Michael K. Renetzky

Michael Renetzky focuses his practice on investment management, securities and corporate law. Michael has considerable experience counseling clients on securities law compliance, debt and equity financing matters, investment adviser, trust company, investment company and broker-dealer regulation. Additionally, he represents buyers and sellers in mergers and acquisitions transactions. Finally, he frequently counsels boards of directors and assists clients with governance matters, particularly in the insurance industry.

Michael is Chair of the Firm’s Finance Committee, a former member of the Firm’s Executive Committee and Board of Directors, former Managing Partner of the Firm’s Chicago office, a leader of the Firm’s Investment Adviser and Alternative Funds Practice and a contributing author and editor of the Firm’s FUNDamentals™ Investment Management QuickStudy Series, which is prepared for investment advisers, fund managers and private investment companies.

Michael’s representative experience includes:

Counseling and Compliance

• Organization of registered investment companies, hedge funds and other funds exempt from the registration requirements of the Investment Company Act of 1940
• Registration of federally covered and state covered investment advisers
• Counseling on regulatory and compliance concerns affecting investment funds, federally covered investment advisers and state registered investment advisers
• Developing compliance programs and conducting compliance audits for investment advisers and broker-dealers
• Developing and implementing a 38a-1 compliance certification program for a large mutual fund complex
• Counseling on the unique federal and state investment management regulatory issues faced by federal savings banks
• Counseling boards of directors of mutual companies and other non-stock entities on corporate governance matters

Transactions

• New Mexico Gas Company, Inc., in the issuance of three series of senior unsecured notes with a total value of $220 million through a private placement
• New Mexico Gas Company, Inc., in a set of facility transactions:
  • Second Amended and Restated Credit Facility for its $125 million existing syndicated senior unsecured revolving credit facility to extend the maturity and to make other technical changes
  • Term Loan Credit Facility with The Bank of Nova Scotia as agent and lender, pursuant to which the bank extended a $100 million senior unsecured term loan
• YCharts, a cloud-based investment analytics and communications platform, in its growth recapitalization by private equity firm LLR Partners in partnership with YCharts’ management team
• THE SWITCH, North America’s leading video solutions service provider, in its acquisition of Pacific Television Center, Inc. (PacTV) for an undisclosed value
• Tampa Electric Company in a Sixth Amended and Restated Credit Facility to increase the amount of the commitment of its existing syndicated senior unsecured revolving credit facility to $800 million, extend the maturity date and make other technical changes
• MTL Insurance Company’s $30 million offering of 6.25% Surplus Notes
• The Hartford’s (NYSE: HIG) disposition of Specialty Risk Services, a third-party claims administrator, for $278 million
• Humana’s (NYSE: HUM) acquisition through merger of Concentra, Inc., a health care provider, for $790 million
• Creation and SEC registration of Individual Variable Deferred Annuity for Federal Life Insurance Company (Mutual) and underlying open-end registered investment management company
• Exchange of approximately 17 percent of the common stock of Triad Guaranty Inc. (NASDAQ: TGIC) in a tax-free reorganization of an affiliate of the largest beneficial owner of shares
• $150 million offering of Noncumulative Perpetual Preferred Shares of a financial holding company
• Hartford Life Insurance Company’s acquisition of the group benefits division of CNA Financial Corporation for $500 million
• Merger of Woronoco Bancorp, Inc. (AMEX: WRO), with and into Berkshire Hills Bancorp, Inc. (AMEX: BHL)
• $4 billion medium term note program backed by XL Life Insurance and Annuity Company funding agreements
• $150 million offering of Surplus Notes of BlueCross BlueShield of Florida
• Hartford Life Insurance Company’s acquisition of the annuity, life and investment businesses of the Fortis Financial Group for $1.1 billion
• Acquisition of all of the publicly held shares of Phoenix Investment Partners (NYSE: PXP) by Phoenix Home Life
• Aetna’s sale of its individual life insurance business to Lincoln National for $1 billion
• RISC Networks, an industry leader in cloud, data center and network operations analytics, in the company’s acquisition by Flexera