern at the U.S. Bankruptcy Court for the District of Massachusetts.

Shaobin is fluent in Mandarin and Taiwanese (Hokkien).

Leveraged Buyouts and Private Company Financings

• Leonard Green & Partners on the financing aspects of their majority acquisition of Topgolf Callaway Brands Corp.’s Topgolf and Toptracer business.

• Clearlake Capital Group, L.P. and its portfolio companies in multiple financings, including:
  • Its US$7.7 billion take-private acquisition of Dun & Bradstreet Holdings, Inc., a global provider of business decisioning data and analytics.
  • Its significant majority growth investment in ModMed, a developer of AI-powered medical practice technology.
• Stonepeak Partners LP in an incremental term loan facility for its portfolio company, Oryx Midstream Holdings, to finance a distribution to equity holders and subsequent refinancing of its US$1.85 billion senior secured credit facilities.
• One Equity Partners in the financing for its investment in Brown & Root Industrial Services, a provider of non-discretionary, specialty industrial services.

Liability Management / Restructuring

• Stonepeak Partners LP in connection with the Chapter 11 cases of Akumin Inc., a leading national provider of outpatient radiology and oncology solutions, the culmination of Stonepeak consummating a “loan to own” take-private transaction, including the provision of a DIP credit facility and a significant recapitalization upon emergence through additional equity contributions, the issuance of new notes, and entry into a new revolving credit facility.
• Ebix Inc., which operates an insurance exchange platform as well as provides other financial services focused on the insurance industry, in its Chapter 11 cases, including its DIP financing and various prepetition financing transactions.