ProfessionalsBrian S. Grieve
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, 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, 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 structured finance transactions and securitizations as well a range of tax matters with respect to derivative transactions.
Brian focuses his practice primarily on the representation of alternative asset managers, such as Apollo Global Management, Inc. and several of its portfolio companies, including Shutterfly, Lumileds, Mood Media, Endemol Shine, Norwegian Cruise Line, Phoenix Services, Hexion, Jupiter Resources and Express Energy.
Brian also represents funds managed by affiliates of The Blackstone Group and Oaktree Capital Management and has recently advised on significant transactions for Virtu Financial along with handling capital markets transactions for Deutsche Bank, Nomura and Barclays Capital.
Brian’s recent experience includes representing:
- Apollo Global Management, Inc. and affiliated funds in numerous high-profile transactions, including:
- the formation of Apollo Accord Fund III B, a dislocation credit fund totaling $1.75 billion;
- as lead investors, in the $1.75 billion 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 $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.;
- the $1.55 billion acquisition of approximately 35 million common shares of leading retirement services company Athene Holding Ltd. in a complex share exchange transaction between Apollo and Athene;
- the conversion of Apollo Global Management, LLC from a publicly traded partnership to a corporation;
- the formation of Apollo’s latest $24.7 billion flagship buyout fund, Apollo Investment Fund IX, L.P., the world’s largest private equity fund ever raised at the time;
- in connection with the closing of Apollo Hybrid Value Fund (HVF), a $3.25 billion fund seeking to combine credit and equity, focusing on capital solutions, structured equity and non-control stressed and distressed investments;
- a public offering of its new series of 6.375% Series A Preferred Shares, an offering comprised of 11,000,000 Series A Preferred Shares representing gross proceeds of $275 million;
- the restructuring of 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;
- the restructuring of 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;
- representing 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;
- the sale of Endemol Shine Group, which is 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. and Snapfish, LLC, with the Shutterfly transaction valued at $2.7 billion; and
- representing Vectra Co., a Missouri-based technology-driven diversified industrial company, in the sale of its EaglePicher business, a provider of advanced power and energy solutions for mission-critical applications, to affiliates of GTCR LLC, an Illinois-based private equity firm.
- 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.
- 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.; and
- its approximately $1 billion acquisition of Investment Technology Group, Inc., a New York-based financial technology company.
- Nomura Corporate Funding Americas LLC, as underwriter, in several structured financing transactions supported by a borrowing base of residential and commercial property-assessed clean energy bonds (PACE bonds) and related tax assessments.