Alborz Tolou

Hybrid Capital

Represented private equity funds in numerous hybrid capital transactions, preferred and holdco notes financing transactions, including:

• Bain Capital and Vista Equity Partners-backed CentralSquare Technologies’ $330 million preferred equity financing
• Bain Capital’s preferred equity investments in Virgin Voyages
• Bain Capital-backed ITP Aero’s €375 million preferred equity financing
• Blackstone’s $600 million convertible preferred investments in APi Group Corporation (NYSE: APG)
• Clearlake and Vista Equity Partners-backed EagleView’s $200 million preferred equity financing
• Cinven-backed Netceed’s €325 million preferred equity financing
• Daseke, Inc.’s (Nasdaq: DSKE) $68 million preferred equity financing
• GI Partners-backed Togetherwork’s $180 million preferred equity financing
• GI Partners-backed Togetherwork’s $53 million preferred equity financing
• Guitar Center’s holdco notes financing
• Hg Capital and TA Associates-backed insightsoftware in numerous preferred equity financings
• KKR-backed Global Medical Response’s $950 million preferred equity financing
• Sterling Partners-backed Black Rifle Coffee Company’s $150 million preferred equity financing
• Stone Point Capital-backed Kestra Holdings’ $300 million preferred equity financing
• StubHub in numerous preferred equity financings for more than $500 million
• Vista Equity Partners-backed Finastra’s hybrid capital financings
• Vista Equity Partners-backed LogicMonitor’s $800 million equity and strategic financing
• Warren Equity-backed Meridian Waste’s $135 million holdco notes financing

Liability Management Exercises and Comprehensive Refinancing Transactions

Represented private equity funds and corporate issuers in some of the most complex, cutting-edge and novel liability management exercises and private credit financings completed in recent years, including:

• Associated Materials’ recapitalization transactions
• Bed Bath & Beyond’s equity derivatives financing transaction
• Clearlake Capital and Vista Equity Partners-backed EagleView Technologies’ comprehensive refinancing transaction
• Clearlake Capital-backed Alkegen’s comprehensive refinancing transaction
• Clearlake Capital-backed Springs Window Fashions’ comprehensive refinancing transaction
• Invacare Corporation’s (NYSE: IVC) refinancing transactions and liability management exercise
• KKR-backed Global Medical Response’s comprehensive liability management exercise
• Macy’s Inc.’s COVID financing transactions and exchange offers
• Radiology Partners, Inc.’s comprehensive liability management exercise
• Stonepeak-backed Astound Broadband’s comprehensive refinancing transaction
• Vista Equity Partners-backed Finastra’s comprehensive refinancing transaction
• WeWork Inc.’s (NYSE: WE) comprehensive restructuring and liability management exercise

High Yield Bond Offerings

Represented private equity funds and corporate issuers in more than 50 high-yield senior notes, senior secured notes and convertible notes offerings, including:

• 3G Capital’s Skechers
• Avis Budget Group, Inc. (Nasdaq: CAR)
• Bain Capital’s Aveanna Healthcare LLC
• Bain Capital’s Rocket Software Inc.
• CoreWeave, Inc. (Nasdaq: CRWV)
• EQT Group’s Covanta Holding
• Invacare Corporation
• Lone Star’s AOC Resins
• Lone Star’s SPX Flow
• Lone Star’s Victra
• Macy’s, Inc. (NYSE: M)
• Marriott Vacations Worldwide Corporation (NYSE: VAC)
• Nexstar Media Group (Nasdaq: NXST)
• Powdr Corp.
• Radiology Partners, Inc.
• Restaurant Brands International Inc. (NYSE: QSR)
• Univar Solutions (NYSE: UNVR)
• Warburg Pincus’ Allied Universal
• WeWork Inc. (NYSE: WE)
• Windstream Holdings

Initial Public Offerings and Other Equity Offerings

Represented private equity funds and corporate issuers in numerous initial public offerings and other equity offerings, including:

• Avis Budget Group’s at-the-market offering programs (Nasdaq: CAR)
• Bain Capital-backed Aveanna Healthcare’s initial public offering (Nasdaq: AVAH)
• Shoals Technologies’ primary and secondary registered offerings of common stock (Nasdaq: SHLS)
• TotalEnergies Solar’s registered secondary offering of Maxeon Solar Technologies’ ordinary shares (Nasdaq: MAXN)
• WEBTOON Entertainment’s initial public offering (Nasdaq: WBTN)
• Wynn Resorts’ primary offering of common stock (Nasdaq: WYNN)

Chapter 11 Cases and Other Restructuring

Represented private equity funds and corporate issuers in numerous Chapter 11 cases and other restructuring transactions, including:

• Acosta, Inc.’s prepackaged Chapter 11 cases
• Bed Bath & Beyond’s Chapter 11 cases
• Honeywell International in connection with Garrett Motion’s Chapter 11 cases
• Intelsat S.A.’s Chapter 11 cases
• Invacare Corporation’s prearranged Chapter 11 cases
• Nordic Aviation Capital’s prearranged Chapter 11 cases
• WeWork’s Chapter 11 cases

Mergers and Acquisitions and Other Investments

Represented private equity funds and corporate issuers in numerous merger and acquisition transactions, spin-offs, de-SPACs and other investments, including:

• Advent International and Partner Group-backed GlobalLogic’s $9.5 billion sale to Hitachi
• Bain Capital’s €1.7 billion acquisition of ITP Aero from Rolls-Royce
• Bain Capital’s investment in Greenphire and Suvoda
• Bain Capital-backed Rocket Software’s $2.275 billion acquisition of the AMC Business of OpenText
• Black Rifle Coffee Company’s $1.7 billion business combination (SPAC) with SilverBox Engaged Merger Corp I
• Bristol Myers Squibb’s $90 billion acquisition of Celgene Corporation and $13.4 billion divesture of Celgene’s OTEZLA® program to Amgen
• CC Capital-backed Collier Creek Holdings’ (SPAC) business combination with Utz
• EW Healthcare Partners’ proposed acquisition of TherapeuticsMD, Inc. (Nasdaq: TXMD)
• Galaxy Digital Holdings’ (TS: GLXY) acquisition of the Helios bitcoin mining facility from Argo Blockhain PLC (Nasdaq: ARBK)
• Greenoaks Capital’s investment in Farfetch
• Kimberly-Clark (NYSE: KMB) on a strategic partnership with Suzano (NYSE: SUZ) at a $3.4 billion enterprise value
• Nestwave SAS’ sale to NextNav Inc. (Nasdaq: NN)
• Safehold Inc.’s special committee (NYSE: SAFE) in connection with a strategic combination with iStar Inc. (NYSE: STAR)
• SK Capital Partners’ purchase of Huntsman’s shares in Venator Materials PLC (NYSE: VNTR)
• Wynn Interactive’s proposed $3.2 billion business combination with Austerlitz Acquisition Corporation I (SPAC)