Deidre Kalenderian is a partner in the Executive Compensation Group. She advises public and private companies, private equity sponsors, corporate boards and compensation committees, senior management teams, and individual executives on the executive compensation and benefits aspects of day-to-day operations, as well as in connection with public and private company mergers, acquisitions, divestitures, spin-offs, carve-outs, IPOs, restructurings and other corporate transactions.
Deidre routinely advises clients on the structuring, negotiation, and implementation of employment, severance, change in control, deferred compensation and equity-based incentive compensation arrangements, as well as the securities, accounting, tax and governance matters related to these arrangements.
Prior to joining Paul, Weiss, Deidre’s experience includes:
Private M&A
- Apax Partners:
- in its$400 million investment in Verint® Systems
- in its acquisition of Lexitas
- Kepro in its merger with CNSI
- Lexitas in its acquisition of Registered Agent Solutions
- Intelsat in its $400 million acquisition of the commercial aviation business of Gogo
- Appfire and TA Associates in the $100 million investment in Appfire by TA Associates
- Arbor Investments in its acquisition of Dr. G’s Creations
- Bain Capital:
- in its $5.3 billion acquisition of Guidehouse from Veritas Capital
- Diversey in the sale of Diversity to Solenis for $4.6 billion
- Bain Capital Double Impact in its investment in Meteor Education
- Bain Capital Tech Opportunities in its investment in When I Work
- Bain Capital Private Equity:
- and its portfolio company, Blue Nile in connection with its sale to Signet Jewelers
- and its portfolio company, Blue Nile, in Blue Nile’s proposed de-SPAC business combination with Mudrick Capital Acquisition Corporation II
- in its acquisition of a majority stake in LeanTaaS Holdings
- in its acquisition of Harrington Process Solutions from Nautic Partners
- and US LBM in the sale of a stake in US LBM, a provider of building materials, to Platinum Equity
- BC Partners in its acquisition of a majority stake in Madison Logic
- Blackstone in its combined $800 million investment, along with Viking Global Investors, in Api’s acquisition of Chubb Fire & Security
- CapVest Partners in its acquisition of Datasite Global Corporation
- CarepathRx Holding Company in its agreement to sell BioPlus Specialty Pharmacy to Elevance Health
- Carlyle in its acquisition of Every Man Jack
- Chantecaille on its acquisition by Beiersdorf
- Cinven in its:
- investment in BioAgilytix
- significant investment in Nitel
- Clayton, Dubilier & Rice in its $2.3 billion acquisition of Veritiv
- Clearhaven Partners in its acquisition of TimeTrade Systems
- CoreLogic, a portfolio company of Stone Point Capital and Insight Partners, in its acquisition of Next Gear Solutions
- Crescent Point Capital in the acquisition of the Crescent Point Capital platform by Ares Management
- Frontline Education, a portfolio company of Thoma Bravo, in its $3.725 billion sale to Roper Technologies
- Garnett Station Partners in its acquisition of Firebirds Wood Fired Grill
- GeoLinks in its investment from JLC Infrastructure
- GTCR in its:
- pending acquisition of a majority stake in Worldpay from FIS
- investment in Visionary Broadband
- Hellman & Friedman in their definitive agreement to jointly acquire athenahealth for $17 billion
- LandCare in its acquisition of LandCare from Aurora Resurgence
- L Catterton:
- and its portfolio company Airxcel in the $750 million sale of Airxcel’s RV Group to THOR Industries
- in its $200 million investment in ICON Health & Fitness
- in its $100 million investment in Boll & Branch
- in the sale of AirX Climate Solutions to Gryphon Investors
- in the $355 million capital raise for iFIT Health & Fitness
- in its investment in the Series E funding round of ClassPass
- Madison Dearborn Partners:
- and Thoma Bravo in their $1.4 billion sale of Syntellis Performance Solutions to Roper Technologies where it will be combined with Roper’s Strata Decision Technology business
- and Ampersand Capital Partners backed Alcami in its sale to GHO Capital Partners and The Vistria Group
- in its investment in Carnegie Learning
- MSD Partners on its investment in Woolpert
- Nautic Partners and portfolio company CarepathRx in its:
- partnership with University of Pittsburgh Medical Center’s (UPMC) Chartwell Specialty Pharmacy and Home Infusion Subsidiary
- strategic partnership with and investment by Evernorth Health Services, a subsidiary of The Cigna Group
- One Equity Partners in its acquisition of American Medical Technologies
- Parthenon in the sale of its portfolio company Allworth Financial Group to Lightyear Capital and Ontario Teachers’ Pension Plan Board
- Partners Group on its significant equity investment in EyeCare Partners
- PathGroup in its majority investment from GTCR
- A private equity firm in its simultaneous acquisitions of pharmacy solutions entities
- Silver Lake and Sixth Street Partners in the $1 billion investment in Airbnb
- Silversmith Capital Partners:
- in the $104 million growth investment in Impel
- in its $60 million minority investment in Microblink
- in its strategic investment in Appfire Technologies
- and DistroKid on the investment from Insight Partners, valuing DistroKid at $1.3 billion
- Smile Doctors, a portfolio company of Linden Capital Partners, in its investment by THL Partners
- Summit Partners:
- in its significant investment in Redzone Production Systems
- in its sale of Teaching Strategies to KKR
- and a.k.a. Brands Holding on Fashion IPO
- InnovaCare Health in its sale of MMM Holdings and its Medicare Advantage plan MMM Healthcare to Anthem
- Sycamore Partners in its acquisition of:
- Azamara Club Cruises
- The Pacific Princess from Carnival Corporation
- The Goddard School business from Wind River Holdings
- Tacombi in its funding round led by Enlightened Hospitality Investments, the growth equity fund affiliated with Danny Meyer’s Union Square Hospitality Group
- Technology Crossover Ventures in its $1.2 billion sale of its portfolio company ETQ
- THL Partners:
- in its acquisition of Odessa
- AmeriLife Group in its partial sale to Genstar Capital Partners
- Thoma Bravo in its:
- sale of a majority stake in Nintex to TPG Capital
- acquisition of Instructure
- strategic growth investment of Circle Cardiovascular Imaging
- TPG Capital:
- in its investment in LifeStance Health
- The Rise Fund in its investment in Banyan Treatment Centers
- Two Sigma Impact and BayPine in the acquisition of Penn Foster
- Waud Capital Partners in its $2.2 billion sale of its minority stake in GI Alliance to Apollo and GI Alliance’s physician owners
- Windjammer Capital:
- and Summit Partners in the $2 billion combination of Parts Town and Heritage Foodservice Group
- in its sale of Advanced Instruments to Patricia Industries, a part of Investor AB
- Wind Point and its portfolio company Voyant Beauty Holdings in their agreement to acquire the KIK Personal Care Business from KIK Custom Products
Public M&A
- AbbVie in its acquisition of Soliton
- Alamo on its carveout sale of Pressure Pumping Business to NexTier for $268 million plus earn-out
- Bristol-Myers Squibb in its $13.4 billion divestiture of Celgene’s OTEZLA® program to Amgen, in relation to its $90 billion acquisition of Celgene
- Colgate Energy Partners III in its $3.9 billion merger of equals with Centennial Resource Development to create the largest pure-play E&P in the Delaware Basin
- Engineered Controls in its $631 million acquisition by Dover
- Genius Sports Group Limited in its $1.5 billion business combination with dMY Technology Group, Inc. II
- Humana in its acquisition of EliteHealth Medical Practice and related businesses
- Indigo Natural Resources in its $2.7 billion merger with Southwestern Energy Company
- LeanTaaS in its acquisition of Hospital IQ
- MultiPlan Corporation in its $160 million acquisition of Benefits Science
Restructurings
- Acosta in its prepackaged restructuring of $3 billion of indebtedness. Acosta’s Chapter 11 plan was confirmed by the United States Bankruptcy Court for the District of Delaware just 15 days after the bankruptcy filing
- Ascena Retail Group and its affiliates in their pre-arranged Chapter 11 cases in the United States Bankruptcy Court of the Eastern District of Virginia
- An ad hoc group of unsecured noteholders in the Chapter 11 cases of Bristow Group and its affiliated debtors in the United States Bankruptcy Court for the Southern District of Texas
- Cineworld Group and 104 of its debtor affiliates in their Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas
- Dura Automotive Systems and certain of its subsidiaries in their Chapter 11 cases
- Hornbeck Offshore Services and its affiliates, in its Chapter 11 restructuring in the United States Bankruptcy Court for the Southern District of Texas
- Ideal Image, a portfolio company of L Catterton, on a refinancing and related corporate reorganization and leveraged recap transactions
- Intelsat and certain of its affiliates in connection with their Chapter 11 cases in the U.S. Bankruptcy Court for the Eastern District of Virginia. Intelsat had approximately $14.7 billion in funded debt as of its Chapter 11 filing
- Jason Industries and its subsidiaries in their Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York
- J.C. Penney Company and its affiliates in their prearranged Chapter 11 cases
- Just Energy Group in its Chapter 15 proceedings in the U.S. to recognize proceedings commenced in Canada under the Companies’ Creditors Arrangement Act (CCAA)
- PGX Holdings and its subsidiaries in an out-of-court restructuring transaction that extended the maturity of PGX’s funded debt by three years, raised new capital, and maintained the equity stake of its sponsor
- Pipeline Health System and 32 of its subsidiaries on their Chapter 11 cases and in related litigation proceedings
- Rite Aid and 119 of its affiliates in their prearranged Chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey
- Rock Mountain Capital in the recapitalization of Spark Orthodontics
- WeWork and its debtor affiliates in their Chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey
Capital Markets
- Diversey Holdings, a portfolio company of Bain Capital Private Equity, in its initial public offering reflecting a valuation of $6.4 billion
- Innovage Holding in its $400 million initial public offering
- Leslie’s in its initial public offering
