ProfessionalsBrad R. Okun
Brad R. Okun
Partner
Tel: +1-212-373-3727
Fax: +1-212-492-0727
emailbokun@paulweiss.com
1285 Avenue of the Americas
New York,
NY
10019-6064
Fax: +1-212-492-0727
- Practices
- Corporate
- Private Equity
- Tax
- Practices:
- Corporate
- Private Equity
- Tax
A partner and co-chair of the Tax Department, Brad Okun focuses his practice on the complex tax law aspects of mergers and acquisitions, restructurings and corporate finance. He also has experience advising limited liability companies and partnerships, as well as cross-border investing.
EXPERIENCE
Brad's representative clients include Apollo Global Management, Centre Partners Management, Palladium Equity Partners, Caesars Entertainment Corporation, Momentive Performance Materials Holding, ADT Corporation and Kohlberg & Company.
Brad has lectured frequently on many topics regarding corporate taxation.
Brad has been recognized by The Legal 500 for his work in domestic tax and international tax.
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Oak Hill Invests in Race Communications
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Oak Hill Invests in Race Communications
Paul, Weiss is advising Oak Hill Capital in its investment in Race Communications, a leading fiber-to-the-premises operator serving homes, small businesses and large enterprises across California.
Kohlberg to Acquire PCI Pharma
- Aug 24, 2020
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Kohlberg to Acquire PCI Pharma
Paul, Weiss is advising Kohlberg & Company, LLC in its acquisition of a majority stake in PCI Pharma Services, a leading pharmaceutical and biopharmaceutical global supply chain solutions provider, from Partners Group, a global…
Quicken Loans Parent Rocket Companies Completes $1.8 Billion IPO
- Aug 10, 2020
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Quicken Loans Parent Rocket Companies Completes $1.8 Billion IPO
Paul, Weiss advised Rocket Companies in its initial public offering for 100 million shares.
Rackspace Completes $700 Million Initial Public Offering
- Aug 07, 2020
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Rackspace Completes $700 Million Initial Public Offering
Paul, Weiss advised Rackspace Technology, Inc., a leading end-to-end multicloud technology services company, in its initial public offering, raising gross proceeds of approximately $700 million.
SeaWorld Completes $500 Million Second-Priority Senior Secured Notes Offering
- Aug 05, 2020
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SeaWorld Completes $500 Million Second-Priority Senior Secured Notes Offering
Paul, Weiss advised SeaWorld Parks & Entertainment, Inc. in its private offering of $500 million aggregate principal amount of second-priority senior secured notes due 2025.
IRS Issues Proposed Regulations Providing Guidance on Taxation of Carried Interest from Investment Partnerships under Section 1061
- Aug 04, 2020
- Publications
IRS Issues Proposed Regulations Providing Guidance on Taxation of Carried Interest from Investment Partnerships under Section 1061
The IRS and the Treasury Department recently released proposed regulations on the scope and applicability of Section 1061 of the Internal Revenue Code.
ADT and Google Partner to Create Leading Smart Home Security Offering
- Aug 03, 2020
- Client News
ADT and Google Partner to Create Leading Smart Home Security Offering
Paul, Weiss advised ADT Inc. in a $450 million investment from Google in connection with the companies’ establishment of a long-term commercial partnership to create the next generation of smart home security offerings.
Oak Hill Capital to Acquire Otelco
- Jul 27, 2020
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Oak Hill Capital to Acquire Otelco
Paul, Weiss is advising Oak Hill Capital Partners in its acquisition of Otelco Inc., a wireline telecommunications services provider in various states across the United States.
CARES Act Update: Internal Revenue Service Disallows Deduction of Certain Expenses Funded with PPP Loan Proceeds
- May 07, 2020
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CARES Act Update: Internal Revenue Service Disallows Deduction of Certain Expenses Funded with PPP Loan Proceeds
The IRS recently issued a notice specifying that taxpayers that receive a loan under the CARES Act’s Paycheck Protection Program may not deduct business expenses funded with PPP loan proceeds to the extent the PPP loan is forgiven.
Paul, Weiss Advises SeaWorld in Senior Secured Notes Offering
- Apr 28, 2020
- Client News
Paul, Weiss Advises SeaWorld in Senior Secured Notes Offering
Paul, Weiss is advising SeaWorld Parks & Entertainment, Inc. in its offering of $227.5 million in aggregate principal amount of its 8.750% first-lien senior secured notes due 2025.
Internal Revenue Code Section 83(b) Deadline Extended to July 15, 2020 as a Result of COVID-19
- Apr 20, 2020
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Internal Revenue Code Section 83(b) Deadline Extended to July 15, 2020 as a Result of COVID-19
As a result of the COVID-19 pandemic, the 30-day period for making an Internal Revenue Code Section 83(b) election with respect to grants of restricted property has been extended to July 15, 2020.
CARES Act: Federal Income Tax Relief for Individuals and Businesses in Response to the Coronavirus Pandemic
- Mar 27, 2020
- Publications
CARES Act: Federal Income Tax Relief for Individuals and Businesses in Response to the Coronavirus Pandemic
The CARES Act makes a number of significant changes to the federal income taxation of both individual taxpayers and businesses that are generally intended to provide near-term liquidity and economic relief.
Palladium Portfolio Company Kymera International Completes Acquisition
- Mar 20, 2020
- Client News
Palladium Portfolio Company Kymera International Completes Acquisition
Paul, Weiss advised Kymera International, a portfolio company of Palladium Equity Partners, LLC, in its acquisition of AMETEK, Inc.’s Reading Alloys business.
Palladium Acquires ALC Schools and Red Rock Technology
- Mar 02, 2020
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Palladium Acquires ALC Schools and Red Rock Technology
Paul, Weiss advised Palladium Equity Partners L.L.C. in its acquisition of ALC Schools, LLC and Red Rock Technology, LLC, a mission-driven provider of alternative transportation solutions to school districts in the United States.
Bumble Bee Foods Completes Going-Concern Sale for $928 Million
- Jan 31, 2020
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Bumble Bee Foods Completes Going-Concern Sale for $928 Million
Paul, Weiss advised Bumble Bee Foods, LLC and its affiliates in the successful going-concern sale of its businesses to its primary tuna supplier, FCF Co. Ltd. and its affiliates (FCF).
Endemol Shine to Be Acquired by Banijay Group
- Oct 26, 2019
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Endemol Shine to Be Acquired by Banijay Group
Paul, Weiss is representing Endemol Shine Group and funds managed by affiliates of Apollo Global Management, Inc. in the acquisition of Endemol Shine, which is co-owned by The Walt Disney Company and the Apollo funds, by France-based…
IRS Revenue Procedure and Proposed Regulations Provide Modest Relief on Controlled Foreign Corporation Issues
- Oct 17, 2019
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IRS Revenue Procedure and Proposed Regulations Provide Modest Relief on Controlled Foreign Corporation Issues
The IRS and the Department of the Treasury recently issued Revenue Procedure 2019-40 and proposed regulations that modestly narrow the implications of the 2017 repeal of Section 958(b)(4) of the U.S. Internal Revenue Code.
IRS Proposes to Eliminate Taxpayer Favorable Safe Harbor for Corporations after Ownership Change
- Sep 12, 2019
- Publications
IRS Proposes to Eliminate Taxpayer Favorable Safe Harbor for Corporations after Ownership Change
On Monday, September 9, 2019, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) released proposed regulations (the “Proposed Regulations”) under Section 382 of the U.S. Internal Revenue Code of 1986, …
Hexion Emerges From Chapter 11
- Jul 11, 2019
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Hexion Emerges From Chapter 11
Paul, Weiss represented Hexion Holdings LLC, the world’s leading producer of thermosetting resins, and a leading producer of adhesive and structural resins and coatings, as special financing and securities counsel in the company’s…
Cox Media Group to Sell Radio Portfolio, CoxReps and Gamut Businesses
- Jun 26, 2019
- Client News
Cox Media Group to Sell Radio Portfolio, CoxReps and Gamut Businesses
Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, LLC in their acquisition of the Cox Media Group’s radio station portfolio, as well as the CoxReps and Gamut national advertising businesses of Cox…
Final and Proposed Regulations on Certain Income Inclusions Under the CFC Rules Related to Domestic Partnerships
- Jun 20, 2019
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Final and Proposed Regulations on Certain Income Inclusions Under the CFC Rules Related to Domestic Partnerships
The IRS and Treasury recently released proposed and final regulations that, among other things, change the way income inclusions work under the Subpart F and GILRI rules with respect to foreign corporations that are CFCs owned by…
Watches of Switzerland Completes IPO on London Stock Exchange
- Jun 18, 2019
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Watches of Switzerland Completes IPO on London Stock Exchange
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Apollo to Acquire Shutterfly and Snapfish
- Jun 11, 2019
- Client News
Apollo to Acquire Shutterfly and Snapfish
Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, LLC in their acquisition of internet photo products pioneers Shutterfly, Inc. and Snapfish, LLC.
Final Regulations on Section 956 and “Deemed Dividends” from Controlled Foreign Corporations
- May 29, 2019
- Publications
Final Regulations on Section 956 and “Deemed Dividends” from Controlled Foreign Corporations
On May 22, 2019, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) released final regulations (the “Final Regulations”) under Section 956 of the U.S. Internal Revenue Code of 1986, as amended…
JPW Industries Acquires Baileigh Industrial Holdings, LLC
- May 13, 2019
- Client News
JPW Industries Acquires Baileigh Industrial Holdings, LLC
Paul, Weiss represented JPW Industries, Inc., an affiliate of funds managed by Gamut Capital Management, L.P., in its acquisition of Baileigh Industrial Holdings, LLC.
Sabre to Be Acquired by TJC
- Mar 18, 2019
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Sabre to Be Acquired by TJC
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PlayAGS to Acquire Integrity Gaming
- Dec 17, 2018
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PlayAGS to Acquire Integrity Gaming
Paul, Weiss is representing PlayAGS, Inc. in its acquisition of Integrity Gaming Corp, a publicly listed Canadian corporation.
New Proposed Regulations on Section 956 and “Deemed Dividends” from Controlled Foreign Corporations
- Nov 01, 2018
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New Proposed Regulations on Section 956 and “Deemed Dividends” from Controlled Foreign Corporations
On October 31, 2018, the Internal Revenue Service (“IRS”) and the Department of the Treasury (“Treasury”) released proposed regulations (the “Proposed Regulations”) under Section 956 of the U.S. Internal Revenue Code of 1986, as…
New IRS and Treasury Guidance on Qualified Opportunity Zone Program
- Oct 23, 2018
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New IRS and Treasury Guidance on Qualified Opportunity Zone Program
As part of the U.S. federal tax legislation enacted into law last year, Congress added provisions that provide tax benefits to encourage investments in designated low-income communities known as qualified opportunity zones (“QOZs”).
Palladium Acquires Kymera International From Platinum Equity
- Oct 11, 2018
- Client News
Palladium Acquires Kymera International From Platinum Equity
Paul, Weiss represented Palladium Equity Partners, LLC in its acquisition of Kymera International from Platinum Equity.
Treasury Department Releases Regulations Concerning Section 199A
- Aug 24, 2018
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Treasury Department Releases Regulations Concerning Section 199A
Recently-enacted Section 199A allows individuals, trusts and estates to deduct up to 20% of “qualified business income” from certain businesses operated in pass-through form (the “Section 199A Deduction”), and is intended to provide…
Kohlberg Acquires Senneca Holdings
- May 14, 2018
- Client News
Kohlberg Acquires Senneca Holdings
Paul, Weiss represented Kohlberg & Company, L.L.C. in its acquisition of Cincinnati-based Senneca Holdings, Inc. from Audax Private Equity.
Aurum Group, an Apollo Portfolio Company Based in the UK, Completes Refinancing, Issues First High-Yield Bond
- Apr 18, 2018
- Client News
Aurum Group, an Apollo Portfolio Company Based in the UK, Completes Refinancing, Issues First High-Yield Bond
Aurum Group, an Apollo-owned retailer of luxury watches and jewelry, raised £265 million from a first-ever issuance of senior secured notes due 2023, with a portion of the proceeds used to refinance its existing term loan.
Jollibee Foods Acquires Majority Stake in Smashburger
- Apr 17, 2018
- Client News
Jollibee Foods Acquires Majority Stake in Smashburger
Paul, Weiss is representing Smashburger Master LLC in Jollibee Foods Corporation’s acquisition of an additional 45 percent stake in Smashburger, bringing Jollibee’s ownership stake in Smashburger to 85 percent.
Gamut Capital Invests in IAC Group
- Apr 06, 2018
- Client News
Gamut Capital Invests in IAC Group
Paul, Weiss is representing Gamut Capital LP in its strategic investment in International Automotive Components Group S.A. (IAC).
Palladium to Sell Prince to American Securities
- Mar 29, 2018
- Client News
Palladium to Sell Prince to American Securities
Paul, Weiss is representing Prince International Corporation, a portfolio company of funds affiliated with Palladium Equity Partners, LLC, in its sale to affiliates of American Securities LLC.
AM Conservation Group Acquires PlanetEcosystems
- Mar 12, 2018
- Client News
AM Conservation Group Acquires PlanetEcosystems
Paul, Weiss represented AM Conservation Group, Inc., a portfolio company of Kohlberg & Company, L.L.C., in its acquisition of PlanetEcosystems, Inc., a developer of software-based technology solutions for utilities.
Searchlight Invests in Global Eagle Entertainment
- Mar 08, 2018
- Client News
Searchlight Invests in Global Eagle Entertainment
Paul, Weiss advised Searchlight Capital Partners in connection with its $150 million investment in Global Eagle Entertainment (NASDAQ: ENT), a leading provider of media, content, connectivity and data analytics.
Spectrum Plastics Sold by Kohlberg & Company
- Jan 31, 2018
- Client News
Spectrum Plastics Sold by Kohlberg & Company
Paul, Weiss represented Spectrum Plastics Group, a portfolio company of Kohlberg & Company, L.L.C., in its sale to affiliates of AEA Investors.
CircusTrix Acquires Sky Zone
- Feb 01, 2018
- Client News
CircusTrix Acquires Sky Zone
Paul, Weiss represented CircusTrix Holdings, LLC, a leading developer, operator and franchisor of indoor active recreation parks, in its acquisition of Sky Zone, LLC and Sky Zone Franchise Group, LLC, a leading franchisor in the…
Interstate Hotels Acquires Portfolio of Hotel Management Agreements
- Jan 24, 2018
- Client News
Interstate Hotels Acquires Portfolio of Hotel Management Agreements
Paul, Weiss represented Interstate Hotels & Resorts, Inc. in its acquisition of a portfolio of 83 hotel management agreements from White Lodging Services Corporation.
Searchlight to Sell Marketing Company 160over90 to Endeavor Global Marketing
- Jan 09, 2018
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Searchlight to Sell Marketing Company 160over90 to Endeavor Global Marketing
As reported in The Wall Street Journal, Adweek and the Los Angeles Times, Paul, Weiss is advising Searchlight Capital Partners, L.P. in the sale of its portfolio company 160over90 to Endeavor Global Marketing.
Update on the Enactment of the Tax Cuts and Jobs Act
- Jan 03, 2018
- Publications
Update on the Enactment of the Tax Cuts and Jobs Act
On December 22, President Trump signed Public Law No. 115-97, formerly known as the “Tax Cuts and Jobs Act” (the “Act”), into law. In this memorandum, we summarize key provisions of the Act, including those concerning individuals,…
Filament Brands to Be Acquired by Lifetime Brands
- Dec 21, 2017
- Client News
Filament Brands to Be Acquired by Lifetime Brands
Paul, Weiss is representing Filament Brands in its sale to Lifetime Brands, Inc.
Nellson Nutraceutical Acquires Genysis Brand Solutions
- Dec 04, 2017
- Client News
Nellson Nutraceutical Acquires Genysis Brand Solutions
Paul, Weiss represented Nellson Nutraceutical, LLC in its acquisition of Genysis Brand Solutions Inc.
Q'Max Acquires Anchor Drilling Fluids
- Dec 21, 2017
- Client News
Q'Max Acquires Anchor Drilling Fluids
Paul, Weiss represented oilfield services provider Q’Max Solutions Inc. in its acquisition of Anchor Drilling Fluids USA, LLC from Calumet Specialty Products Partners, L.P.
Update on the Tax Cuts and Jobs Act
- Nov 14, 2017
- Publications
Update on the Tax Cuts and Jobs Act
The Senate Finance Committee released its draft of the Tax Cuts and Jobs Act on November 9. The Senate’s initial tax reform proposal differs substantially from the House version. We compare the two proposals, and also describe…
Introduction to the Tax Cuts and Jobs Act
- Nov 07, 2017
- Publications
Introduction to the Tax Cuts and Jobs Act
On November 2, 2017, House Ways and Means Committee Chairman Kevin Brady (R-TX) released a comprehensive tax reform bill titled the “Tax Cuts and Jobs Act,” on November 3, 2017 Chairman Brady proposed an Amendment in the Nature of a…
Aurum Group USA Acquires Mayor’s Jewelers From Birks Group
- Nov 23, 2017
- Client News
Aurum Group USA Acquires Mayor’s Jewelers From Birks Group
Paul, Weiss represented Aurum Group USA, Inc., a subsidiary of Aurum Holdings Ltd., in its $108 million acquisition of Mayor’s Jewelers, Inc. from Birks Group Inc.
Treasury Reveals Plans Regarding Certain 2016 Tax Rules, Including Disguised Sale and Debt/Equity Regulations
- Oct 10, 2017
- Publications
Treasury Reveals Plans Regarding Certain 2016 Tax Rules, Including Disguised Sale and Debt/Equity Regulations
The United States Department of the Treasury submitted its highly anticipated final report to President Trump announcing its plans to pare back eight tax regulations that it had previously identified in June of 2017 under Executive…
Rackspace Acquires Datapipe
- Sep 11, 2017
- Client News
Rackspace Acquires Datapipe
Paul, Weiss is representing Rackspace Hosting, Inc., a portfolio company of funds managed by Apollo Global Management, LLC affiliates, in its acquisition of Datapipe Parent, Inc. Both Rackspace and Datapipe are leading cloud server…
Kohlberg to Acquire SpecialtyCare from American Securities
- Sep 05, 2017
- Client News
Kohlberg to Acquire SpecialtyCare from American Securities
Paul, Weiss is representing Kohlberg & Company, L.L.C. in its partnership with the management team of SpecialtyCare, a leading provider of outsourced medical services, to acquire the company from American Securities.
Gamut Capital Management to Acquire JPW Industries
- Jul 19, 2017
- Client News
Gamut Capital Management to Acquire JPW Industries
Paul, Weiss is representing New York-based middle market private equity firm Gamut Capital Management, L.P. in its acquisition of JPW Industries, Inc. and its global affiliates from Tenex Capital Management.
Apollo to Acquire ClubCorp for $2.2 Billion
- Jul 09, 2017
- Client News
Apollo to Acquire ClubCorp for $2.2 Billion
As reported by The Wall Street Journal, Bloomberg and other media outlets, ClubCorp, one of the largest owners and operators of private golf and country clubs in the U.S., announced that it had agreed to be acquired by funds managed…
Apollo Completes Lumileds Acquisition
- Jun 30, 2017
- Client News
Apollo Completes Lumileds Acquisition
Paul, Weiss advised Apollo Global Management, LLC in its acquisition of an 80.1 percent interest in Lumileds, a leading supplier of LED components and automotive lighting, from Royal Philips.
Coinstar Closes Innovative $900 Million Whole Business Securitization
- May 12, 2017
- Client News
Coinstar Closes Innovative $900 Million Whole Business Securitization
Paul, Weiss represented Apollo portfolio company Coinstar, LLC in connection with a first-of-its-kind $900 million whole business securitization of its coin exchange business.
Rackspace Acquires TriCore Solutions
- May 25, 2017
- Client News
Rackspace Acquires TriCore Solutions
Paul, Weiss is representing Rackspace US, Inc., a portfolio company of funds managed by Apollo Global Management LLC affiliates, in its acquisition of TriCore Solutions, LLC.
PPC Industries Completes Merger With Pexco
- May 08, 2017
- Client News
PPC Industries Completes Merger With Pexco
Paul, Weiss represented specialty plastics and materials manufacturer, PPC Industries, Inc., a portfolio company of Kohlberg & Company, L.L.C., in its completed acquisition of medical plastics maker, Pexco LLC, from Odyssey…
Mood Media Announces Acquisition of All Outstanding Common Shares and Comprehensive Solution for Debt Obligations
- Apr 13, 2017
- Client News
Mood Media Announces Acquisition of All Outstanding Common Shares and Comprehensive Solution for Debt Obligations
Paul, Weiss is representing certain noteholders of Mood Media Corporation, including funds managed by affiliates of Apollo Global Management, LLC and funds advised or sub-advised by GSO Capital Partners LP or its affiliates, in…
CircusTrix Acquires Rockin’ Jump
- Apr 03, 2017
- Client News
CircusTrix Acquires Rockin’ Jump
Paul, Weiss represented CircusTrix Holdings, LLC, the world’s largest developer and operator of indoor extreme recreation parks, in its acquisition of Rockin’ Jump Holdings, LLC, a leading franchise operation in the indoor family…
TouchTunes and PlayNetwork to Merge
- Apr 03, 2017
- Client News
TouchTunes and PlayNetwork to Merge
Paul, Weiss is representing Searchlight Capital Partners and its portfolio company TouchTunes Interactive Networks, in TouchTunes’ agreement to merge with PlayNetwork.
Alita Care Acquires Bournewood Health Systems
- Mar 22, 2017
- Client News
Alita Care Acquires Bournewood Health Systems
Paul, Weiss represented Alita Care, LLC (Alita), a leading national provider of behavioral health services owned by Kohlberg & Company, L.L.C., in its acquisition of Bournewood Health Systems, a leading New England-based provider…
Apollo Completes Offering of $275 Million in Preferred Shares
- Mar 07, 2017
- Client News
Apollo Completes Offering of $275 Million in Preferred Shares
Paul, Weiss represented Apollo Global Management, LLC in a public offering of its new series of 6.375% Series A Preferred Shares with a liquidation preference of $25.00 per share.
PPC Industries to Merge With Pexco
- Feb 27, 2017
- Client News
PPC Industries to Merge With Pexco
Paul, Weiss is representing PPC Industries, Inc., a portfolio company of Kohlberg & Company L.L.C., in Kohlberg’s acquisition of Pexco LLC from Odyssey Investment Partners, LLC.
EP Energy Closes Senior Secured Notes Offering
- Feb 06, 2017
- Client News
EP Energy Closes Senior Secured Notes Offering
Paul, Weiss advised EP Energy Corporation in a private offering by its wholly owned subsidiaries, EP Energy LLC and Everest Acquisition Finance Inc., of $1 billion in aggregate principal amount of 8.00% senior secured notes due…
Hexion Closes First Lien and Senior Secured Notes Offerings
- Feb 08, 2017
- Client News
Hexion Closes First Lien and Senior Secured Notes Offerings
Paul, Weiss advised Hexion Inc., a global leader in thermoset resins and an Apollo portfolio company, in private offerings of $485 million aggregate principal amount of 10.375% first-priority senior secured notes due 2022 and…
Palladium Invests in CircusTrix
- Jan 10, 2017
- Client News
Palladium Invests in CircusTrix
Paul, Weiss represented Palladium Equity Partners, LLC in a significant investment by a Palladium affiliate in CircusTrix Holdings, LLC.
Prince Completes Acquisition of Erachem Manganese Chemicals Business
- Jan 03, 2017
- Client News
Prince Completes Acquisition of Erachem Manganese Chemicals Business
Paul, Weiss represented PMHC II, Inc., the parent company of Prince International Corporation and a portfolio company of funds affiliated with Palladium Equity Partners, LLC, in the completion on December 30, 2016 of its…
Vistra Closes Incremental Loan Transaction
- Dec 14, 2016
- Client News
Vistra Closes Incremental Loan Transaction
Paul, Weiss client Vistra Operations Company LLC, a subsidiary of Vistra Energy Corp, a Texas-based energy company, announced that it had incurred an additional $1 billion of term loans and increased the commitments under its…
Vectra Announces Agreement to Sell Borchers Business Division to Affiliates of The Jordan Company
- Dec 14, 2016
- Client News
Vectra Announces Agreement to Sell Borchers Business Division to Affiliates of The Jordan Company
Paul, Weiss represents Vectra Co., a leading technology-driven diversified company, and portfolio company of investment funds affiliated with Apollo Global Management, LLC, in its agreement to sell its Borchers business division to…
Apollo Funds to Acquire Controlling Stake in Philips’ Lumileds Business
- Dec 12, 2016
- Client News
Apollo Funds to Acquire Controlling Stake in Philips’ Lumileds Business
Paul, Weiss advised funds affiliated with Apollo Global Management, LLC in the acquisition of an 80.1 percent interest in Royal Philips' Lumileds business.
Bellisio Foods to Be Sold to CP Foods for $1.075 Billion
- Nov 18, 2016
- Client News
Bellisio Foods to Be Sold to CP Foods for $1.075 Billion
Paul, Weiss represented Bellisio Foods Inc., a portfolio company of Centre Partners Management LLC, in its agreement to be acquired by Charoen Pokphand Foods Public Company Limited (CP Foods) for $1.075 billion.
AM Conservation Merges With Franklin Energy
- Nov 01, 2016
- Client News
AM Conservation Merges With Franklin Energy
Paul, Weiss client AM Conservation Group, a portfolio company of Kohlberg & Company, LLC, announced that it has completed a merger with Franklin Energy.
Client Alert: Treasury Issues Final Debt/Equity Regulations, Tempers Controversial Approach Taken in Proposed Regulations
- Oct 28, 2016
- Publications
Client Alert: Treasury Issues Final Debt/Equity Regulations, Tempers Controversial Approach Taken in Proposed Regulations
On October 13, 2016, the U.S. Department of Treasury released the highly-anticipated final and temporary regulations under Section 385 of the Internal Revenue Code.
Client Alert: New Regulations Eliminate Leveraged Partnership Transactions, Modify Proposed Rules for Allocation of Partnership Liabilities
- Oct 19, 2016
- Publications
Client Alert: New Regulations Eliminate Leveraged Partnership Transactions, Modify Proposed Rules for Allocation of Partnership Liabilities
On October 5, 2016, the U.S. Department of Treasury and the Internal Revenue Service (together referred to as the "Service") finalized previously proposed regulations regarding the allocation of partnership liabilities and…
Apollo Funds Acquire Rackspace for $4.3 Billion
- Aug 26, 2016
- Client News
Apollo Funds Acquire Rackspace for $4.3 Billion
Paul, Weiss represented funds affiliated with Apollo Global Management in the recently completed acquisition of Rackspace, a leading cloud management company.
Outerwall to Be Acquired by Funds Affiliated With Apollo
- Jul 27, 2016
- Client News
Outerwall to Be Acquired by Funds Affiliated With Apollo
As reported by The New York Times, The Wall Street Journal and other media outlets, Outerwall Inc, a leading provider of kiosk services such as Redbox entertainment, Coinstar money services and ecoATM electronic…
Client Alert: Treasury Proposes Changes to Tax-Free “Spin-Off” Rules
- Jul 21, 2016
- Publications
Client Alert: Treasury Proposes Changes to Tax-Free “Spin-Off” Rules
On July 14, 2016, the U.S. Department of Treasury issued proposed regulations and on July 15, 2016 the IRS issued Revenue Procedure 2016-40, both regarding the requirements for a tax-free spin-off pursuant to Section 355 of the…
Diamond Resorts to Be Acquired by Funds Affiliated With Apollo
- Jun 29, 2016
- Client News
Diamond Resorts to Be Acquired by Funds Affiliated With Apollo
As reported by The Wall Street Journal, Bloomberg and other media outlets, Diamond Resorts International, Inc. announced on June 29 that it has agreed to be acquired by affiliates of funds managed by Paul, Weiss…
Kohlberg Acquires Meadows Behavioral Healthcare
- May 20, 2016
- Client News
Kohlberg Acquires Meadows Behavioral Healthcare
Paul, Weiss client Kohlberg & Co. announced the acquisition of Meadows Behavioral Healthcare and the formation of Alita Care, LLC, which will serve as the parent holding company for The Meadows and Kohlberg's existing…
Kohlberg Acquires Interstate Hotels & Resorts
- May 04, 2016
- Client News
Kohlberg Acquires Interstate Hotels & Resorts
Paul, Weiss client Kohlberg & Company LLC announced that it has acquired Interstate Hotels & Resorts, the global leader in third-party hotel management, from Thayer Lodging and Jin Jiang International Hotels.
Client Alert: Treasury Issues Inversion Regulations, Proposes Sweeping Changes to Debt/Equity Classification
- Apr 11, 2016
- Publications
Client Alert: Treasury Issues Inversion Regulations, Proposes Sweeping Changes to Debt/Equity Classification
On April 4, 2016, as the most recent step in its ongoing battle against inversion transactions, the U.S. Department of Treasury issued both new temporary and proposed regulations addressing certain inversion and post-inversion…
Client Alert: Fiscal Year 2017 Budget Update
- Feb 10, 2016
- Publications
Client Alert: Fiscal Year 2017 Budget Update
On Tuesday, February 9, 2016, the White House released President Obama's Budget for Fiscal Year 2017.
Swift Worldwide Resources Merges with Air Energi
- Jan 27, 2016
- Client News
Swift Worldwide Resources Merges with Air Energi
Paul, Weiss client Swift Worldwide Resources, a supplier of skilled manpower resources to the global oil and gas industry, completed its merger with Air Energi Group Ltd. to form Airswift Holdings Ltd., a $1.2 billion turnover…
Update: PATH Act Enacts Notable Changes to REIT and FIRPTA Provisions
- Jan 05, 2016
- Publications
Update: PATH Act Enacts Notable Changes to REIT and FIRPTA Provisions
On Friday, December 18, 2015, President Barack Obama signed the "Protecting Americans from Tax Hikes Act of 2015" ("PATH Act").
Client Alert: Extenders Bill Would Curtail OpCo-PropCo Spin-Off Transactions
- Dec 10, 2015
- Publications
Client Alert: Extenders Bill Would Curtail OpCo-PropCo Spin-Off Transactions
On Monday, December 8, 2015, House Ways and Means Committee Chairman Rep. Kevin Brady (R-Texas) introduced the "Tax Increase Prevention and Real Estate Investment Act of 2015" (the "Extenders Bill"). This bill, if enacted in its…
Client Alert: New Guidance Takes Another Run at Inversions
- Nov 23, 2015
- Publications
Client Alert: New Guidance Takes Another Run at Inversions
In light of a resurgence of potential inversion activity, including stories about a possible Pfizer/Allergan merger, the Treasury Department and the Internal Revenue Service issued additional guidance that is generally intended…
Norwegian Cruise Line Closes $600 Million Senior Notes Offering
- Nov 10, 2015
- Client News
Norwegian Cruise Line Closes $600 Million Senior Notes Offering
Paul, Weiss client NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings, Ltd., closed an offering of $600 million aggregate principal amount of 4.625% senior notes due 2020.
Client Alert: Changes to Partnership Audit Procedures May Increase Audit Activity
- Nov 03, 2015
- Publications
Client Alert: Changes to Partnership Audit Procedures May Increase Audit Activity
On Monday, November 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 ("BBA"). The BBA significantly alters the rules governing partnership audits, most notably by imposing liability for audit…
Apollo Affiliated Funds Acquire OM Group
- Oct 28, 2015
- Client News
Apollo Affiliated Funds Acquire OM Group
OM Group, Inc., a technology-driven diversified industrial company serving global markets, including automotive systems, aerospace and defense, announced the completion of its acquisition by funds managed by affiliates of Paul, Weiss…
Smashburger to Sell Minority Stake to Jollibee Foods
- Oct 13, 2015
- Client News
Smashburger to Sell Minority Stake to Jollibee Foods
As reported by The Wall Street Journal and other media outlets, Paul, Weiss client Smashburger Master LLC, a Denver-based leading "fast casual" restaurant brand with 335 corporate and franchised restaurants operating in 35 states …
AM Conservation Group Invests in Service Concepts
- Sep 15, 2015
- Client News
AM Conservation Group Invests in Service Concepts
Paul, Weiss client AM Conservation Group, Inc. announced an investment in Service Concepts, a provider of efficiency products, fulfillment and product sourcing services to electric cooperatives.
Matthews International Closes Acquisition of Aurora Casket
- Aug 20, 2015
- Client News
Matthews International Closes Acquisition of Aurora Casket
On August 20, Matthews International Corporation completed its acquisition of Aurora Casket Company from Paul, Weiss client Kohlberg & Company.
Client Alert: Management Fee Waiver Update - Treasury Issues Proposed Regulations Addressing Disguised Payments from Partnerships for Services
- Jul 24, 2015
- Publications
Client Alert: Management Fee Waiver Update - Treasury Issues Proposed Regulations Addressing Disguised Payments from Partnerships for Services
On Wednesday, July 22, 2015, the Treasury Department and the Internal Revenue Service (the "IRS") released proposed regulations on disguised payments from partnerships (including investment funds) for services (the "Proposed…
Apollo Affiliated Funds Acquire Protection 1 and ASG Security
- Jul 01, 2015
- Client News
Apollo Affiliated Funds Acquire Protection 1 and ASG Security
Funds managed by affiliates of Paul, Weiss client Apollo Global Management, LLC announced the concurrent closing of their acquisitions of Maryland-based ASG Security and Protection 1, a leading full-service business and home…
Kohlberg Acquires Majority Stake in Sunspire Health
- Jun 08, 2015
- Client News
Kohlberg Acquires Majority Stake in Sunspire Health
Paul, Weiss client Kohlberg & Company L.L.C., a leading private equity firm specializing in middle-market investing, announced it has acquired majority ownership of Sunspire Health, an industry leader in the field of…
Aurora Casket Company to Be Acquired by Matthews International
- Jun 09, 2015
- Client News
Aurora Casket Company to Be Acquired by Matthews International
Aurora Casket Company, a portfolio company of Paul, Weiss client Kohlberg & Company, L.L.C., announced that it has signed a definitive agreement to be acquired by Matthews International Corporation.
Apollo Affiliated Funds to Acquire Certain OM Group Segments
- May 31, 2015
- Client News
Apollo Affiliated Funds to Acquire Certain OM Group Segments
Funds managed by affiliates of Paul, Weiss client Apollo Global Management, LLC announced the signing of a definitive agreement to acquire the Advanced Organics, Magnetic Technologies and Battery Technologies segments of OM…
Apollo Affiliated Funds to Acquire Protection 1 and ASG Security
- May 18, 2015
- Client News
Apollo Affiliated Funds to Acquire Protection 1 and ASG Security
Funds managed by affiliates of Paul, Weiss client Apollo Global Management, LLC announced the concurrent signing of definitive agreements to acquire Maryland-based ASG Security and Protection 1, a leading full-service business…