About
Sarah advises clients on a variety of tax matters in connection with domestic and cross-border transactions across a range of industries. In particular, she provides tax counsel to investment funds and their portfolio companies, as well as strategic clients, in the structuring and negotiation of taxable and tax-free mergers and acquisitions (both public and private), spin-offs, partnerships and joint ventures, debt restructurings, preferred equity investments and financing transactions.
Additionally, Sarah advises asset managers on tax structuring matters relating to the formation and operations of investment funds (including private equity and credit funds), as well as investors in connection with the structuring and acquisition of their investments in asset managers and investment funds.
- Banner Ridge on its $280m acquisition of LP interests in True Green Capital Fund III;
- Allwyn on its acquisition of a majority of PrizePicks for an enterprise value of up to $4.15bn;
- AURELIUS on acquiring Xylem’s smart metering business;
- Sanofi S.A. on its acquisition of Vigil Neuroscience, Inc.;
- KKCG Group on its acquisition of Antlers Ranch;
- USK Capital on its acquisition of Go Raw;
- Strava on its acquisition of Runna;
- PSP Investments on its strategic joint venture with Goldman Sachs Alternatives to invest in newly built single-family rental housing across Germany;
- Multiple sovereign wealth funds and government pension plans with respect to tax aspects of investments into private investment funds;
- State Street on its acquisition of Mizuho Financial Group’s securities services businesses in the US and Luxembourg;
- Apollo portfolio company, Accent Holdings L.P., on the acquisition of Metalwire B.V.;
- GIC on its investment in a global payments processor;
- A leading secondaries investment firm on the buy-side in its acquisitions of a portfolio of private fund LP interests;
- Banner Ridge on its acquisition of limited partner interests in True Green Capital Fund III, L.P., through a tender offer to the fund's existing investors;
- A private equity firm forming its GP structure and raising its first special purpose vehicle;
- Oak Hill Advisors in its $4.2bn sale to T. Rowe Price Group;
- General Electric on the more than $30bn combination of its jet leasing unit, GE Capital Aviation Services (GECAS), with AerCap Holdings;
- Apollo Global Management and affiliated funds in high-profile transactions, including the:
- Majority acquisition of ABC Technologies Holdings Inc, from ABC Group Canada LP (ABC LP), an affiliate of funds managed by Cerberus Capital Management, L.P.; and
- Formation of its Sponsor and Secondary Solutions business (S3), a dedicated secondary and fund finance capital solutions platform totaling $4bn, including a cornerstone investment from ADIA;
- IBM on the spin-off of its managed infrastructure services business into a separate publicly traded company; and
- Qualcomm, alongside SSW Partners, in its $4.5bn topping bid for Veoneer.
Sarah Katz
3 World Trade Center
175 Greenwich Street, 51st Floor
New York, NY 10007