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ProfessionalsBrian S. Grieve

Brian S. Grieve
Partner

Tel: +1-212-373-3768
Fax: +1-212-492-0768
bgrieve@paulweiss.com

+1-212-373-3768
New York

1285 Avenue of the Americas
New York, NY 10019-6064
Fax: +1-212-492-0768

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Education 
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Education 
Bar Admissions 

A partner in the Tax Department, Brian Grieve advises clients on a variety of tax matters, including in connection with public and private company mergers and acquisitions, strategic investments and joint ventures (including investment management “seed” and “stake” deals), bankruptcies and other debt restructurings. Brian also has broad experience advising alternative asset managers on tax matters related to the formation and operation of both U.S. and non-U.S. investment funds, including private equity funds, credit funds, hybrid capital/special situations funds, real estate funds, and infrastructure funds, and the structuring of all types of investments by those funds. Additionally, Brian has extensive knowledge of tax matters related to financing and capital markets transactions, including SPAC offerings and de-SPAC transactions, structured finance transactions and securitizations as well a range of tax matters with respect to derivative transactions. He is also recommended by The Legal 500 in Structured Finance: Derivatives and International Tax.

EXPERIENCE

Brian’s recent M&A experience includes advising:

  • Apollo Global Management, Inc. and affiliated funds in numerous high-profile transactions, including:
    • in Apollo’s $11 billion merger with Athene
    • the $1.792 billion of debt financing to support the merger of New Media Investment Group, Inc., owner of the newspaper chain GateHouse Media, and Gannett Co., Inc.
    • on behalf of certain funds and accounts it manages in a $6.5 billion joint bid alongside Knighthead Capital Management and Certares Opportunities, as sponsor to Hertz Global Holdings, Inc.’s chapter 11 plan of reorganization and to fund the company’s exit from bankruptcy
    • in the initial closing of an $816 million convertible equity portfolio financing agreement with NextEra Energy Partners, one of the largest global renewable energy producers
    • in their acquisition of Global IID Holdco, LLC, a Texas-based provider of alcohol monitoring solutions, and its subsidiaries, including 1A Smart Start, LLC
    • in their acquisition of a majority-stake in AS Graanul Invest, an Estonia-based producer of sustainable wood pellets
    • in their acquisition of a majority stake in Reno De Medici S.p.A., an Italy-based producer of recycled cartonboard in Europe
    • in their commitment to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital, a global investment firm with an extensive track record in asset-backed credit origination for emerging and established companies
    • in their $338 million take-private acquisition of The New Home Company Inc., a homebuilder with operations in California, Arizona and Colorado
    • in their majority acquisition of ABC Technologies Holdings Inc. from ABC Group Canada LP (ABC LP), an affiliate of funds managed by Cerberus Capital Management, L.P.
    • in their commitment to invest up to $470 million in U.S. Acute Care Solutions (USACS), a national leader in physician-owned emergency medicine, hospitalist and observation services
    • in their €500 million investment in Sazka Group A.S., a Czech Republic-based lottery operator
    • in their acquisition of the aluminum can and aluminum rolling businesses from Showa Denko K.K., a Japan-based producer of functional chemicals and industrial materials
    • as lead investors, in the $1.75 billion preferred investment in Albertsons Companies, an Idaho-based food and drug retailer
    • the $300 million investment in Cimpress plc, a worldwide leader in the mass customization and production of print, signage, merchandise and other marketing products for small business, graphic designers and consumers through a number of brands, including Vistaprint
    • the $1.2 billion investment, alongside Silver Lake Partners, in Expedia Group, a Washington-based online travel shopping company for consumer and small business travel
    • the sale of Endemol Shine Group, which was co-owned by The Walt Disney Company and funds managed by affiliates of Apollo, to France-based Banijay Group
    • the acquisition of leading Italian gaming company Gamenet Group S.p.A
    • the acquisition of an 80.1 percent interest in Lumileds, a leading supplier of LED components and automotive lighting, from Royal Philips, in a transaction with an enterprise value of approximately $2 billion
    • the acquisition of internet photo products pioneers Shutterfly, Inc., Snapfish, LLC, with the Shutterfly transaction valued at $2.7 billion and Shutterfly in its $225 million acquisition of Spoonflower, a global marketplace offering custom, print-on-demand fabric, wallpaper and home decor designed by global independent artists
  • Maiden Holdings, Ltd., a Bermuda reinsurance company, in the sale of the renewal rights to its U.S. treaty reinsurance underwriting business to Transatlantic Reinsurance Company
  • Virtu Financial, Inc., a New York-based technology-enabled market maker, in several transactions, including:
    • the $400 million sale of its fixed income trading venue BondPoint to Intercontinental Exchange
    • its approximately $1.4 billion all-cash acquisition of retail electronic trading firm KCG Holdings, Inc.
    • its approximately $1 billion acquisition of Investment Technology Group, Inc., a New York-based financial technology company

Brian’s fund formation and investment management experience includes advising:

  • Apollo Global Management and affiliated funds in numerous high-profile transactions, including:
    • in the formation of Apollo Accord strategy, a series of dislocation credit funds totaling over $5 billion
    • in the formation of Apollo Investment Fund IX, L.P.
    • in the formation of Apollo Hybrid Value Fund I, a credit and equity fund totaling $3.25 billion, and Apollo HVF II, targeting $5 billion
    • in the formation of Apollo Impact Fund, a social impact fund targeting $1.5 billion
    • in the formation of Apollo Infrastructure Opportunities Fund II, an infrastructure-focused private equity fund totaling $2.6 billion
    • in connection with the launch of HarbourView Equity Partners, a New Jersey-based alternative asset manager focused on investment opportunities in the media and entertainment space founded by Sherrese Clarke Soares
    • in its strategic partnership with a specialist private equity firm focused on financial technology investments, with Apollo acquiring a 24.9% minority stake in their management company and Apollo becoming limited partners in their managed vehicles
  • Blackstone Alternative Asset Management in connection with numerous investment transactions and fund formation matters

Brian’s restructuring experience includes advising:

  • Hexion Holdings LLC, the world’s leading producer of thermosetting resins, and a leading producer of adhesive and structural resins and coatings, in connection with the company’s chapter 11 cases, through which Hexion restructured over $3.8 billion of debt and successfully emerged from chapter 11;
  • Claire’s Inc., one of the world's leading specialty retailers of fashionable jewelry and accessories for girls, teens, and young women, and certain of its affiliates, including in their chapter 11 cases
  • Certain noteholders holding a majority of notes issued by Mood Media Corporation, a leading global provider of in-store media and marketing services with $650 million in funded debt obligations, in connection with a comprehensive debt and equity restructuring of the company through proceedings in Canada and the United States
  • Preferred Sands, a Pennsylvania-based producer of sand and resin coated proppants, in a comprehensive restructuring that included the restructuring of indebtedness of more than $1.4 billion and the carve-out of certain of its in-basin production assets into a new entity, Signal Peak Silica, LLC

Brian’s SPAC experience includes advising:

  • Algoma Steel, Inc., a Canada-based steel producer, in its combination with Legato Merger Corp., a New York-based special purpose acquisition company
  • Apollo Strategic Growth Capital, a special purpose acquisition company, in its IPO and $5 billion business combination with American Express Global Business Travel, a B2B travel platform, to form a publicly traded company
  • Pine Technology Acquisition Corp., a special purpose acquisition company, in its merger with The Tomorrow Companies Inc., a Massachusetts-based platform for global weather and climate security, to form a publicly traded company with a pro-forma equity value of $1.2 billion

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