ProfessionalsDavid W. Mayo

David W. Mayo
Partner
Tel: +1-212-373-3324
Fax: +1-212-492-0324
emaildmayo@paulweiss.com
1285 Avenue of the Americas
New York,
NY
10019-6064
Fax: +1-212-492-0324
- Practices
- Tax
- Practices:
- Tax
A partner in the Tax Department, David Mayo focuses his practice on corporate and partnership taxation, taxable and tax-free mergers and acquisitions, restructurings and cross-border transactions.
EXPERIENCE
- A consortium of private equity funds in the acquisition of U.S. and Canada homebuilding operations of Taylor Wimpey plc;
- Kohlberg and Company in its acquisition and subsequent public offering of Bauer Performance Sports;
- KPS Capital Partners in raising its $1.2 billion Fund III and $1.0 billion Fund III Supplemental;
- The Bondholders of CIT Group Inc. in CIT Group's prepackaged bankruptcy;
- Religáre Enterprises Limited in its acquisition of a majority stake in the management company of Northgate Capital and Landmark Partners; and
- The Management Team of R3 Capital Partners in their spin out from Lehman Brothers and subsequent acquisition by BlackRock.
David is a member of the Executive Committee of the Tax Section of the New York State Bar Association, and is a past president of the New York City Tax Club. David has been recognized in Chambers USA as a Leading Individual since 2006 and in The Best Lawyers in America since the 2011 edition. Most recently, David was ranked by Chambers Global, in which sources say he is "thorough and business-minded, with the ability to translate tax code into English."
David served as editor in chief of the Harvard Journal of Law & Public Policy.
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IRS Proposes to Eliminate Taxpayer Favorable Safe Harbor for Corporations after Ownership Change
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IRS Proposes to Eliminate Taxpayer Favorable Safe Harbor for Corporations after Ownership Change
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- Client News
Grain Management Completes Sale of U.S. Tower Portfolio
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Yamana Gold Completes Debt Tender Offers
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- Client News
Yamana Gold Completes Debt Tender Offers
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BlackRock Invests in Authentic Brands Group
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Affiliate of KPS Capital to Acquire EIT Group of Businesses From TransDigm
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Affiliate of KPS Capital to Acquire EIT Group of Businesses From TransDigm
Paul, Weiss is representing an affiliate of KPS Capital Partners, LP in its $190 million acquisition of the Esterline Interface Technologies (EIT) group of businesses from TransDigm Group Incorporated.
Firestone & Robertson Distilling Sold to Pernod Ricard
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Firestone & Robertson Distilling Sold to Pernod Ricard
Paul, Weiss represented Firestone & Robertson Distilling Co. in its sale to Pernod Ricard USA.
Wanda Sports Group Completes IPO
- Jul 30, 2019
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Wanda Sports Group Completes IPO
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Paul, Weiss Partners to Lead PLI Briefing on Real Asset Funds
- Sep 12, 2019
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Paul, Weiss Partners to Lead PLI Briefing on Real Asset Funds
Corporate partner Udi Grofman, real estate partner Harris Freidus and tax partner David Mayo will lead a one-hour Practising Law Institute briefing, “Real / Hard Asset Funds: Real Estate and Infrastructure.”
Vertex to Be Acquired by DFW Capital
- Jul 26, 2019
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Vertex to Be Acquired by DFW Capital
Paul, Weiss is representing Vertex, a portfolio company of client Oak Hill Capital Partners and GenNx360, in its sale to DFW Capital Partners.
Osisko Gold Royalties Completes Secondary Offering
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Osisko Gold Royalties Completes Secondary Offering
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KPS Capital to Sell Chassis Brakes to Hitachi Automotive
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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…
Broadview Holding Acquires the Formica Group
- Jun 03, 2019
- Client News
Broadview Holding Acquires the Formica Group
Paul, Weiss represented Broadview Holding B.V. in its $840 million acquisition of the Formica Group from Fletcher Building Holdings Limited.
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…
KPS Capital Sells Genesis Attachments to NPK Construction Equipment
- May 17, 2019
- Client News
KPS Capital Sells Genesis Attachments to NPK Construction Equipment
Paul, Weiss represented KPS Capital Partners in its sale of Genesis Attachments, LLC to NPK Construction Equipment, Inc.
Oak Hill Capital to Sell AccentCare to Advent
- May 16, 2019
- Client News
Oak Hill Capital to Sell AccentCare to Advent
Paul, Weiss is representing AccentCare, a portfolio company of Oak Hill Capital Partners, in its sale to Advent International.
KPS Capital to Acquire Howden From Colfax Corporation in $1.8 Billion Deal
- May 16, 2019
- Client News
KPS Capital to Acquire Howden From Colfax Corporation in $1.8 Billion Deal
Paul, Weiss is representing KPS Capital Partners in its $1.8 billion acquisition of Howden from Colfax Corporation.
Atlantic Gold Corporation to Be Acquired by St Barbara Ltd.
- May 14, 2019
- Client News
Atlantic Gold Corporation to Be Acquired by St Barbara Ltd.
Paul, Weiss is representing Vancouver-based gold mining company Atlantic Gold Corporation in its Cdn$722 million acquisition by St Barbara Ltd., a gold mining company based in Australia.
KPS to Acquire Brunswick’s Fitness Business
- May 06, 2019
- Client News
KPS to Acquire Brunswick’s Fitness Business
Paul, Weiss is representing KPS Capital Partners, LP in its $490 million acquisition, through a newly formed affiliate, of the fitness business of Brunswick Corporation, including the Life Fitness brand.
Ingersoll-Rand Industrial Business to Merge With Gardner Denver, Creating $15 Billion Company
- Apr 30, 2019
- Client News
Ingersoll-Rand Industrial Business to Merge With Gardner Denver, Creating $15 Billion Company
Paul, Weiss is advising Ingersoll-Rand plc in the merger of its Industrial business with Gardner Denver Holdings, Inc. The complex cash-and-stock deal will create a $15 billion global leader in mission-critical flow creation and…
Grain Management Closes New Fund
- Apr 26, 2019
- Client News
Grain Management Closes New Fund
Paul, Weiss represented Grain Management in the closing of its fourth fund at approximately $900 million in commitments, which exceeded its target.
Swiss Re Completes Two New Hybrid Securities Offerings
- Apr 15, 2019
- Client News
Swiss Re Completes Two New Hybrid Securities Offerings
Swiss Re completed an offering of $1 billion Guaranteed Subordinated Fixed Rate Reset Step-up Callable Notes with a scheduled maturity in 2049 and €750 million Guaranteed Subordinated Fixed Rate Reset Step-up Callable Notes with a…
SSR Mining Completes Private Placement of $230 Million Convertible Notes Offering
- Mar 19, 2019
- Client News
SSR Mining Completes Private Placement of $230 Million Convertible Notes Offering
SSR Mining Inc. closed its offering of $230 million aggregate principal amount of 2.50% convertible senior notes due 2039.
Paul, Weiss Represents Underwriters in Public Offering of Husky Energy Notes
- Mar 15, 2019
- Client News
Paul, Weiss Represents Underwriters in Public Offering of Husky Energy Notes
Husky Energy Inc. closed a U.S. public offering of $750 million aggregate principal amount of its 4.400% notes due 2029.
Gores Metropoulos Completes $400 Million IPO
- Feb 06, 2019
- Client News
Gores Metropoulos Completes $400 Million IPO
Paul, Weiss represented Dean Metropoulos, a veteran investor in the food and consumer space, in connection with the initial public offering of Gores Metropoulos, Inc.
Aurora Cannabis Closes Convertible Bond Offering
- Jan 24, 2019
- Client News
Aurora Cannabis Closes Convertible Bond Offering
Aurora Cannabis Inc. closed its offering of $345 million aggregate principal amount of 5.5% convertible senior notes due 2024.
IMG College and Learfield Complete Merger
- Dec 31, 2018
- Client News
IMG College and Learfield Complete Merger
In a deal bringing together two of sports’ largest multimedia rights and sponsorship businesses, Paul, Weiss represented IMG College, the collegiate division of Endeavor, in its merger with Learfield.
Shopify Closes $400 Million Public Offering
- Dec 18, 2018
- Client News
Shopify Closes $400 Million Public Offering
Shopify Inc., the leading omni-channel commerce platform, closed a $400 million equity offering of 2,600,000 Class A subordinate voting shares at a price of $154 per share.
Broadview Holding to Acquire the Formica Group
- Dec 17, 2018
- Client News
Broadview Holding to Acquire the Formica Group
Paul, Weiss is representing Broadview Holding B.V. in its $840 million acquisition of the Formica Group from Fletcher Building Holdings Limited.
Hexcel to Acquire ARC Technologies
- Dec 12, 2018
- Client News
Hexcel to Acquire ARC Technologies
Paul, Weiss is representing Hexcel Corporation in its acquisition of ARC Technologies, Inc., a leading supplier of custom radio frequency and electromagnetic interference and microwave-absorbing composite materials for military,…
Pacific Drilling Emerges From Chapter 11
- Nov 20, 2018
- Client News
Pacific Drilling Emerges From Chapter 11
Paul, Weiss advised an ad hoc committee of creditors in connection with the successful reorganization of Pacific Drilling S.A. pursuant to a chapter 11 plan.
Spectrum Brands to Sell GAC to Energizer for $1.25 Billion
- Nov 16, 2018
- Client News
Spectrum Brands to Sell GAC to Energizer for $1.25 Billion
Paul, Weiss is representing global consumer products company Spectrum Brands Holdings in the sale of its Global Auto Care business to Energizer Holdings.
C&D Technologies to Acquire Trojan Battery
- Nov 06, 2018
- Client News
C&D Technologies to Acquire Trojan Battery
Paul, Weiss is representing C&D Technologies, Inc., a portfolio company of KPS Capital Partners, LP, in its acquisition of Trojan Battery Company, LLC from Charlesbank Capital Partners, LLC and other shareholders.
Virtu Financial to Acquire ITG in $1 Billion Deal
- Nov 06, 2018
- Client News
Virtu Financial to Acquire ITG in $1 Billion Deal
Paul, Weiss is representing high-speed trading firm Virtu Financial, Inc. in its approximately $1 billion acquisition of brokerage Investment Technology Group, Inc. (ITG).
Cobre del Mayo Completes Tender Offers and Consent Solicitation
- Nov 01, 2018
- Client News
Cobre del Mayo Completes Tender Offers and Consent Solicitation
Paul, Weiss advised Mexican copper mining company Cobre del Mayo , S.A. de C.V. in recent tender offers and a consent solicitation.
New Proposed Regulations on Section 956 and “Deemed Dividends” from Controlled Foreign Corporations
- Nov 01, 2018
- Publications
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…
Perry Ellis Taken Private
- Oct 21, 2018
- Client News
Perry Ellis Taken Private
Paul, Weiss represented Perry Ellis’ special committee of independent directors in the acquisition of Perry Ellis International, a NASDAQ-listed apparel company, by a private company owned by founder George Feldenkreis and his family…
TowerBrook Completes $5.3 Billion Fundraise for Two Funds
- Jun 25, 2018
- Client News
TowerBrook Completes $5.3 Billion Fundraise for Two Funds
Paul, Weiss advised TowerBrook Capital Partners in the fundraise of two new funds: TowerBrook V, its latest private equity flagship fund; and TowerBrook Structured Opportunities II, its second structured opportunities fund.
New IRS and Treasury Guidance on Qualified Opportunity Zone Program
- Oct 23, 2018
- Publications
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”).
General Atlantic Leads Investment in pymetrics
- Sep 27, 2018
- Client News
General Atlantic Leads Investment in pymetrics
Paul, Weiss advised General Atlantic as lead investor in a $40 million Series B funding round in pymetrics, an enterprise SaaS company founded by female neuroscientists that uses neuroscience and AI to make the recruitment process…
Churchill Capital Announces Completion of $600 Million IPO
- Sep 13, 2018
- Client News
Churchill Capital Announces Completion of $600 Million IPO
Paul, Weiss represented Churchill Capital Corp, which on September 11, 2018 completed an initial public offering of 69,000,000 units, including 9,000,000 units issued pursuant to the exercise by the underwriters of their…
Treasury Department Releases Regulations Concerning Section 199A
- Aug 24, 2018
- Publications
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…
Movado to Acquire MVMT Watches
- Aug 17, 2018
- Client News
Movado to Acquire MVMT Watches
Paul, Weiss is advising Swiss watchmaker Movado Group, Inc. in its acquisition of MVMT Watches Inc., an emerging international watches and accessories brand.
KPS Capital to Sell Attachments Division of International Equipment Solutions to Stanley Black & Decker
- Aug 07, 2018
- Client News
KPS Capital to Sell Attachments Division of International Equipment Solutions to Stanley Black & Decker
Paul, Weiss is representing International Equipment Solutions, LLC (IES), a portfolio company of KPS Capital Partners, LP, in the sale of its attachments division to Stanley Black & Decker, Inc. for $690 million.
KPS Capital to Sell Expera Specialty Solutions to Ahlstrom-Munksjö Oyj
- Jul 23, 2018
- Client News
KPS Capital to Sell Expera Specialty Solutions to Ahlstrom-Munksjö Oyj
Paul, Weiss is representing Expera Specialty Solutions, LLC, a portfolio company of KPS Capital Partners, LP, in its $615 million sale to Ahlstrom-Munksjö Oyj, a Finland-based global leader in fiber-based materials.
Perry Ellis to Be Acquired by George Feldenkreis
- Jun 16, 2018
- Client News
Perry Ellis to Be Acquired by George Feldenkreis
Perry Ellis International has agreed to be acquired by George Feldenkreis, Perry Ellis’ founder and a member of the company’s board of directors, in a transaction valued at $437 million.
Taylor Morrison to Acquire AV Homes for $963 Million
- Jun 07, 2018
- Client News
Taylor Morrison to Acquire AV Homes for $963 Million
Paul, Weiss is representing homebuilder Taylor Morrison Home Corporation (NYSE: TMHC) in its acquisition of AV Homes, Inc. (NASDAQ: AVHI).
Canadian Pacific Railway Closes $500 Million Public Offering
- May 16, 2018
- Client News
Canadian Pacific Railway Closes $500 Million Public Offering
Paul, Weiss advised Canadian Pacific Railway Company in its public offering in the United States of $500 million in aggregate principal amount of 4.000% notes due 2028.
TransCanada PipeLines Completes $2.5 Billion Public Offering of Senior Notes
- May 07, 2018
- Client News
TransCanada PipeLines Completes $2.5 Billion Public Offering of Senior Notes
Canadian energy infrastructure company TransCanada PipeLines Limited completed a U.S. public offering of $1 billion aggregate principal amount of 4.250% senior notes due 2028, $500 million aggregate principal amount of 4.750% senior…
KPS Creates Autokiniton Global Group and Acquires L&W
- May 01, 2018
- Client News
KPS Creates Autokiniton Global Group and Acquires L&W
Paul, Weiss advised KPS Capital Partners in the creation of a new company, Autokiniton Global Group, LP (AGG) to pursue investments in the global automotive supply industry.
KPS to Sell Electrical Components International to Cerberus
- Apr 26, 2018
- Client News
KPS to Sell Electrical Components International to Cerberus
Paul, Weiss is representing KPS Capital Partners, LP in its sale of Electrical Components International, Inc. (ECI) to Cerberus Capital Management, L.P.
Arrow Global Completes High Yield Debt Offering
- Mar 16, 2018
- Client News
Arrow Global Completes High Yield Debt Offering
Paul, Weiss client Arrow Global Group PLC, a data-driven debt purchase and receivables management company, raised €285,000,000 through the issuance of senior secured floating rate notes due 2026 and £100.0 million through the tap of…
David Mayo Participates in Program on Effects of Tax Act on Law Firms
- Feb 28, 2018
- Events
David Mayo Participates in Program on Effects of Tax Act on Law Firms
Tax partner David Mayo spoke on a panel at Sandpiper Partners LLC’s program, “Challenges & Changes for Law Firms and Their Partners Under the Tax Act of 2017.”
KPS Capital to Sell American & Efird to Platinum Equity Capital
- Feb 26, 2018
- Client News
KPS Capital to Sell American & Efird to Platinum Equity Capital
Paul, Weiss is representing North Carolina-based thread maker American & Efird (A&E), a portfolio company of KPS Capital Partners, in its sale to Platinum Equity Capital Partners.
Shopify Closes $658 Million Public Offering
- Feb 23, 2018
- Client News
Shopify Closes $658 Million Public Offering
Shopify Inc., the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, closed a $658 million equity offering of 4,800,000 Class A subordinate voting shares at a price of $137 per share.
First Majestic Completes $150 Million Convertible Senior Notes Offering
- Dec 29, 2017
- Client News
First Majestic Completes $150 Million Convertible Senior Notes Offering
First Majestic Silver Corp. completed an offering of $150 million aggregate principal amount of its 1.875% convertible senior notes due 2023.
Community Outcomes Fund Holds First Closing
- Jan 19, 2018
- Client News
Community Outcomes Fund Holds First Closing
Paul, Weiss advised pro bono client Community Outcomes Fund LP on the fund’s first closing. The private fund’s investment objective is to provide outcomes-based financing for private/public partnerships focused on addressing social…
The Effect of the Tax Cuts and Jobs Act on Employer Settlements of Sexual Harassment Claims
- Jan 22, 2018
- Publications
The Effect of the Tax Cuts and Jobs Act on Employer Settlements of Sexual Harassment Claims
A little-publicized provision of the tax law enacted last month bars companies from deducting one type of settlement as a business expense: settlement payments and associated attorneys’ fees related to sexual harassment or abuse where …
Kohlberg to Sell e+CancerCare to Alliance HealthCare
- Jan 11, 2018
- Client News
Kohlberg to Sell e+CancerCare to Alliance HealthCare
Paul, Weiss is representing Kohlberg & Company L.L.C. in its sale of e+CancerCare to Alliance HealthCare Services.
Performance Sports Group Wins Chapter 11 Plan Confirmation
- Dec 20, 2017
- Client News
Performance Sports Group Wins Chapter 11 Plan Confirmation
Fourteen months after Performance Sports Group—owner and distributor of sports brands such as BAUER Hockey and EASTON Baseball—entered bankruptcy, Paul, Weiss helped the company win confirmation of its chapter 11 plan.
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,…
PaperWorks Industries Announces Agreement on Comprehensive Deleveraging and Recapitalization
- Dec 20, 2017
- Client News
PaperWorks Industries Announces Agreement on Comprehensive Deleveraging and Recapitalization
PaperWorks Industries, Inc. and certain of its affiliates (collectively, the Company) and five holders of the Company's 9.500% Senior Secured Notes due 2019, holding approximately 87 percent of the outstanding Notes (Ad Hoc Group),…
Mountain Province Diamonds Closes $330 Million Offering of Senior Secured Second Lien Notes
- Dec 11, 2017
- Client News
Mountain Province Diamonds Closes $330 Million Offering of Senior Secured Second Lien Notes
Paul, Weiss advised Mountain Province Diamonds Inc. in its offering of $330 million aggregate principal amount of 8.000% senior secured second lien notes due 2022.
Yamana Gold Closes $300 Million Senior Notes Offering
- Dec 04, 2017
- Client News
Yamana Gold Closes $300 Million Senior Notes Offering
Paul, Weiss advised Canada-based gold producer Yamana Gold Inc. in its offering of $300 million aggregate principal amount of its 4.625% senior notes due 2027.
Precision Drilling Completes High Yield Debt Offering and Tender Offer
- Nov 22, 2017
- Client News
Precision Drilling Completes High Yield Debt Offering and Tender Offer
Precision Drilling Corporation completed a Rule 144A and Regulation S offering of $400 million of 7.125% senior notes due 2026.
TransCanada PipeLines Completes $1.25 Billion Public Offering of Senior Notes
- Nov 17, 2017
- Client News
TransCanada PipeLines Completes $1.25 Billion Public Offering of Senior Notes
Canadian energy infrastructure company TransCanada PipeLines Limited completed a U.S. public offering $700 million aggregate principal amount of 2.125% senior notes due 2019 and $550 million aggregate principal amount of floating rate …
Taylor Morrison Completes Public Offering
- Nov 13, 2017
- Client News
Taylor Morrison Completes Public Offering
Paul, Weiss represented home builder Taylor Morrison Home Corporation (NYSE: TMHC) in its public offering of 10,000,000 shares of its Class A common stock at a purchase price per share to the underwriters of $22.95.
Suncor Energy Completes $750 Million Public Debt Offering
- Nov 15, 2017
- Client News
Suncor Energy Completes $750 Million Public Debt Offering
Paul, Weiss advised Calgary-based integrated energy company Suncor Energy Inc. in a public offering of $750 million of its 4.000% senior notes due 2047.
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…
Wilton Brands Sells Simplicity Creative Group to CSS Industries
- Nov 03, 2017
- Client News
Wilton Brands Sells Simplicity Creative Group to CSS Industries
Paul, Weiss represented craft and consumer products company Wilton Brands LLC in its all-cash sale of the domestic and international business of Simplicity Creative Group to controlled affiliates of CSS Industries, Inc.
HP Completes $1.05 Billion Acquisition of Samsung Global Printer Business
- Nov 01, 2017
- Client News
HP Completes $1.05 Billion Acquisition of Samsung Global Printer Business
Paul, Weiss represented leading computer and printer maker HP Inc. in its $1.05 billion acquisition of Samsung Electronics Co., Ltd.’s global printer business.
Mosaic Acquisition Completes Initial Public Offering
- Oct 23, 2017
- Client News
Mosaic Acquisition Completes Initial Public Offering
Paul, Weiss advised special acquisition company Mosaic Acquisition Corp. in its initial public offering.
General Atlantic Completes Acquisition of a Stake in Authentic Brands
- Oct 25, 2017
- Client News
General Atlantic Completes Acquisition of a Stake in Authentic Brands
Paul, Weiss represented General Atlantic LLC in its acquisition of a minority stake in Authentic Brands Group LLC, a brand development, marketing, licensing and entertainment company.
Enbridge Completes $700 Million Public Offering of Floating Rate Senior Notes
- Oct 10, 2017
- Client News
Enbridge Completes $700 Million Public Offering of Floating Rate Senior Notes
Enbridge Inc., a Canadian company that operates the world’s longest crude oil and liquids transportation system, completed a public offering of $700 million aggregate principal amount of floating rate senior notes due 2020.
eviCore to Be Acquired by Express Scripts for $3.6 Billion
- Oct 10, 2017
- Client News
eviCore to Be Acquired by Express Scripts for $3.6 Billion
As reported by Bloomberg, The Washington Post and other media outlets, Paul, Weiss is representing eviCore healthcare in its $3.6 billion acquisition by Express Scripts Holding Company.
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…
Viking Global Investors to Back Rockefeller Capital Management
- Oct 04, 2017
- Client News
Viking Global Investors to Back Rockefeller Capital Management
Rockefeller Financial Services, Inc., the parent company of Rockefeller & co., and Gregory J. Fleming have agreed to form Rockefeller Capital Management, an independent financial services firm focused on wealth management, asset…
Seven Generations Energy Completes High Yield Notes Offering and Tender Offer
- Oct 02, 2017
- Client News
Seven Generations Energy Completes High Yield Notes Offering and Tender Offer
Canada-based natural gas company Seven Generations Energy Ltd. completed a $700 million offering of its 5.375% senior notes due 2025, and a tender offer for its 8.250% senior notes due 2020.
KPS Capital Acquires C&D Technologies
- Aug 22, 2017
- Client News
KPS Capital Acquires C&D Technologies
Paul, Weiss represented KPS Capital Partners, LP in its acquisition, through a newly formed affiliate, of C&D Technologies, Inc. and its affiliates.
Province of Alberta Completes $1.5 Billion Public Offering
- Jul 26, 2017
- Client News
Province of Alberta Completes $1.5 Billion Public Offering
Paul, Weiss represented the Province of Alberta, Canada in its public offering of $1.5 billion of 2.200% bonds due July 26, 2022.
Enbridge Completes $1 Billion Public Offering of Hybrid Securities
- Jul 14, 2017
- Client News
Enbridge Completes $1 Billion Public Offering of Hybrid Securities
Canadian natural gas distribution company Enbridge Inc. completed a public offering of $1 billion aggregate principal amount of 5.50% fixed-to-floating rate subordinated notes due 2077.
Repsol Completes Consent Solicitations and Debt Tender Offers for U.S. Dollar Bonds
- Jul 12, 2017
- Client News
Repsol Completes Consent Solicitations and Debt Tender Offers for U.S. Dollar Bonds
Paul, Weiss advised upstream oil and gas company Repsol Oil & Gas Canada Inc. in a debt tender offer.
Enbridge Completes $1.4 Billion Public Offering
- Jul 07, 2017
- Client News
Enbridge Completes $1.4 Billion Public Offering
Calgary-based energy infrastructure company Enbridge Inc. completed a public offering of $700 million aggregate principal amount of 2.90% senior notes due 2022 and $700 million aggregate principal amount of 3.70% senior notes due…
KPS Capital Acquires Winoa
- Jun 30, 2017
- Client News
KPS Capital Acquires Winoa
Paul, Weiss represented an affiliate of KPS Capital Partners, LP in its acquisition of WHA Holding SAS (Winoa) from a consortium of investors
Taylor Morrison Completes Synthetic Secondary Offering
- Jun 27, 2017
- Client News
Taylor Morrison Completes Synthetic Secondary Offering
Paul, Weiss represented home builder Taylor Morrison Home Corporation (NYSE: TMHC) in its completed public offering of 10,000,000 shares of its Class A common stock at a purchase price per share of $23.30.
Enbridge Completes $500 Million Public Offering of Floating Rate Senior Notes
- Jun 15, 2017
- Client News
Enbridge Completes $500 Million Public Offering of Floating Rate Senior Notes
Enbridge Inc., a Canadian company that operates the world’s longest crude oil and liquids transportation system, completed a public offering of $500 million aggregate principal amount of floating rate senior notes due 2020.
ADMA Biologics Completes Acquisition of Biotest’s Therapy Business Unit Assets
- Jun 06, 2017
- Client News
ADMA Biologics Completes Acquisition of Biotest’s Therapy Business Unit Assets
Paul, Weiss represented ADMA Biologics, Inc. in its acquisition of the assets of Biotest Pharmaceuticals Corporation’s Therapy Business Unit.
KPS Capital to Acquire DexKo Global
- May 30, 2017
- Client News
KPS Capital to Acquire DexKo Global
Paul, Weiss is representing KPS Capital Partners, LP in its agreement to acquire, through a newly formed affiliate, DexKo Global Inc. and its affiliates.
Shopify Closes $500 Million Public Offering
- May 24, 2017
- Client News
Shopify Closes $500 Million Public Offering
Shopify Inc., the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, closed a $500 million equity offering of 5,500,000 Class A subordinate voting shares at a price of $91 per share.
New Gold Closes $300 Million High Yield Offering
- May 18, 2017
- Client News
New Gold Closes $300 Million High Yield Offering
Paul, Weiss represented New Gold Inc., in its high yield offering of $300 million aggregate principal amount of 6.375% senior notes due 2025.
Taylor Morrison Completes Synthetic Secondary Offering
- May 05, 2017
- Client News
Taylor Morrison Completes Synthetic Secondary Offering
Paul, Weiss represented home builder Taylor Morrison Home Corporation (NYSE: TMHC) in its completed public offering of 10,000,000 shares of its Class A common stock at a purchase price per share of $23.12.
Paragon Offshore and Creditors Ink Restructuring Deal
- May 02, 2017
- Client News
Paragon Offshore and Creditors Ink Restructuring Deal
Paul, Weiss represented the Official Committee of Unsecured Creditors in connection with a consensual restructuring of Paragon Offshore plc, an offshore rig operator.
Spectrum Brands to Acquire PetMatrix
- Apr 28, 2017
- Client News
Spectrum Brands to Acquire PetMatrix
Paul, Weiss is advising global consumer products company Spectrum Brands Holdings, Inc. in its acquisition of PetMatrix, LLC, a privately held manufacturer of rawhide-free dog chews.
Kohlberg Sells NBG Home
- Apr 27, 2017
- Client News
Kohlberg Sells NBG Home
Paul, Weiss represented Kohlberg & Company, L.L.C. and NBG Home in Kohlberg’s sale of NBG to Sycamore Partners.
Virtu Financial To Acquire KCG Holdings for $1.4 Billion
- Apr 20, 2017
- Client News
Virtu Financial To Acquire KCG Holdings for $1.4 Billion
Paul, Weiss is representing high-speed trading firm Virtu Financial, Inc. in its approximately $1.4 billion all-cash acquisition of retail electronic trading firm KCG Holdings, Inc.
Videotron Completes $600 Million High Yield Offering
- Apr 13, 2017
- Client News
Videotron Completes $600 Million High Yield Offering
Paul, Weiss represented Bank of America Merrill Lynch and the other initial purchasers in connection with Videotron Ltd.’s offering of $600 million aggregate principal amount of 5.125% senior notes due 2027.
UCP Agrees to Business Combination With Century Communities
- Apr 11, 2017
- Client News
UCP Agrees to Business Combination With Century Communities
Paul, Weiss is representing real estate developer UCP, Inc., a subsidiary of PICO Holdings, Inc., in its stock and cash merger with homebuilder Century Communities, Inc.
Taylor Morrison Completes Synthetic Secondary Offering
- Mar 27, 2017
- Client News
Taylor Morrison Completes Synthetic Secondary Offering
Paul, Weiss represented Taylor Morrison Home Corporation in the public offering of 10,000,000 shares of its Class A common stock.
High Yield Debt Offering In London
- Mar 29, 2017
- Client News
High Yield Debt Offering In London
Paul, Weiss client Arrow Global Group PLC, a data-driven debt purchase and receivables management company, raised €400,000,000 through the issuance of senior secured floating rate notes due 2025.
KPS Capital to Acquire Winoa
- Mar 22, 2017
- Client News
KPS Capital to Acquire Winoa
Paul, Weiss is representing an affiliate of KPS Capital Partners, LP in its acquisition of WHA Holding SAS (Winoa) from a consortium of investors.
IAMGOLD Corporation Completes $400 Million Offering
- Mar 16, 2017
- Client News
IAMGOLD Corporation Completes $400 Million Offering
Paul, Weiss client IAMGOLD Corporation, a mid-tier mining company with four operating gold mines on three continents, closed an offering of $400 million of its 7.000% senior notes due 2025.
New Gold Closes Equity Offering
- Mar 10, 2017
- Client News
New Gold Closes Equity Offering
Paul, Weiss advised New Gold Inc., a Canadian intermediate gold mining company, in its public offering of common shares.
Performance Sports Completes Sale of Assets to Investor Group
- Feb 28, 2017
- Client News
Performance Sports Completes Sale of Assets to Investor Group
In the culmination of a complex cross-border bankruptcy process, Paul, Weiss client Performance Sports completed the sale of its assets to an investor group led by Sagard Holdings and Fairfax Financial Holdings.
Manulife Completes $750 Million Subordinated Notes Offering
- Feb 24, 2017
- Client News
Manulife Completes $750 Million Subordinated Notes Offering
Manulife Financial Corporation, a leading international financial services group, completed a public offering of $750 million aggregate principal amount of 4.061% subordinated notes due 2032.
Athabasca Oil Corporation Closes Notes Offering
- Feb 24, 2017
- Client News
Athabasca Oil Corporation Closes Notes Offering
Athabasca Oil Corporation closed a private placement of $450 million aggregate principal amount of 9.875% senior secured second lien notes due 2022.
Luxury Retreats Acquired By Airbnb
- Feb 16, 2017
- Client News
Luxury Retreats Acquired By Airbnb
Paul, Weiss represented Canada-based Luxury Retreats in its completed sale to Airbnb.
Pretium Closes Convertible Notes Offering
- Feb 14, 2017
- Client News
Pretium Closes Convertible Notes Offering
Paul, Weiss advised Pretium Resources Inc. in its completed $100 million private placement of 2.25% convertible senior subordinated notes due 2022.
Fortuna Closes Public Common Share Offering
- Feb 09, 2017
- Client News
Fortuna Closes Public Common Share Offering
Fortuna Silver Mines Inc., a growth oriented, precious metal producer focused on mining opportunities in Latin America, closed a $75 million underwritten public offering of 11,873,750 Common Shares, at an offering price of $6.30…
Alamos Gold Closes Bought Deal Financing
- Feb 09, 2017
- Client News
Alamos Gold Closes Bought Deal Financing
Alamos Gold Inc., a Canadian-based intermediate gold producer, closed a $250 million underwritten public offering of 31,450,000 Class A Common Shares at an offering price of $7.95 per share.
MagnaChip Closes Exchangeable Notes Offering
- Jan 17, 2017
- Client News
MagnaChip Closes Exchangeable Notes Offering
Paul, Weiss advised MagnaChip Semiconductor S.A. in a private offering of $86.25 million aggregate principal amount of 5.00% exchangeable senior notes due 2021.
TAO Group Partners With MSG
- Feb 02, 2017
- Client News
TAO Group Partners With MSG
Paul, Weiss represented TAO Group in its partnership with The Madison Square Garden Company (MSG).
ADMA Biologics to Acquire Therapy Business from Biotest Pharmaceuticals Corporation
- Jan 23, 2017
- Client News
ADMA Biologics to Acquire Therapy Business from Biotest Pharmaceuticals Corporation
Paul, Weiss is representing ADMA Biologics, Inc. in their agreement to acquire certain manufacturing and therapy-related assets from Biotest Pharmaceuticals Corporation.
Electrical Components International to Acquire Fargo Assembly Company
- Jan 17, 2017
- Client News
Electrical Components International to Acquire Fargo Assembly Company
Paul, Weiss is representing Electrical Components International, Inc. (ECI), a portfolio company of KPS Capital Partners, in its agreement to acquire Fargo Assembly Company and certain of its affiliates.
Enbridge Completes $750 Million Public Offering of Hybrid Securities
- Dec 20, 2016
- Client News
Enbridge Completes $750 Million Public Offering of Hybrid Securities
Enbridge Inc., a Canadian company that operates the world's longest crude oil and liquids transportation system, completed a public offering of $750 million aggregate principal amount of 6.00% fixed-to-floating subordinated notes …
Province of Alberta Completes $2.25 Billion Public Offering
- Dec 08, 2016
- Client News
Province of Alberta Completes $2.25 Billion Public Offering
Paul, Weiss represented The Province of Alberta, Canada in its public offering of $2.25 billion of 1.90% bonds due December 6, 2019.
Enbridge Completes $1.5 Billion Public Offering
- Nov 29, 2016
- Client News
Enbridge Completes $1.5 Billion Public Offering
Enbridge Inc., a Canadian company that operates the world's longest crude oil and liquids transportation system, completed a public offering of $750 million aggregate principal amount of 4.250% senior notes due 2026 and $750…
TransCanada Completes Cdn$3.5 Billion Public Offering
- Nov 16, 2016
- Client News
TransCanada Completes Cdn$3.5 Billion Public Offering
TransCanada Corporation completed a public offering of common shares in the U.S. and Canada for gross proceeds of approximately Cdn$3.5 billion.
Estée Lauder to Acquire Too Faced Cosmetics for $1.45 Billion
- Nov 14, 2016
- Client News
Estée Lauder to Acquire Too Faced Cosmetics for $1.45 Billion
The Estée Lauder Companies Inc. announced that it will acquire Paul, Weiss client Too Faced Cosmetics, LLC, a feminine makeup brand and General Atlantic portfolio company for approximately $1.45 billion.
Precision Drilling Completes High Yield Debt Offering
- Nov 04, 2016
- Client News
Precision Drilling Completes High Yield Debt Offering
Precision Drilling Corporation completed a Rule 144A and Regulation S offering of its 7.750% senior notes due 2023 for gross proceeds of $350 million.
KPS to Sell Anchor Glass for More Than $1 Billion
- Nov 02, 2016
- Client News
KPS to Sell Anchor Glass for More Than $1 Billion
Paul, Weiss client KPS Capital Partners LP announced the sale of its portfolio company Anchor Glass Container Corporation to BA Glass B.V. and funds advised by CVC Capital Partners.
Qualcomm to Acquire NXP
- Oct 27, 2016
- Client News
Qualcomm to Acquire NXP
Paul, Weiss is representing wireless technology leader Qualcomm Incorporated in its agreement to acquire NXP Semiconductors for $47 billion.
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…
Arch Coal Completes Restructuring
- Oct 14, 2016
- Client News
Arch Coal Completes Restructuring
Arch Coal, Inc., a leading producer of metallurgical and thermal coal, successfully completed its financial restructuring and emerged from chapter 11 as a publicly traded company with more than $300 million of cash on its balance …
AquaVenture Completes Initial Public Offering
- Oct 12, 2016
- Client News
AquaVenture Completes Initial Public Offering
AquaVenture Holdings Ltd. completed its initial public offering. The gross proceeds to the issuer from the initial public offering were $134.6 million, before deducting underwriting discounts and estimated offering…
Takeaway.com Completes Initial Public Offering and Lists on Euronext Amsterdam
- Oct 04, 2016
- Client News
Takeaway.com Completes Initial Public Offering and Lists on Euronext Amsterdam
Takeaway.com N.V. completed its initial public offering and listing on Euronext Amsterdam and the greenshoe related thereto was fully exercised.
Forsyth Capital Acquires HawkeyePedershaab
- Sep 20, 2016
- Client News
Forsyth Capital Acquires HawkeyePedershaab
Forsyth Capital Investors, LLC, an investment firm targeting the manufacturing and insurance services sectors, completed the acquisition of HawkeyePedershaab, Inc., a portfolio company of Paul, Weiss client Kohlberg &…
KPS Sells United Copper Industries to Southwire
- Sep 20, 2016
- Client News
KPS Sells United Copper Industries to Southwire
Paul, Weiss client KPS Capital Partners, LP announced that it has sold its portfolio company United Copper Industries, Inc. to Southwire Company, LLC. UCI is a leading manufacturer and distributor of copper building wire and…
Sterling-Denominated High Yield Offering Despite Brexit Concerns
- Sep 09, 2016
- Client News
Sterling-Denominated High Yield Offering Despite Brexit Concerns
Paul, Weiss client Arrow Global Group PLC, a data-driven debt purchase and receivables management company, raised £220,000,000 through the issuance of 5.125% senior secured notes due 2024.
Shopify Closes $330 Million Public Offering
- Aug 22, 2016
- Client News
Shopify Closes $330 Million Public Offering
Shopify Inc., the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, closed a $330 million underwritten public offering of 8,625,000 Class A subordinate voting shares, of which…
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…
NBGHome Acquires Plantation Patterns
- Jul 19, 2016
- Client News
NBGHome Acquires Plantation Patterns
NBGHome, a portfolio company of Paul, Weiss client Kohlberg & Co., L.L.C., announced that it has acquired Plantation Patterns, LLC, a leading provider of outdoor soft home products to mass, home improvement, discount and…
Hostess Brands Announces Sale Agreement With Gores Holdings
- Jul 05, 2016
- Client News
Hostess Brands Announces Sale Agreement With Gores Holdings
As reported by The New York Times, Bloomberg, The Wall Street Journal and other media outlets, Hostess Brands LLC announced it has entered into a definitive agreement with Gores Holdings, Inc., a special…
Suncor Energy Closes Cdn$2.9 Billion Equity Offering
- Jun 22, 2016
- Client News
Suncor Energy Closes Cdn$2.9 Billion Equity Offering
Paul, Weiss client Suncor Energy Inc., Canada's leading integrated energy company, completed a Cdn$2.9 billion public offering of 82,225,000 common shares.
WestJet Airlines Closes $400 Million Bond Offering
- Jun 16, 2016
- Client News
WestJet Airlines Closes $400 Million Bond Offering
Paul, Weiss advised new client WestJet Airlines Ltd., a leading high value Canadian airline, in connection with its issuance of $400 million aggregate principal amount of 3.50% senior notes due 2021.
Debut Senior Debt Offering and Hybrid Debt Offering Launched by London Team
- Jun 08, 2016
- Client News
Debut Senior Debt Offering and Hybrid Debt Offering Launched by London Team
Despite uncertain market conditions in the London market, Paul, Weiss client Swiss Re Admin Re Limited, a leading U.K.-based acquirer and consolidator of closed books of in-force life and health insurance business and a…
Dana Closes Senior Notes Offering
- May 27, 2016
- Client News
Dana Closes Senior Notes Offering
Paul, Weiss client Dana Holding Corporation, a worldwide supplier of auto parts, closed a private offering by its wholly owned subsidiary, Dana Financing Luxembourg S.à r.l., of $375 million in aggregate principal amount of…
Mott MacDonald Unwinds Joint Venture With Hatch
- May 23, 2016
- Client News
Mott MacDonald Unwinds Joint Venture With Hatch
Paul, Weiss client Mott MacDonald Group, a leading global management, engineering and development consultancy group headquartered in the U.K., unwound its joint venture with Hatch, a global multidisciplinary management,…
KPS Portfolio Company to Acquire Whitepath Fab Tech
- May 16, 2016
- Client News
KPS Portfolio Company to Acquire Whitepath Fab Tech
Paul, Weiss client KPS Capital Partners announced that its portfolio company, Electrical Components International, Inc. (ECI), has agreed to acquire Whitepath Fab Tech, Inc., a leading North American supplier of control boxes,…
Sprott Physical Silver Trust Completes Public Offering in U.S. and Canada
- Apr 18, 2016
- Client News
Sprott Physical Silver Trust Completes Public Offering in U.S. and Canada
Sprott Physical Silver Trust, a Canadian trust that invests in physical silver bullion and trades on NYSE Arca and the Toronto Stock Exchange, completed a public offering of 14,145,000 units in the United States and Canada for…
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…
Repsol Completes Debt Tender Offer for U.S. Dollar Bonds
- Mar 23, 2016
- Client News
Repsol Completes Debt Tender Offer for U.S. Dollar Bonds
Paul, Weiss client Repsol Oil & Gas Canada Inc., a Canadian upstream oil and gas company, announced an any-and-all tender offer to repurchase its 7.75% senior notes due 2019, 3.75% senior notes due 2021, 7.25% debentures due…
Client Memo: New Sun Capital Ruling Considers ERISA Obligations of Private
- Apr 05, 2016
- Publications
Client Memo: New Sun Capital Ruling Considers ERISA Obligations of Private
Private equity funds should consider the impact of a March 28 lower court decision in the Sun Capital case, which may increase the risk that funds will be held responsible for ERISA obligations of portfolio companies.
TransCanada Completes Largest Share Sale in Canadian History
- Apr 01, 2016
- Client News
TransCanada Completes Largest Share Sale in Canadian History
TransCanada Corporation completed a public offering in the United States and Canada of subscription receipts for gross proceeds of approximately Cdn$4.42 billion.
Enbridge Completes $2.3 Billion Public Offering in United States and Canada
- Mar 01, 2016
- Client News
Enbridge Completes $2.3 Billion Public Offering in United States and Canada
Enbridge Inc., a Canadian company that operates the world's longest crude oil and liquids transportation system, completed a public offering of 56,511,000 common shares in the United States and Canada for gross proceeds of…
Manulife Completes $1.75 Billion Senior Notes Offering
- Mar 04, 2016
- Client News
Manulife Completes $1.75 Billion Senior Notes Offering
Manulife Financial Corporation, a leading international financial services group, completed a public offering of $1 billion aggregate principal amount of 4.150% senior notes due 2026 and $750 million aggregate principal amount of …
Sprott Asset Management Completes Acquisition of Central GoldTrust
- Jan 18, 2016
- Client News
Sprott Asset Management Completes Acquisition of Central GoldTrust
Paul, Weiss client Sprott Asset Management LP, a Toronto-based alternative asset manager, announced the completion of its unsolicited takeover bid to acquire all of the outstanding units of Central GoldTrust in exchange for units …
Cobre del Mayo Closes Debt Exchange Offer
- Feb 09, 2016
- Client News
Cobre del Mayo Closes Debt Exchange Offer
Paul, Weiss client Cobre del Mayo, S.A. de C.V., a Mexican copper mining company, closed its debt exchange offer and consent solicitation in which $205.4 million of its old 10.75% senior notes due 2018 were exchanged for $118.1…
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.
Nippon Steel to Enhance Strategic Partnership With Vallourec
- Feb 01, 2016
- Client News
Nippon Steel to Enhance Strategic Partnership With Vallourec
As reported in The Wall Street Journal, Bloomberg, Reuters and other media outlets, Paul, Weiss client Nippon Steel & Sumitomo Metal Corporation (NSSMC) announced that it has agreed to increase its stake…
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…
KPS Capital Partners to Sell Motor Coach Industries for $480 Million
- Nov 10, 2015
- Client News
KPS Capital Partners to Sell Motor Coach Industries for $480 Million
Paul, Weiss client KPS Capital Partners, LP announced that it had agreed through an affiliate to sell its portfolio company Motor Coach Industries International, Inc., a leading manufacturer of intercity coaches in the U.S. and…
Swiss Re Completes Debut Debt Offering
- Nov 06, 2015
- Client News
Swiss Re Completes Debut Debt Offering
Paul, Weiss client Swiss Re Ltd, the holding company for the Swiss Re Group, entered into a novel funding arrangement under which it has secured the right to access up to $700 million of funding at current interest rates, which…
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…
CPI Card Group Closes IPO
- Oct 15, 2015
- Client News
CPI Card Group Closes IPO
CPI Card Group Inc., a leading provider of comprehensive financial payment card solutions in North America, closed its initial public offering of 17,250,000 shares of common stock at an initial offering price of $10 per share,…
Arrow Global Completes High Yield Bond Offering
- Sep 28, 2015
- Client News
Arrow Global Completes High Yield Bond Offering
Paul, Weiss client Arrow Global Group PLC, through a finance subsidiary, closed a tap issuance of €110 million principal amount of senior secured floating rate notes due 2021.
Deep Eddy Vodka to Be Acquired by Heaven Hill
- Aug 20, 2015
- Client News
Deep Eddy Vodka to Be Acquired by Heaven Hill
Heaven Hill Brands, the nation's largest family-owned and family-operated distilled spirits supplier, has entered into a definitive agreement to acquire Paul, Weiss client Deep Eddy Vodka, one of the fastest-growing spirits…
Cable & Wireless Communications Completes $750 Million High Yield Bond Offering
- Aug 05, 2015
- Client News
Cable & Wireless Communications Completes $750 Million High Yield Bond Offering
Paul, Weiss client Cable & Wireless Communications Plc, a telecommunications services provider operating in 43 countries, principally in the Caribbean and Latin America, issued $750 million 6.875% senior notes due 2022 through a…
OceanaGold to Acquire Romarco Minerals for Cdn$856 Million
- Jul 30, 2015
- Client News
OceanaGold to Acquire Romarco Minerals for Cdn$856 Million
Paul, Weiss client Romarco Minerals Inc. announced that it had entered into a definitive agreement to be acquired by OceanaGold Corporation in a deal valued at approximately Cdn$856 million.
Sterling Group Holds Closing of $1.2 Billion Buyout Fund
- Jul 27, 2015
- Client News
Sterling Group Holds Closing of $1.2 Billion Buyout Fund
Paul, Weiss client The Sterling Group, L.P. announced the closing of Sterling Group Partners IV, a fund with aggregate investor commitments of $1.25 billion that will primarily target corporate carve-outs and family businesses in …
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…
A&E Closes Dividend Recapitalization
- Jul 16, 2015
- Client News
A&E Closes Dividend Recapitalization
Paul, Weiss client American & Efird LLC (A&E) closed on a dividend recapitalization, comprising a $175 million term loan, a €31.9 million term loan and a $65 million revolving facility, with a syndicate of banks led by…
Cologix, Inc. Closes $255 Million in Credit Facilities
- Jul 20, 2015
- Client News
Cologix, Inc. Closes $255 Million in Credit Facilities
Paul, Weiss client Cologix, Inc. and its affiliate Cologix Canada, Inc. closed first and second lien financing facilities aggregating $255 million in credit.
Fiskars Completes Acquisition of WWRD
- Jul 02, 2015
- Client News
Fiskars Completes Acquisition of WWRD
Paul, Weiss client KPS Capital Partners announced it has completed the sale of its portfolio company, WWRD Holdings Limited, to Fiskars Corporation, a leading consumer goods company. With the closing of the acquisition, Fiskars…
ATS Automation Tooling Systems Closes $250 Million Offering of Senior Notes
- Jun 17, 2015
- Client News
ATS Automation Tooling Systems Closes $250 Million Offering of Senior Notes
Paul, Weiss client ATS Automation Tooling Systems Inc., a leading provider of automated manufacturing and assembly systems, closed an offering of $250 million of its 6.5% senior notes due 2023. The offering was made pursuant to…
Paramount Resources Closes $450 Million Senior Notes Offering
- Jun 05, 2015
- Client News
Paramount Resources Closes $450 Million Senior Notes Offering
Paramount Resources Ltd., a Canadian energy corporation that explores for and develops conventional petroleum and natural gas prospects, closed an offering of $450 million of its 6.875% senior unsecured notes due 2023.
Shopify Closes IPO
- May 27, 2015
- Client News
Shopify Closes IPO
Shopify Inc., a leading cloud-based commerce platform designed for small and medium-sized businesses, closed its initial public offering of 8,855,000 Class A subordinate voting shares at an initial offering price of $17 per…
May 2015 Private Equity Digest
- May 21, 2015
- Publications
May 2015 Private Equity Digest
In this edition of the Paul, Weiss Private Equity Digest, we look at (i) using management vehicles to structure profit interests and (ii) newly issued Section 162(m) rules relating to post-IPO transitions.
KPS Capital Partners to Sell WWRD to Fiskars Corporation
- May 11, 2015
- Client News
KPS Capital Partners to Sell WWRD to Fiskars Corporation
Paul, Weiss client KPS Capital Partners, LP announced that it has signed a definitive agreement, through an affiliate, to sell its portfolio company WWRD Holdings Ltd. to Fiskars Corporation for $437 million in cash, subject to a …
Taylor Morrison Closes Senior Notes Offering
- Apr 16, 2015
- Client News
Taylor Morrison Closes Senior Notes Offering
Paul, Weiss client Taylor Morrison Home Corporation, a leading builder of single-family homes and developer of lifestyle and master-planned communities, announced the issuance of $350 million aggregate principal amount of 5.875%…
Shawbrook Bank Closes IPO
- Apr 08, 2015
- Client News
Shawbrook Bank Closes IPO
Shawbrook Group plc completed its listing on the London Stock Exchange and closed its initial public offering. Shawbrook is an independent specialist lending and savings bank serving U.K.-based small and medium sized enterprises…
Baytex Energy Closes Cdn$632.5 Million Public Offering
- Apr 02, 2015
- Client News
Baytex Energy Closes Cdn$632.5 Million Public Offering
Paul, Weiss client Baytex Energy Corp., a dividend-paying oil and gas corporation based in Calgary, Alberta, completed a public offering in Canada and the United States of 36.5 million common shares at Cdn$17.35 per share,…
Swiss Re Refinances Hybrid Debt
- Mar 31, 2015
- Client News
Swiss Re Refinances Hybrid Debt
Paul, Weiss client Swiss Reinsurance Company Ltd. has closed a refinancing of hybrid debt, which involved the issuance in the Regulation S market of €750 million of perpetual subordinated notes through a repackaging vehicle, ELM…
TransCanada PipeLines Completes $750 Million Offering in Taiwan
- Mar 31, 2015
- Client News
TransCanada PipeLines Completes $750 Million Offering in Taiwan
TransCanada PipeLines Limited completed an offering in Taiwan of $750 million aggregate principal amount of its 4.60% senior notes due 2045. TransCanada PipeLines is a Canadian company that operates primarily in three business…
Cable & Wireless Acquires Columbus International for $1.85 Billion
- Mar 31, 2015
- Client News
Cable & Wireless Acquires Columbus International for $1.85 Billion
Paul, Weiss client Cable & Wireless Communications Plc, a telecommunications services provider operating in 17 countries throughout the Caribbean, Latin America and the Seychelles, completed the acquisition of Columbus…
TELUS Closes Cdn$1.75 Billion Offering of Debt Securities
- Mar 27, 2015
- Client News
TELUS Closes Cdn$1.75 Billion Offering of Debt Securities
Paul, Weiss client TELUS Corporation, Canada's fastest-growing national telecommunications company, completed a public offering in the United States and Canada of Cdn$1.75 billion of debt securities in three tranches: Cdn$250…
Arrow Global Completes Consent Solicitation
- Mar 20, 2015
- Client News
Arrow Global Completes Consent Solicitation
Paul, Weiss client Arrow Global Group PLC announced the completion of its wholly owned subsidiary's consent solicitation, launched on March 9 and supplemented on March 17, seeking the consent of holders of Arrow Global Finance's…
Silver Wheaton Closes $800 Million Public Offering
- Mar 17, 2015
- Client News
Silver Wheaton Closes $800 Million Public Offering
Paul, Weiss client Silver Wheaton Corporation, a mining company that is headquartered in Vancouver, British Columbia and generates revenue from the sale of silver and gold, completed a public offering in Canada and the United…
KPS Portfolio Company IES Acquires Kodiak
- Mar 02, 2015
- Client News
KPS Portfolio Company IES Acquires Kodiak
Paul, Weiss client KPS Capital Partners, LP announced that its portfolio company International Equipment Solutions, LLC (IES) has acquired, through a wholly owned subsidiary, Kodiak Mfg. Inc. This is the fifth acquisition by IES…
TransCanada PipeLines Completes $750 Million Public Offering
- Jan 12, 2015
- Client News
TransCanada PipeLines Completes $750 Million Public Offering
TransCanada PipeLines Limited completed a public offering in the United States for gross proceeds of approximately $750 million, including $500 million aggregate principal amount of its 1.875% senior notes due 2018 and $250…
Roark Capital Closes Fund IV at $2.5 Billion
- Jan 12, 2015
- Client News
Roark Capital Closes Fund IV at $2.5 Billion
Paul, Weiss client Roark Capital Group, an Atlanta-based private equity firm, announced the closing of Roark Capital Partners IV LP, with $2.5 billion in total investor limited partner commitments. Fund IV closed at its hard cap.
…Taylor Morrison Announces Agreement to Sell Canadian Business to Mattamy Homes
- Dec 16, 2014
- Client News
Taylor Morrison Announces Agreement to Sell Canadian Business to Mattamy Homes
As reported in The Wall Street Journal and other media outlets, Paul, Weiss client Taylor Morrison Home Corporation announced that its subsidiary has entered into a definitive agreement to sell Monarch Corporation, its Canadian…
Awards & Recognition
KPS Capital Wins Buyouts “Deal of the Year” Award
- Mar 21, 2017
- Awards
KPS Capital Wins Buyouts “Deal of the Year” Award
Paul, Weiss client KPS Capital Partners LP has earned a Buyouts “Deal of the Year” award for KPS’s $1 billion-plus sale of its portfolio company Anchor Glass Container Corporation to BA Glass B.V. and funds advised by CVC Capital…
KPS Capital Wins Two Buyouts “Deal of the Year” Awards
- Mar 24, 2015
- Awards
KPS Capital Wins Two Buyouts “Deal of the Year” Awards
Paul, Weiss client KPS Capital Partners LP has earned two Buyouts "Deal of the Year" awards for three of the past four years. KPS's $1.44 billion sale of Waupaca Foundry to Hitachi Metals was named the 2015 "Deal of the …
Chambers USA 2013 Ranks Paul, Weiss Highly
- Jun 07, 2013
- Awards
Chambers USA 2013 Ranks Paul, Weiss Highly
District of Columbia: Antitrust, Joseph J Simons, Kenneth A Gallo, Litigation: General Commercial