(Reuters) - Lowenstein Sandler has brought on Skadden, Arps, Slate, Meagher & Flom partner Rossie Turman III to head its international finance practice, the New Jersey-based firm said Monday.

Turman, who was at Skadden for 21 years, started in Lowenstein's New York office on Thursday as a partner. In addition to chairing the international finance practice, he'll be part of its debt finance and tech groups, the firm said.

Turman said his move to Lowenstein would facilitate building out the "three-legged stool" of his practice, incorporating cross-border transactions, finance and technology. He has expertise in negotiating complex deals and financings, including equity capital raising, debt financing, mergers and acquisitions and joint ventures.

Turman's international practice spans North America, South America, Europe, Asia, Australia and over 20 African countries, Lowenstein said. His clients have included Aflac Inc, Pfizer Inc, BlackRock Inc, Credit Suisse Group AG and Wells Fargo Bank, according to his former firm bio.

He will work closely with Lowenstein's tech group in representing growth-stage companies, especially in emerging market economies, and with the firm's investment management group advising diverse fund managers, the firm said.

Turman said he expects a second wave of bankruptcies and restructurings to hit U.S. businesses with aging business models.

"There's a renewed pressure on old business models that were loath to change," Turman said "It's COVID-related, but not-COVID induced."

Marita Makinen, Lowenstein's M&A chairwoman and co-head of the firm's transactions and advisory group, said in a statement that Turman would help expand those practices' global reach.

"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," Makinen said.

Last week, Lowenstein announced that Matthew Platkin, who was chief counsel to New Jersey Gov. Phil Murphy, would be joining the firm's white-collar criminal defense and business litigation practices as a partner.