Stephen H. Butler - Associate

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Stephen H. Butler

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Chicago
Phone: +1 312-862-3069
Fax: +1 312-869-2200
Overview News Events Publications

Professional Profile

Stephen Butler is a tax attorney in the Chicago office of Kirkland & Ellis LLP. His practice focuses on the tax aspects of complex business transactions and reorganizations, with a particular concentration on private equity and real estate fund formation, infrastructure and renewable energy investments, real estate joint ventures, mergers and acquisitions, and bankruptcy restructurings. Additionally, Stephen served a two year term as a member of the Firm's Chicago Associates Committee.


Representative Matters

Landmark Partners in connection with its secondary purchase, together with Tailwater Capital, of HM Capital's energy investment portfolio.

MSR Resort Golf Course LLC in tax aspects of its Chapter 11 reorganization. MS Resorts invested in, owned, and operated five iconic luxury resort properties with related real estate properties and amenities, including: the Grand Wailea Resort Hotel & Spa; the La Quinta Resort & Club and PGA West; the Arizona Biltmore Resort & Spa; the Doral Golf Resort & Spa; and the Claremont Hotel Club & Spa. As of the commencement of its Chapter 11 cases, MS Resorts reported approximately $2.2 billion in consolidated assets and $1.9 billion in consolidated liabilities.

Sumitomo Corp. of America's acquisition from a subsidiary of General Electric of a 25 percent stake in the $2 billion 550 megawatt Desert Sunlight Solar Farm.

KKR Financial Holdings LLC in its $196 million acquisition with YTC Pacific of Yorktown Center, a 1.5 million-square-foot mall with more than 150 stores in the Chicago area.

Nebraska Book Company, Inc. and certain of its affiliates in tax aspects of their pre-arranged Chapter 11 cases. Nebraska Book Company, Inc. is one of the leading providers of new and used textbooks for college students throughout the United States.

Sumitomo Corp. of America's acquisition of a 50 percent interest in the Ironwood and Cimarron II wind projects from Duke Energy Renewables.

Tronox Incorporated, a leading manufacturer and marketer of titanium dioxide pigment, electrolytics and specialty chemicals, in its $3.4 billion acquisition of the South African and Australian mineral sands business of Exxaro Resources Ltd. of South Africa.

YRC Worldwide, Inc. in its out-of-court restructuring, including its registered exchange offer for outstanding debt securities (2010).

Tronox Incorporated and its affiliates in their Chapter 11 cases.

Obtained IRS private letter rulings on novel category of qualifying REIT assets and tax treatment of bankruptcy trusts.

$2.1 billion REIT formation in electricity and gas transmission and distribution industry.

Formation of joint venture between two sovereign wealth funds and U.S. operating partner for acquisition, redevelopment and new development of urban in-fill retail properties.

U.S. private equity fund in connection with the $1.6 billion acquisition of a 90% stake in seven non-core shopping centers in U.S. from one of the world’s largest shopping center owners and managers.

U.S. private equity fund in connection with the acquisition of three shopping malls located in California, Montana and Washington.

Investor's acquisition of a 50% economic interest in a Minnesota wind power project.


Memberships & Affiliations

Associates Board, Ladder Up Tax Assistance Program

Young Professionals Ambassador, Chicago Council on Global Affairs

Yale Club of Chicago, Board of Directors (2010-2013)

Evening Associates of the Art Institute of Chicago, Board of Directors (2011-2012)

Urban Land Institute

American Bar Association

Chicago Bar Association

Illinois State Bar Association


Other Distinctions

Recipient, Kirkland & Ellis Pro Bono Service Award


Publications

Martin D. Ginsburg & Jack S. Levin, Mergers, Acquisitions, and Buyouts (updated semi-annually) (contributor)

Stephen Butler, Comment, Headwinds to a Clean Energy Future: Nuisance Suits Against Wind Power Projects in the United States, 97 Cal. L. Rev. 1337 (2009).

Stephen Butler, In Brief, Center for Biological Diversity v. Hamilton: Eviscerating the Citizen Suit Provision of the Endangered Species Act?, 34 Ecology L.Q. 1137 (2007).


Seminars

"Canadians on the Offensive — Tax Efficient Investments into U.S. Real Estate Markets," NAIOP Commercial Real Estate Development Association Webinar (2014)

"Charity Checkpoints — Legal Steps to Forming a 501(c)(3) in Illinois," The Law Project Emerging Nonprofit Certificate of Training Program (2014)

"Drafting Tax and Economic Provisions in a Partnership or LLC Agreement," Chicago Bar Association, Committee on Business Law — Documentation Best Practices (2013)

"FATCA — A Survival Guide for Derivatives Practitioners," Chicago Bar Association, Futures and Derivatives Committee (2012)


Prior Experience

Simpson Thacher & Bartlett LLP (Summer 2008)

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