Key Takeaways
- • Akerman LLP adds Bruce Steinert as partner in Corporate Practice Group, expanding debt finance capabilities in Los Angeles office.
- • Steinert brings specialized expertise in leveraged buyout financings, acquisition facilities, refinancings, recapitalizations, and distressed workout facilities across multiple sectors including software, IT, healthcare, manufacturing, and pharmaceuticals.
- • Move strengthens Akerman's West Coast private equity platform at a time when sponsor clients are increasingly demanding specialized debt financing depth.
- • Steinert represents the second partner addition to Akerman's Los Angeles office in recent weeks, following litigation partner Jade Faysal Jurdi, signaling continued firm expansion in the market.
- • Steinert's cross-border experience spans domestic and multijurisdictional transactions, positioning him to serve portfolio companies on platform and add-on acquisitions.
Summary
Akerman LLP announced the addition of Bruce Steinert as a partner in its Corporate Practice Group based in Los Angeles, bolstering the firm's debt finance capabilities on the West Coast. Steinert is a veteran debt finance attorney with deep expertise advising private equity sponsors, debt investment funds, and publicly traded and privately held companies on complex financing and corporate transactions.
Steinert's practice encompasses a comprehensive range of debt financing structures, including acquisition facilities, refinancing facilities, recapitalizations, distressed and workout facilities, bond issuances, and second-lien and junior debt financings. His experience spans both domestic and multijurisdictional transactions, providing him with practical, deal-tested knowledge across numerous sectors—software, IT, business services, healthcare, manufacturing, retail, insurance, and pharmaceuticals. He has represented leading sponsors in financings supporting dozens of platform and add-on acquisitions, bringing significant transaction depth to his new role.
Paul Quinn, co-chair of Akerman's Corporate Practice Group, emphasized the strategic timing of Steinert's arrival, noting that private equity clients are actively seeking enhanced debt finance capabilities. "Bruce's arrival strengthens our debt finance capabilities on the West Coast at a moment when our private equity clients are asking for exactly this kind of depth," Quinn stated. "His practical, deal-tested approach to sponsor-side financings makes him a tremendous addition to our national corporate team."
Steinert expressed enthusiasm about joining Akerman's platform, highlighting the firm's reputation in private equity. "Akerman's private equity platform is one of the strongest in the country, and it is an ideal home for my practice," he said. "I look forward to working with my new colleagues to serve our sponsor and portfolio company clients on the financings that drive their most important transactions."
The hire underscores Akerman's aggressive growth strategy in Los Angeles, with Steinert marking the second partner addition to the office in recent weeks following the arrival of litigation partner Jade Faysal Jurdi. The additions reflect broader firm expansion and heightened focus on serving institutional investors and private equity sponsors navigating complex capital structures and financing solutions.
Steinert's practice encompasses a comprehensive range of debt financing structures, including acquisition facilities, refinancing facilities, recapitalizations, distressed and workout facilities, bond issuances, and second-lien and junior debt financings. His experience spans both domestic and multijurisdictional transactions, providing him with practical, deal-tested knowledge across numerous sectors—software, IT, business services, healthcare, manufacturing, retail, insurance, and pharmaceuticals. He has represented leading sponsors in financings supporting dozens of platform and add-on acquisitions, bringing significant transaction depth to his new role.
Paul Quinn, co-chair of Akerman's Corporate Practice Group, emphasized the strategic timing of Steinert's arrival, noting that private equity clients are actively seeking enhanced debt finance capabilities. "Bruce's arrival strengthens our debt finance capabilities on the West Coast at a moment when our private equity clients are asking for exactly this kind of depth," Quinn stated. "His practical, deal-tested approach to sponsor-side financings makes him a tremendous addition to our national corporate team."
Steinert expressed enthusiasm about joining Akerman's platform, highlighting the firm's reputation in private equity. "Akerman's private equity platform is one of the strongest in the country, and it is an ideal home for my practice," he said. "I look forward to working with my new colleagues to serve our sponsor and portfolio company clients on the financings that drive their most important transactions."
The hire underscores Akerman's aggressive growth strategy in Los Angeles, with Steinert marking the second partner addition to the office in recent weeks following the arrival of litigation partner Jade Faysal Jurdi. The additions reflect broader firm expansion and heightened focus on serving institutional investors and private equity sponsors navigating complex capital structures and financing solutions.
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