Lowenstein Sandler appoints new Partner and Chair of International Finance Practice
Lowenstein Sandler is pleased to announce that Rossie E Turman III has joined the firm as Chair of its International Finance practice. Turman will be an integral part of the firm’s Debt Financing group and The Tech Group. He joins Lowenstein’s New York office after 21 years at Skadden, Arps, Slate, Meagher & Flom LLP, where he was a partner for the last 12 years. Turman has been awarded several honors, including being named the Metropolitan Black Bar Association of New York City’s “Private Practitioner of the Year” and one of Savoy magazine’s “Most Influential Black Lawyers.”
His global practice focuses on complex business transactions and financings, including equity capital raising, debt financing, mergers and acquisitions, and joint ventures throughout the Americas, Asia, and the EMEA region, including in over 20 African countries. Turman has a comprehensive understanding of how to navigate and conduct business across international borders and execute transactions across language and cultural differences. For years, he has served as counsel on numerous matters in Africa, including advising public and private entities, governments, parastatals, NGOs, and individual investors. Turman will be leading Lowenstein’s efforts with respect to companies and funds located in and doing business with Africa. He has also actively engaged in civic endeavours and supported several charities on the African continent for nearly three decades.
Turman has extensive leveraged finance experience involving syndicated loans, out-of-court and Chapter 11 reorganisations, acquisition financings, leveraged buyouts, bridge loans, asset-backed loans, subscription facilities, receivables facilities, convertible debt, private placements, and equity-enhanced structures. He has served a broad range of industries, including financial services, technology, pharmaceuticals, consumer retail, insurance, hospitality, health services, and natural resources.
“I was drawn to Lowenstein’s entrepreneurial culture, with its established financing practice and market-leading representation of emerging-growth companies across its platform, but particularly within Lowenstein’s Tech Group. The firm works to throw open the doors of private equity and venture capital to a wider audience that has been underrepresented in those spheres,” says Turman. “Instead of resting on their laurels, Lowenstein is a firm that will beat the competition to new opportunities and then out-execute them.”
Lowell A Citron, partner and Chair of the firm’s Debt Financing group, says: “Rossie’s vast knowledge of financing on behalf of both borrowers and lenders, as well as his infectious enthusiasm for creating new opportunities, will make him an invaluable member of our collaborative team.”
Turman will work closely with the firm’s market-leading Tech Group in the representation of growth companies, especially (but not exclusively) those based in emerging-market economies that have interests in the United States, as well as with the firm’s Investment Management group in its growing representation of diverse fund managers.
Ed Zimmerman, partner and Chair of The Tech Group, adds, “Rossie and I share a commitment to equalizing access to capital and seasoned legal counsel as a way to play a role in unlocking the massive potential of underrepresented people, businesses, and geographies.”
Partner Marita A Makinen, Chair of Mergers & Acquisitions at Lowenstein and Co-chair of the firm’s Transactions & Advisory Group, states: “Rossie’s passion for helping his clients grow through innovative cross-border financings, in addition to his impressive track record in highly complex international M&A, debt, and restructuring transactions, will enhance our transactional practices in the wider international market.”
An active mentor for attorneys of colour across the legal profession, Turman serves on the Boards of the Council of Urban Professionals and the Lawyers’ Committee for Civil Rights Under Law. He has previously served on the Board of United Way of New York City, the Trustee Board of Abyssinian Baptist Church, and the Vance Center for International Justice (Africa Subcommittee). He has a J: from Columbia University School of Law (where he was a Harlan Fiske Stone Scholar) and a BS from Arizona State University (where he served as Student Body President).