SRZ Advises on the Acquisition of AT&T’s Yellow Pages - Advertising Solutions and Interactive Businesses

SRZ represented Cerberus Capital Management, L.P. in its $950 million acquisition of 53 percent of AT&T's Yellow Pages - Advertising Solutions and AT&T Interactive Businesses and associated recapitalization. The Yellow Pages business includes about 1,200 yellow pages directory titles that reach 150 million homes and offices in 22 states; rights to the yellow pages website YP.com and the YP mobile app; and the YP Local Ad Network, a network of more than 300 mobile and online publisher websites nationwide reaching 71 million monthly unique visitors. The acquisition was announced on April 9, 2012 and closed on May 8, 2012.

The deal team included tax partner Alan S. Waldenberg; intellectual property, sourcing & technology special counsel Scott M. Kareff; environmental partner Howard B. Epstein; employment & employee benefits partner Ronald E. Richman and special counsel Scott A. Gold; real estate partners Robert S. Nash and Julian M. Wise; and former Schulte lawyers Kirby Chin, John Garces, Matthew J. Gruenberg and Frederic L. Ragucci.