David Black assists clients with corporate transactions and commercial real estate. David counsels closely-held companies, as well as entrepreneurial organizations and individuals.
Representative Experience
· Represented Seitlin Insurance (Seitlin & Company and Seitlin Benefits Corporation) in its sale to Marsh & McLennan Agency. Seitlin Insurance, prior to its acquisition, was South Florida's largest privately held insurance brokerage firm and one of the Top 100 insurance brokers in the United States. Marsh & McLennan Agency is a wholly-owned subsidiary of Marsh & McLennan Companies, the world's largest insurance and consulting company. Advised Seitlin Insurance throughout the entire (marketing, letter of intent, definitive agreement and simultaneous signing and closing) sales process and on various corporate and corporate governance issues, including working closely with the Company's ESOP independent fiduciary, financial advisors and counsel.
· Represented the successful plan proponent in a series of reorganization transactions for the largest hotel in Pittsburgh that included our client's acquisition of all the equity in the debtor. These transactions included: (a) restructuring the hotel's senior secured financing under BlackRock Capital's $49.6 million loan, (b) negotiating and implementing a new Franchise Agreement followed by a Hotel Management Agreement with Wyndham Hotels, (c) consummating $8 million of additional financing from Wyndham, secured by the Hotel's equity, (d) placing up to $11 million in junior mortgage financing from our client as Plan Proponent, and (e) resolving other secured and unsecured claims.
· Represented private equity fund in successful acquisition and restructuring of $24 million of senior and subordinated debt obligations of major supplier of car wash systems with international operations; structured acquisition to maximize income tax benefits and realize significant value for client.
· Represented Gulfstream International Group and its affiliates in connection with its bankruptcy reorganization, including pre-petition negotiations and agreements for aircraft and engine lease arrangements, debtor-in-possession financing, and ultimately, the sale of the going concern pursuant to a contested auction under Section 363. These transactions involved more than a $50 million of debt and other obligations.
· Represented the acquirer/borrower in what was then the largest REIT privatization transaction in United States history in connection with a $9 billion portfolio acquisition.
· Represented publicly traded fund client in the formation of a new $354 million fund and corporate reorganization.
· Represented private and public institutional investors in equity joint venture investments.
· Represented the lender in connection with a $78.3 million loan secured by cellular tower sites throughout the United States.
· Represented purchaser in connection with a $1 billion acquisition of various debt positions in commercial real estate loans.
· Represented purchaser in connection with an $800 million acquisition of 600 commercial real estate properties on the west coast of the United States.
· While working for a large office supplies company, advised wholly-owned subsidiaries in all phases of business transactions and activities, including bid process, contract creation, dispute resolution and termination.
Awards and Recognition
· Finalist for Most Effective Lawyer Award, Daily Business Review, 2011
· Finalist for The 2012 M&A Advisor Turnaround Awards (Reorganization and sale of the Pittsburgh Hilton)
Professional & Community Involvement
· Advisory Board Member, Posse Miami (2011). The Posse Foundation was founded in 1989 to assist public high school students with extraordinary academic and leadership potential, who might otherwise be overlooked by traditional college selection processes, succeed in institutions of higher learning and their subsequent endeavors, thereby enabling our country's future leaders more accurately to reflect our nation's diversity.
· Board Member of Hope House, Inc., a Boston-based non-profit, founded in 1955, which operates an 80-bed residential treatment program and provides affordable housing for the homeless.
· Secretary for the Broward Organizational Committee for The Children's Movement of Florida.
Articles
· "The Case of the Exotic Notes in Commercial Real Estate Transactions," Real Estate Finance & Investment, March 2008
Prior Affiliations
· Staples, Inc., Contracts Specialist (Legal Department)
· Goodwin Procter LLP, Associate (Business Law Department)
In the News
Two Attorneys Join Berger Singerman's Business, Finance & Tax Team, Berger Singerman, Iryna Ivashchuk, David Black, March 19, 2010
Movers: David Black and Iryna Ivashchuk, Miami Herald, David K. Black, Iryna Ivashchuk, March 22, 2010
David K. Black Joins Berger Singerman, Daily Business Review, David K. Black, March 23, 2010
David Black Joins Berger Singerman, Miami Today, David K. Black, March 25, 2010
Three New Attorneys Join Berger Singerman, Sun-Sentinel, David K. Black, Iryna Ivashchuk, Stefanie C. Moon, April 05, 2010
David Black and Iryna Ivashchuk Join Berger Singerman, Florida Bar News, David K. Black, Iryna Ivashchuk, April 15, 2010
In the News Report, 1.02.11, Karen Abraham, Mitchell Berger, David Black, Frank Caplan, Liz Conover, Jennifer Escobar, Dawn Kampersal, Michael Greene, Jordi Guso, Deborah Talenfeld, Paul Steven Singerman, January 03, 2011
David K. Black Named to The Posse Foundation Miami Advisory Board, David K. Black, April 15, 2011
In the News Report, 4.24.11, Ruben Fogel, David Black, Lenny Samuels, April 24, 2011
In the News Report, 5.08.11, David Black, Melanie Hines, Stefanie Moon, Frank Caplan, Deborah Talenfeld, Mike Greene, Jordi Guso, Dan Lampert, Dan Mielnicki, Chuck Lichtman, May 11, 2011
In the News Report, 5.15.11, Chuck Lichtman, David Black, May 16, 2011
In the News Report, 6.12.11, David Black, Chuck Lichtman, June 13, 2011
In the News Report, Period Ending 1.29.2012, Doug Bates, Etan Mark, David Black, Gavin Gaukroger, Paige Mason, Laurie Weinstein, February 01, 2012