Joseph Stein is a Partner and leads Financing Advisory. In that capacity, Joseph advises on financing transactions for the firm’s clients including the placement of debt and equity securities with institutional investors.
Since joining Solomon Partners in 2001, Joseph has arranged more than $20 billion of debt and equity capital for acquisitions, general corporate purposes and highly structured rescue financing. Loans or other securities are typically placed with an array of banks, BDCs, finance companies, hedge funds, specialty debt funds or other institutional investors.
Select transactions include: $380 million senior secured debt for Perry Ellis International, $200 million dividend recapitalization for Maurices Inc., $650 million debt recapitalization for Designer Brands, $300 million asset-based revolving credit facility and first-in last-out term loan for Chico’s, $835 million senior secured debt recapitalization for RadioShack Corporation, $150 million senior secured debt with warrants for Zale Corporation, $150 million senior secured debt with warrants for Quiksilver, $445 million senior secured recapitalization for Media General, Inc. with Berkshire Hathaway, $2.4 billion of debt and equity financing for Sony/ATV Music Publishing’s acquisition of EMI Music Publishing and $165 million senior secured debt financing for take-private of Kenneth Cole Productions, Inc.
Joseph was previously Executive Director and Head of the Private Placement Group at UBS Warburg LLC, responsible for the structure and placement of senior debt, subordinated debt and mezzanine securities for both domestic and foreign issuers. With more than 20 years of experience in investment banking, Joseph began his career at Manufacturers Hanover Trust Company in asset-based finance. He held various corporate finance positions at Citicorp Securities.
Joseph holds an MBA from William E. Simon Graduate School of Business Administration at the University of Rochester and a BA from Hobart College.
Trustee, Hobart and William Smith Colleges
Served as the exclusive financial advisor and placement agent to Prime Therapeutics on its acquisition of Magellan Rx
Served as financial advisor to OpCapita, Centerbridge and Metric Capital Partners on their investment in Soul Foods Group, with a concurrent delayed draw term loan financing
Served as financial advisor to Perry Ellis on a $200 million Asset-Based Revolver provided by Capital One and a $180 million Senior Secured Term Loan provided by Sound Point Capital to refinance existing debt
Served as financial advisor to Maurices on a $100M revolving credit facility and a $100M term loan facility provided by Wingspire Capital and SLR Credit Solutions to refinance debt and fund sponsor dividend
Served as co-financial advisor to Red Lobster on its refinancing of existing credit facilities
Served as financial advisor to Chico's on its $285mm Revolving Credit Facility and $15mm FILO
Served as investment banker to Stage Stores in its ongoing Chapter 11 proceedings.
Solomon Partners advised Designer Brands Inc. on a new $400 million ABL and $250 million Senior Secured Term loan.