Frank T. Cannone
Awarded Practice Areas
Corporate Law Mergers and Acquisitions Law
Biography
Frank Cannone is the Chair of the Corporate Department and a member of the Executive Committee at Gibbons P.C. Mr. Cannone’s practice is focused on mergers and acquisitions, private equity, and corporate and securities law. He has extensive experience representing clients in connection with public and private capital raising, private equity, mergers and acquisitions (in middle market transactions), public-private-partnerships (P3)/government transactions, alternative energy finance, corporate healthcare, venture capital transactions, and cross border transactions.
Overview
- Seton Hall University, J.D., graduated 1991
- Boston College, BS, graduated 1985
- New Jersey, State of New Jersey
- New York, State of New York
- Association of Corporate Growth (ACG) and the ACG CEO Roundtable - Member
- New Jersey Italy Trade Council Executive Committee - New Jersey Italy Trade Council Executive Committee
- New Jersey State Bar Association- Renewable Energy, Cleantech, and Climate Change Special Committee - Member
- New York State Bar Association - Member
- Seton Hall University Stillman School Center for Entrepreneurial Studies Board of Advisors - Member
- New Jersey, State of New Jersey
- New York, State of New York
- Association of Corporate Growth (ACG) and the ACG CEO Roundtable - Member
- New Jersey Italy Trade Council Executive Committee - New Jersey Italy Trade Council Executive Committee
- New Jersey State Bar Association- Renewable Energy, Cleantech, and Climate Change Special Committee - Member
- New York State Bar Association - Member
- Seton Hall University Stillman School Center for Entrepreneurial Studies Board of Advisors - Member
- Seton Hall University, J.D., graduated 1991
- Boston College, BS, graduated 1985
Client Testimonials
Awards & Focus
Recognized in The Best Lawyers in America® 2026 for work in:
- Corporate Law
- Mergers and Acquisitions Law
Additional Areas of Practice:
- International Mergers and Acquisitions
- Project Finance Law
- Securities / Capital Markets Law
- Securitization and Structured Finance Law
Special Focus:
- Corporate Compliance
- Corporate Governance
- Cross-Border
- Family Businesses
- General Corporate
- Mergers & Acquisitions
- Partnership and Limited Liability
- Private Equity
- Private Funds
- Publicly-Held Companies
- Securities
- Transactions
- Venture Capital
Awards:
- Listed in Chambers USA Guide to America's Leading Lawyers for Business, Corporate/M&A
- Selected to the New Jersey Super Lawyers list, Securities & Corporate Finance
News & Media
Case History
Cases
- Governmental Transactions (part 2)
New Jersey Sports & Exposition Authority with:
- Xanadu/American Dream: Restructuring its ownership interests in the American Dream Meadowlands project (the Xanadu development and construction project, one of the world’s largest shopping, entertainment and tourism centers), valued at $4 billion upon completion.
- Meadowlands Racetrack: Transferring all horseracing management and operations at the Meadowlands Racetrack to Jeff Gural pursuant to a 50-year ground lease and the transfer of off track wagering facilities and account wagering operations.
- Monmouth Park Racetrack: Transferring all horseracing management and operations at the Monmouth Park Racetrack to the New Jersey Thoroughbred Horsemen's Association pursuant to a 35-year ground lease and the transfer of off track wagering facilities and account wagering operations.
- Mergers and Acquisitions
The Burns & Roe Group, Inc. ("BRG") and Burns and Roe Enterprises, Inc. ("BRE"), leaders in power generation, transmission and distribution engineering, in connection with the sale of 100% of the capital stock of BRE by BRG to POWER Engineers, Inc., also a leader in power and energy engineering as well as food, beverage, oil, gas and communications, with operations in 30 countries.The Medicines Company (NASDAQ), a global pharmaceutical company, with its acquisition of Tenaxis Medical, Inc. in a cash out merger valued at $170 million. UDG Healthcare (London Stock Exchange), an Irish headquartered global leader of diversified medical services, with its acquisition of KnowledgePoint360 valued at $144 million. Quest Diagnostics (NYSE), world’s leading provider of diagnostic information services, with its sale of its HemoCue diagnostic products business headquartered in Sweden to Radiometer Medical Aps for a purchase price of $300 million. Schaffner AG, a public Swiss electronic component manufacturer, with its acquisition of MTC Transformers, Inc., a Virginia based transformer manufacturer, and its acquisition of Transformer Holding LLC, a Michigan based transformer manufacturer.
Transactions
- Governmental Transactions
Rowan University with the divestiture of the University of Medicine and Dentistry of New Jersey to Rutgers University and Rowan University pursuant to the New Jersey Medical and Health Sciences Education Restructuring Act. Advised Rowan University in the acquisition of the UMDNJ School of Osteopathic Medicine and with the issuance of $56 million of Camden County Improvement Authority Lease Revenue Refunding Bonds. The divestiture is valued in excess of $1 billion.New Jersey State Lottery with its contracting with a private company to provide management and other services to the NJ State Lottery pursuant to a 15-year Services Agreement valued up to $1.5 billion with Northstar New Jersey, a consortium made up of GTECH, an Italian-owned company; Scientific Games International; and OMERS, the Ontario, Canada pension fund. The State of New Jersey Division of Investment with structuring its $28 billion Alternative Investment Program designed to permit investments into real estate, private equity, and hedge funds. Since structuring the program, represented DOI in connection with the commitments of over $12 billion in over 100 private equity and real estate fund investments.
- Private Equity
The State of New Jersey Division of Investment with structuring its $28 billion Alternative Investment Program designed to permit investments into real estate, private equity, and hedge funds. Since structuring the program, represented DOI in connection with the commitments of over $12 billion in over 100 private equity and real estate fund investments.AUA Private Equity Fund, LP with the formation of a $200 million lower middle market private equity fund targeting U.S. Hispanic-oriented and/or family owned businesses in the consumer, media, and business services sectors.
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