Gould + Ratner

Fred

Tannenbaum

Partner

Fred Tannenbaum is a highly experienced attorney recognized for his multi-faceted range of successes in a multitude of types of financings and business transactions in over 50 industries. He is differentiated for navigating with keen advice, practicality, precision and care. Over his 40 years of being a lawyer (he started at the tender age of 5!), Fred has successfully guided a large multitude of clients through over 1000 mergers, acquisitions, divestitures, strategic alliances, and venture capital transactions across the country and globe in many industries from raw materials, agriculture, manufacturing, food, distribution, telecommunications, technology, to services. He also serves as general counsel and strategic advisor to over 150 small and mid-sized businesses, families and funds.

As a current Partner and former Managing Partner at Gould & Ratner, Fred can be trusted to deliver innovative, practical and sophisticated solutions to a wide network of key drivers of our national economy: small and middle-market companies, private equity and venture capital funds, emerging technology enterprises, entrepreneurs, and privately held family-owned businesses. His practice areas include critical coordinates in the life cycle of every business. He performs these valuable insights not only with technical acumen but also with strategic insight and equipoise.

  • Counseling businesses and their owners and managers on the preferable range of options and alternatives, after understanding their goals and vision.
  • Forming businesses. 
  • Raising capital, both private equity, venture capital and debt/financing.
  • Growing through acquisitions, mergers, strategic alliances, investments, joint ventures and licensing.
  • Operating with buy-sell, corporate governance and board activities, employment, distribution and myriad other agreements.
  • Attracting, motivating and retaining management talent through various incentive plans and executive compensation programs.
  • Transferring operations through sales, redemptions, new management, partnerships, inter-generational transfers and other mechanisms.

Fred has averaged serving over 150 clients per year for over 25 years. He is known in the industry for his ability to get things done, getting along with (most) adversaries, and excellent client service. Fred’s commitment to clients and their businesses and success is encapsulated in his “CARE” ethos:

  • Comprehensive, Collegial, Collaborative, Cost effective
  • Advisory, Attentive, Accessible, Affable
  • Responsible, Reliable, Responsive, Rational
  • Efficient, Experienced, Enthusiastic

This philosophy has earned him a reputation as a "CEO’s lawyer" and a trusted and dedicated advisor to a large multitude of businesses on the continuum from early stage to behemoth. This mantra is how Fred balances deep competence with genuine empathy. As one client aptly stated, "Fred’s blend of strategic insight and responsiveness has been instrumental to our success."

Fred’s influence extends beyond his breadth of services and advice for his multitude of clients. He has been instrumental in shaping the trajectory of Gould & Ratner, including founding its venture capital and private equity practices, mentoring its up-and-coming talent (both in his department and others), heading the Corporate Department for over ten years, and serving as a Managing Partner for a decade. He has also contributed significantly to the evolution of industries such as wireless telecommunications, ag tech and cannabis, guiding clients through the challenges of these dynamic and, at one time fledgling, pillars of our economy.

Clients’ and friends’ recognition of Fred’s legal, business, strategic and practical prowess have landed him on several corporate boards and serving as a past president and a two decade executive committee member of a leading international legal network. He is also an active leader in several charitable organizations that support worthy causes in medicine, the arts, political and religious causes.

Fred also believes in giving back to the legal community. In this era where “content is King”, Fred is a prolific writer and speaker. He has authored a business law treatise (2 editions), five law review articles, a 54-page Chapter on Venture Capital Financing (5th edition) in a significant treatise on Advising Small and Medium Size Businesses, and over 125 articles on topics relevant to investors, entrepreneurs and family businesses. He has also delivered over 50 speeches and panel moderations across the country and in several nations including China, the United Kingdom, Brazil, Dubai and Portugal.  Fred has also been a guest lecturer at Northwestern University’s Innovation and New Ventures Office (INVO).

But don’t take it from Fred. He does not boast himself or rest on his laurels. Here is a small unsolicited sample of accolades Fred received from clients only in the past year or so:

  • From the CEO of a billion dollar in sales leading national food ingredient distribution client-- “Finally, thank you Fred for another year of fantastic legal service, fantastic legal guidance and terrific support from the whole G&R team. [We] would not be the company we are today without you.”
  • From the founder and CEO of a leading venture capital fund— “This deal structure and negotiations were all well thought out and true to form with you as a lawyer and human being. You live by these standards and do what you preach, which is quite rare these days. I am proud to call you our lawyer and my friend.  You make such a difference and are a world apart.”
  • Founder and CEO of a leading media company— “… thank you Fred! You're a mensch!”
  • Founder and CEO of a leading agriculture and food tech venture capital fund— “Fred, your level of self-deprecation is always creative and funny. I’ll say that I am so very grateful to have your counsel and partnership. You are such a force for [the Funds] and a great champion of me personally, who I learn so much from. You should be immensely proud of all that you do and that you share your knowledge with us all in so many ways each day. All the best!”
  • Founder and CEO of an agriculture private equity fund— “You are the best. We could not have done it without you. I greatly value your counsel and our long-lasting friendship.”
  • Co-founder of a real estate investment fund— “Thanks for all your help on this insanely complicated restructuring of our empire. I don’t know how your mind works or conceives of what you do but let’s just say that you are a godsend!”
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Connect with Fred

(312) 899-1613 Office
(312) 841-0880 Mobile
Fredric D. Tannenbaum
Rated by Super Lawyers


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Connect with Fred

(312) 899-1613 Office
(312) 841-0880 Mobile
Fredric D. Tannenbaum
Rated by Super Lawyers


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Credentials

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Education

  • University of Wisconsin-Madison Law School, J.D., summa cum laude, Order of the Coif
  • Ohio Wesleyan University, B.A., summa cum laude, Phi Beta Kappa, Senior Class President

Bar Admissions

  • Illinois

Affiliations

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  • LawExchange International
    – Executive Committee
    – Past President
    – Frequent presenter to network of over 30 law firms in Europe, India, China, the Middle East, Australia and North America with more than 50 other correspondent firms throughout the world
  • Advisory Board, ALI-ABA publications, Corporate/Commercial Section
  • America-Israel Chamber of Commerce
    – Executive Committee
    – Board of Directors
  • Temple Sholom, Chicago, IL
    – Treasurer
    – Executive Committee
    – Board of Directors
    – Investment Committee
  • Cellcom and Nsight
    – Board of Directors
  • Leadership roles in many other charities, political and civic groups

Key Cases or Transactions

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    General

  • Sale of digital marketing agency for biopharma brands to a leading global commercialization for the life sciences industry.
  • Negotiated a software license with large bank for a banking software systems company.
  • An Oregon-based manufacturer of photo voltaic inverters merger into a public company for up to $90 million.
  • Purchase of leading novelty consumer products company after significant debt restructure and other work-outs and equity infusion.
  • A private equity fund purchase of a manufacturer of specialty adhesive products for mid eight figures.
  • A private equity fund make several mezzanine loans and work-outs totaling $150 million.
  • A sale of a manufacturer of tire pressure gauges for mid-eight figures.
  • Telecommunications

  • Leading regional wireless telecommunications carrier receives private equity financing for a leveraged recapitalization over $250 million.
  • Private equity funds and management team in a roll-up of cellular licenses in the southeast in multiple acquisitions worth several hundred million dollars and then an ultimate sale to a public company for close to $900 million.
  • Sale of a wireless tower portfolio for over $150 million.
  • Sale of a CLEC in the Mid-Atlantic region for more than $120 million.
  • A PCS entrepreneur joint venture with a major cellular carrier to buy, build, and operate a cellular company across the country with initial debt and equity capital of close to $500 million.
  • A start-up CLEC in New York grow its business and receive a private equity infusion of more than $40 million with partial and full redemptions of certain stockholders. Ultimate sale to a strategic partner for over $120 million.
  • A communications tower owner attempt to sell and ultimately recapitalize its operations in 17 states.
  • A leading wireless carrier in the upper Midwest sale and leaseback of its large portfolio of towers.
  • A leading wireless and ILEC provider receiving a mid-eight-figure preferred equity infusion and tender for some stockholders.
  • A large tower operating purchase of numerous collocation agreements and master lease of nearly 1,000-tower portfolio throughout the United States.
  • Service on the board of directors of a large regional wireless and landline company in the upper Midwest.
  • Service on the board of directors of a leading hosting company for texting, VOLTE and VoWiFi providers.
  • Media and Entertainment

  • A radio station operator in Chicago buy several properties in the Midwest and receive private equity and debt financing for more than $50 million.
  • An outdoor advertising company sell its operations in California, Nevada, and Illinois for $30 million.
  • A leading SaaS-based music licensing and consulting company raising various rounds of financing and then undergoing various creditor-protection avenues.
  • A leading nationwide golf course owner purchase of several golf courses across the country and entering into various management agreements.
  • A private equity fund and management group purchase of minor-league professional baseball teams in Texas, Missouri and New Jersey.
  • Two theatrical producers (including a multiple Tony Award winner) created a closed-end fund for the production of several Broadway plays and events.
  • Technology and Venture Capital

  • A venture-backed manufacturer of PV inverters in Oregon sale to a public company for up to $90 million.
  • An inventor of more than 150 medical device patents structured and negotiated several complex licensing transactions with major medical device manufacturers.
  • Acting as expert witness in a venture capital case involving the standard of care of a lawyer representing an entity seeking private equity funds.
  • A Texas-based residential service software company received multiple rounds of private debt and equity financing, and then sale to a private company.
  • A leading university-based developer of haptic technology raised Series A capital from worldwide strategic investors as well as venture funds.
  • An East Coast-based SEO company raised angel and then Series A capital.
  • Represented several funds in multiple rounds of investments in a leading wellness software developer, as well as serve as general counsel.
  • A fund invested in an A round investment in a Southwest developer of marketing analysis software.
  • An early state medical tourism company developed its disruptive technology and received various rounds of financing, as well as serve as general counsel.
  • Represent a New York-based company through various states of financing as it grows its SEO and its reputation software business, as well as serve as general counsel.
  • An online visa procurement company received various rounds of financing, as well as serve as general counsel.
  • An investment group formation to invest in a sports watching and remote sports gambling company.
  • A $60 million sports technology venture capital fund initial closing. 
  • An investment closing into a holistic health and wellness provider.
  • A sports technology venture capital fund in its investment into a company offering coaching and correction to sports and fitness products.
  • Leading a round of seed funding for a sports technology and gaming company that combines player data, augmented reality and virtual reality to create a suite of gaming products.
  • Raising funds for a neurofitness company and entering into a joint venture with a renowned fitness brand.
  • Led a series A round of seed financing for a computational oncology company.
  • Food and Beverage

  • A fund formation for a venture capital fund targeting early stage investments in agricultural technology.
  • A private equity fund purchase of two seed manufacturing and distribution businesses in the upper Midwest for $30 million each, and the accelerated sale of one business for many multiples of old price.
  • A leading branded food company received a venture capital infusion, refinanced bank debt and incentivized management.
  • A leading national food products distribution company purchased separate businesses in New Jersey, Minnesota, Iowa, Georgia, Texas and California and established operations in Canada and Mexico.
  • A rural private equity investment fund made many growth capital investments in agricultural chemical products and seed distribution companies.
  • A Chicago-based consumer branded caramel apple manufacturer obtained Series B financing.
  • A private equity fund purchased for $40 million a Southeastern-based “soil to oil” supply chain manufacturing business with operations throughout the world.
  • A Chicago-based consumer branded gourmet pretzel manufacturer handled many equity, distribution and other strategic transactions.
  • A private equity fund investment into complex investment into an Iowa-based company (that also operates in California) that is the leading producer of cage free eggs in the United States. 
  • General Counsel and Board Membership

  • Fred acts as day-to-day de facto general counsel for more than 60 companies across the United States ranging in size from start-up to $900 million in revenues and in industries including manufacturing, distribution, food, service, telecom, software and technology. Fred also serves on the boards of directors of several corporations.
  • Fred serves on the boards of directors of a leading regional wireless communications provider, an early stage health and wellness software company, an investment bank and a Southeastern-based telecom service hosting company.

News

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Publications

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Books

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Testimonials

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  • "You are the smartest and wisest and all-around best, Fred!" Prominent investment banker
  • “I highly recommend Fred. Over the years Fred has guided us through numerous negotiations. He’s a good friend to us and has our utmost confidence.” Board Chair of a technology company
  • “We think the world of Fred. He's been instrumental to our success.” Managing Partner of a global real estate investment firm
  • “I cannot adequately express my appreciation for all of [Fred’s] support, guidance and friendship [he has] shown over the years…I am constantly amazed by [his] intellect, humor and plain common sense.” Founder and CEO of competitive local exchange carrier
  • “He does a great job. I cannot expect a better outcome.” Founder of leading private equity fund
  • “[Fred] amazes me with his creativity – I think his new nickname should be the innovator given these innovative solutions.” Founder of a private equity fund
  • “You have handled this transaction and all of the fun nuances as we hoped you would. You were the perfect choice for us.” Principal at a private equity real estate investment company
  • “We want to thank you for all your insight, counsel, tireless efforts and responsiveness over the past four years. It has been an adventure. You have been terrific to work with and we appreciate all that you have done.” Consulting and construction management firm
  • “Thank you, and your firm, for a job well done. You have worked very diligently and have done a fantastic job. It’s really something special to be able to rely on people of your caliber especially when a transaction is as important as this one. We’ve relied on your expertise, but more importantly we trusted your friendship. Working with you is fin – you’re amazing souls, with good-natured and witty personalities.” President and CEO of a tech company
  • “Fred is a brilliant lawyer and investor who has his own entrepreneurial streak, shown by creating business groups traveling to Israel and meeting with various entrepreneurs and investors there.” Managing Partner of an executive membership company
  • “Fred is a brilliant and practical lawyer, and I recommend him highly.” Managing Partner of a corporate development company
  • “Fred is a master at corporate law and simplifying complex deals. Even better, he’s a closer.” Investment banker at middle market Chicago firm 
  • “Fred is a brilliant lawyer. I use him on all my deals in the States.” Partner in law firm in Munich
  • “What a terrific lawyer. I love the guy…nothing romantic, just very refreshing to say about a lawyer.” Founder and CEO of international real estate syndicator
  • “You can always get a good lawyer. Fred is a businessman who happens to have a law degree.” Founder and CEO of telecommunications carrier
  • “In my mind, I view [Fred] as some crazy combination of Sean Connery, Oprah and the Energizer Bunny. I know this is weird but [Fred’s] blend of deep competence and extreme empathy and 24/7availability is unique.” CEO of alternative energy parts manufacturer
  • “Fred is not only a great friend but one of the most brilliant and innovative minds in law I have met, and one of the most humble I had the pleasure of collaborating with.” Inventor of orthopedic surgical devices
  • “Fred does a great job as always, with tireless efforts and great business insights.” Founder and partner in syndicator of various domestic and international investments
  • “I work intimately with two of Fred’s clients and they each say that, not only is Fred a great lawyer and counselor, but that he trusts Fred with his life! That’ pretty amazing.” Senior wealth counselor at major worldwide firm
  • “Wow, Fred's amazing. I am going to use him for everything I can use him for.” Founder and CEO of a national coaching company
  • “We were really impressed with your contributions on our deal.” Head Managing Director of an oil and gas private equity fund
  • “Fred has worked as outside counsel for three of my companies and is a great business lawyer. Practical, fast, thoughtful.” Founder and CEO of an e-commerce telemedicine company
  • “Fred is not only the best lawyer that I have ever met but also, and more important, a very good friend.”A leading corporate lawyer in Lisbon
  • “We would have never gotten to the finish line without you – thanks!” Head of merger and acquisitions for a leading national communications tower company 
  • “Your original advice to stay out of the litigation could not have been better.At the end of the day, there really wasn’t much there, and we save a tremendous amount of time and money staying on the sidelines. I could not be more thankful or appreciate anymore.” Founder & CEO, one of nation's top senior housing and healthcare capital providers
  • "Fred is also my lawyer – one of the brightest corporate experts you’ll ever meet. My experience with a lot of M&A and corporate lawyers is – great on the law, not much practical business savvy and certainly not strategic to the deal. Fred is the rare combination of smart, strategic – and kind. Just a mensch." Founder and CEO of a global interim executive placing company 
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Fred is called a “CEO’s lawyer” and “lawyer’s lawyer” by his business owner clients for his breakthroughs in efficiently and practically resolving business issues within a legal context.