Rachel Phillips is a partner in the Capital Markets Group. Rachel’s practice encompasses a wide range of capital markets transactions, including initial public offerings, follow-on offerings, debt offerings and mergers and acquisitions. She represents public companies, private equity sponsors and their portfolio companies, underwriters and selling shareholders in their most critical and challenging transactions and governance issues. She also advises issuers in Canada and other countries on listing and offering securities
in the United States.
Rachel is recognized in Legal 500 (2023-2026) and in IFLR100 (2023-2026). She was named a New York Super Lawyers “Rising Star” (2016-2019).
Prior to Paul, Weiss, Rachel’s experience includes:
Initial Public Offerings
- Bob’s Discount Furniture in its $330 million IPO
- The underwriters in the $832 million IPO of Accelerant Holdings
- The underwriters in the $325 million IPO of EverCommerce
- The underwriters in the $511 million IPO of Endeavor Group Holdings
- Hayward Industries in its $685 million IPO
- The underwriters in the $690 million IPO of Diversey Holdings
- Baring Private Equity Asia, now EQT Asia, as a selling stockholder in the C$1.36 billion IPO of TELUS International
- Foghorn Therapeutics in its $120 million IPO
- The underwriters in the $3.3 billion IPO of Avantor
- The underwriters in the $152 million IPO of Bain Capital Specialty Finance
- Canada Goose Holdings in its C$240 million crossborder IPO
- DAVIDsTEA in its $96 million IPO
- Trinseo S.A. in its $219 million IPO
- Acceleron Pharma in its $83 million IPO
- BRP in its initial U.S. listing on the New York Stock Exchange
- Bright Horizons Family Solutions in its $220 million IPO
- Dunkin’ Brands in its $400 million IPO
Equity Offerings
- Foghorn Therapeutics in its:
- $50 million registered direct offering
- $110 million registered direct offering
- BRP in its:
- C$185 million block trade offering
- C$136 million block trade
- C$139 million secondary offering
- C$182 million block trade offering
- C$306 million offering
- Acceleron Pharma in its:
- $450 million follow-on offering
- $129 million follow-on offering
- $150 million follow-on offering
- The underwriters in three separate follow-on offerings for Avantor
- The underwriters in the $85 million follow-on offering of Kiniksa Pharmaceuticals
- Canada Goose Holdings in its:
- C$640 million secondary offering
- C$457 million secondary offering
- C$259 million secondary offering
- Bright Horizons Family Solutions in its:
- $257 million secondary offerings
- $280 million secondary offering
- Trinseo S.A. in $1.7 billion in secondary offerings
- Dunkin’ Brands in its:
- $775 million secondary offering
- $560 million secondary offering
Debt Offerings
- Tronox in its:
- $500 million senior notes offering
- $1.075 billion senior notes offering
- $400 million senior notes offering
- Trinseo S.A. in its:
- $397.5 million exchange offering
- $1.077 billion in secured notes offering
- Surgery Center Holdings in its $800 million high yield senior notes offering
- Baring Private Equity Asia, now EQT Asia, and Virtusa in their $300 million senior notes offering
Other Representations
- Longview Acquisition Corp., a special purpose acquisition company, in its $1.5 billion business combination with Butterfly Network, a digital health company
- Alibaba in connection with its $1.15 billion investment in Farfetch
- The lead dealer managers in the rights offering of Bain Capital Specialty Finance
