Joe Soltis

Select Strategic M&A Transactions

• Cencora (f/k/a) AmerisourceBergen on its pending $3.5 billion merger of its animal health division, MWI Animal Health, with Covetrus, Inc. and its $1.3 billion acquisition of PharmaLex.
• Mubadala Capital-TWG Global-led consortium on its pending $6.2 billion leveraged take-private of NYSE-listed Clear Channel Outdoor.
• Piping Rock on its acquisition of Church & Dwight’s vitamin, minerals and supplement business.
• AllianzX on its Series C investment in Coterie Insurance.
• CrowdStrike on its acquisitions of Pangea and Onum, as well as its pending acquisitions of SGNL and Seraphic.
• Lowe’s on its $8.8 billion acquisition of Foundation Building Materials.
• Merck on its $10 billion acquisition of Verona Pharma plc.‎
• Salesforce on its pending acquisitions of Qualified and Convergence.ai.
• Sonoco on the pending sale of its ThermoSafe business unit to Arsenal Capital Partners for up to $725 million, its $1.8 billion sale of its Thermoformed and Flexibles Packaging business (TFP) to TOPPAN, its $3.9 billion acquisition of Eviosys, its $1.35 billion acquisition of Ball Metalpack and its acquisition of the remaining equity interest in its joint venture with the WestRock Company and RTS Packaging for $330 million.
• Zuora (NYSE: ZUO) on its $1.7 billion sale to Silver Lake and GIC.
• Merz Therapeutics on its $185 million acquisition of the assets of Acorda Therapeutics, Inc. through a 363 bankruptcy sale process.
• Patrick Whitesell, the Executive Chairman of Endeavor, in connection with the $13 billion sale of Endeavor to Silver Lake.
• Zuora, Inc. on its acquisitions of Sub(x) and Togai Inc.
• Sandvik on its acquisition of PDQ Workholding LLC.
• Aristocrat Leisure on its $1.2 billion acquisition of Nasdaq-listed Neogames.
• eBay in connection with multiple transactions, including its pending $1.2 billion acquisition of Depop from Etsy, acquisitions of Certilogo and TCGplayer, and its three-part transaction involving Goldin Auctions, LLC.
• Exyte on its acquisition of CollabraTech Solutions.
• BuzzFeed on its sale of Complex Networks to Commerce Media.
• Basilea on its acquisition of Fosmanogepix and a preclinical antifungal compound from Pfizer.
• Zeus Company on its sale to EQT Partners.
• Roivant Sciences on its $7.1 billion sale of Telavant to Roche.
• PhenomeX on its $108 million sale to Bruker Corporation. 
• Novartis on numerous acquisitions, including its acquisition of DTx Pharma.
• Committee of independent directors of the board of Qualtrics on the $12.5 billion all-cash sale of the company to a private equity consortium (the largest private equity transaction of the year).
• Molekule Group on its all-stock merger with Aura Smart Air.
• Coupa on its $8 billion sale to Thoma Bravo.
• Cencora (f/k/a) AmerisourceBergen on its $1.3 billion acquisition of PharmaLex.
• Jungheinrich AG on its $375 million acquisition of Storage Solutions, Inc.
• Berkeley Lights on its acquisition of IsoPlexis.
• BP on its $4.1 billion take-private of Archaea Energy.
• ServiceNow on its acquisitions of Veza, Intella App and Era Software, Inc.
• TriNet on its acquisition of Clarus R+D Solutions.
• Exxon-Mobil in connection with its joint venture with Saudi Basic Industries Corp. (SABIC) for their Gulf Coast Growth Ventures project.
• Portico Holdings LLC in the sale of its business to Cowen, Inc.
• NCR Corporation on its $2.5 billion acquisition of Cardtronics.
• Spotify Technologies S.A. in its acquisition of The Echo Nest, Gimlet Media, Inc., Bill Simmons Media Group LLC, and other podcast technology and content companies.
• Hillenbrand, Inc. on its acquisition of Milacron Holdings Corp.
• Armstrong World Industries in the spin-off of its flooring business segment, Armstrong Flooring Inc., and the sale of its EMEA and Pacific Rim businesses to Knauf.
• Exact Sciences Corporation on its acquisition of Genomic Health, Inc.
• 21st Century Fox on its $71.3 billion acquisition by the Walt Disney Company and the related spin-off of Fox Corporation.
• Armstrong Flooring Inc. on its sale of its wood flooring business to American Industrial Partners.
• Schulman, Inc. on its $2.25 billion acquisition by LyondellBasell N.V.
• Colfax Corporation in the sale of its fluid handling products business to CIRCOR International, Inc.
• Sealed Air on its global carve out and disposition of its Diversey cleaning and chemicals business to Bain Capital.

Select Financial Sponsor Experience

• CVC on numerous transactions, including its $925 million global carve-out acquisition of Therakos from Mallinckrodt, and its strategic partnership with the Women’s Tennis Association.
• Circularis Partners in connection with a GP-led continuation fund transaction involving the sale by TPG Alternatives and Renewables Technology Partners of its assets to a buyer group led by Arena Partners. 
• Cinven on multiple transactions, including its pending majority investment in Alter Domus and acquisition of MBCC Admixtures.
• Vitruvian Partners on its $1.615 billion sale of Standish Management.
• General Atlantic on its significant minority investment in Partners Capital Investment Group and investment in Butternut Box.
• Blackstone on its acquisition of a majority stake in Stearns Holdings LLC and Stearns Holdings LLC in its bankruptcy reorganization and sale to Guaranteed Rate.
• Wilshire Associates on its acquisition by CC Capital and Motive Partners.
• Funds advised by Permira in numerous transactions, including:
  • its $1.75 billion acquisition of and $4.2 billion sale of a majority stake in Duff & Phelps.
  • its $2.4 billion acquisition of Cambrex Corporation.
  • its acquisition of a majority stake in Reformation.
  • its acquisition of a majority stake in Cielo, Inc. from Accel-KKR.
  • its acquisition of Evonik Jayhawk Fine Chemicals Corporation from Evonik Industries AG.
• MacAndrews & Forbes in connection with multiple transactions, including the pre-packaged Chapter 11 reorganization of Deluxe Entertainment and the sale of Faneuil, Inc.
• Funds advised by Apax Partners in numerous transactions, including:
  • its joint venture with Accenture and the subsequent IPO of Duck Creek Technologies, Inc.
  • its acquisition of Quality Distribution, Inc.
  • its acquisition of FULLBEAUTY Brands, Inc.
• Multiple sovereign wealth funds with respect to tax aspects related to numerous transactions, including investments into private investment funds, co-investments alongside private equity firms and secondary sales of fund interests.