Steven B. King is the Practice Leader of Ballard Spahr's Investment Management Group, and former Co-Chair of the Mergers and Acquisitions/Private Equity Group. He regularly counsels and represents clients with respect to private equity funds, venture capital funds, and other similar projects. His merger, acquisition, and securities clients have included Fortune 500 companies, as well as small companies and individual entrepreneurs for whom he handles public and private business acquisitions, public offerings (including IPOs), and private placements of securities.
Mr. King also represents underwriters in public and private offerings and broker-dealers in enforcement-related issues. In addition, he has advised large mutual fund complexes, business development companies, hedge funds, and underwriters of specialized unit investment trusts.
Mr. King has extensive experience in representing committees of independent directors of public companies in the context of affiliate transactions, as well as representing independent directors of investment companies. In these roles, Mr. King has counseled independent directors regarding their fiduciary and other duties, helped negotiate changes to certain proposed transactions that improved the prospects for approval of the transactions under the appropriate fairness tests, conducted and documented necessary interviews, and assisted the committees in engaging valuation, accounting, investment banking, and other experts to assist them in their work, where necessary.
As a result of a three-year period in which he served as Chairman of the Board of a New York Stock Exchange-listed company engaged in career training and vocational education, Mr. King has a deep understanding of federal nd state post-secondary education law and he still devotes a portion of his practice to representing educational institutions in connection with their administrative and regulatory requirements and with purchases and sales of for-profit educational business and institutions.
Mr. King also has experience in media industries (where he has represented an independent film production company, individual authors, and a privately held group of newsstand magazine publishing, printing, and distributing companies) and food production businesses (where he represented an independent specialty meat production company).