Benjamin S.Jacobs (Ben)

Partner

New York + 1.212.326.3726

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Ben Jacobs practices primarily in the area of U.S. federal income tax, representing clients with U.S. and cross-border M&A, investments, reorganizations, and joint ventures; international tax planning; financing; and withholding and reporting obligations. He also regularly represents debtors and creditors to develop tax-efficient structures in bankruptcy and distressed restructurings.

Ben's recent experience on M&A transactions includes advising Fairmount Santrol in its pending $4.7 billion merger with the Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV; Verizon in the sale of its cloud business; ABM Industries in its $1.25 billion acquisition of GCA Services; and Orchestra Prémaman in its attempted acquisition of U.S. retailer Destination Maternity. His bankruptcy and restructuring experience includes advising the coal company Alpha Natural Resources and the rare-earth mining company Molycorp in their chapter 11 cases and creditor groups in the restructurings of retailer rue21, inc. and the internet content and solutions provider Answers Corporation.

Ben coauthored the Bloomberg BNA Portfolio Tax Aspects of Restructuring Financially Troubled Businesses, No. 541-5th. While in law school, he represented clients before the IRS and the U.S. Tax Court as a student attorney with the Janet R. Spragens Federal Tax Clinic, assisting them with tax controversy and collections matters.

Experience

  • Riverside forms RAC Opportunity Fund IIJones Day advised The Riverside Company in the formation of RAC Opportunity Fund II, L.P. ("RAC Opp Fund II"), which closed at $235 million.
  • Global secondaries manager purchases portfolio of private equity fund interestsJones Day represented a global secondaries manager in connection with the purchase of a portfolio of private equity fund interests
  • TenCate Grass to sell majority interest in Company to Leonard Green & Partners, LPJones Day is advising the management team of TenCate Grass Holding B.V. in connection with Leonard Green & Partners, LP's acquisition of a majority stake in TenCate Grass from Crestview Partners and select other shareholders.
  • Webster Bank provides $95 million asset-based credit facility to leading cabinet manufacturerJones Day represented Webster Bank, N.A. as administrative agent, collateral agent, sole lead arranger, bookrunner, and a lender, in connection with a $95 million credit facility consisting of a $55 million revolving credit facility, a $25 million equipment credit facility, and a $15 million term loan facility, provided to one of the fastest growing cabinet manufacturers in the United States.
  • American Pacific Group acquires Spark Power Group Inc.Jones Day acted as U.S. counsel to American Pacific Group, L.P. in the approximately C$140 million acquisition of Spark Power Group Inc., a leading independent provider of end-to-end electrical services and operations and maintenance services to the industrial, utility, and renewable asset markets in North America.
  • Flottec sold to Nalco WaterJones Day represented Flottec, LLC, a company focused on the development of advanced flotation technology and the supply of flotation reagents and mineral processing chemicals, in connection with its sale to Nalco Company LLC, an Illinois-based supplier of water, energy and air improvement solutions and services for industrial markets and Ecolab Inc. company.
  • Large financial institution provides $82.5 million term loan credit facility to mid-market fundJones Day advised a large financial institution, as lender, in connection with a $82.5 million senior secured term loan credit facility provided to a mid-market fund that invests in asset-backed securities and credit-linked notes.
  • TopBuild acquires Specialty Products & InsulationJones Day is advising TopBuild Corp. (NSYE: BLD) in its acquisition of Specialty Products & Insulation from private equity firm Incline Equity Partners in an all-cash transaction valued at $960 million.
  • Affinity Partners leads €207 million Series F financing of EGYMJones Day represented Affinity Partners in its acquisition of an interest in EGYM, a global fitness technology and corporate health innovation leader, in a Series F financing of €107 million, with an additional €100 million available for future investments.
  • Labcorp completes spin-off of FortreaJones Day represented Labcorp (NYSE: LH), a leading global life sciences company, in the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, market access and technology solutions to pharmaceutical and biotechnology organizations around the world.
  • Prophet Capital completes continuation vehicle investment with natural gas producerJones Day advised Prophet Capital Asset Management LP in the restructuring of an existing fund into a continuation investment vehicle in connection with the leading of a buy-out of other third party investors in a natural gas producer, with a total transaction value of approximately $270 million.
  • Doctrine partners with Summit Partners and Peugeot InvestJones Day advised Forseti (d/b/a Doctrine), a French legaltech developing the leading search engine for precedents, in connection with the acquisition of a controlling stake by Summit Partners and Peugeot Invest.
  • Horizon Global merges with First Brands GroupJones Day represented Horizon Global Corporation in its acquisition by First Brands Group, LLC, a global automotive parts manufacturer that serves the worldwide automotive aftermarket.
  • Agencias Universales S.A. (AGUNSA) acquires 75% of the Carver Maritime Manatee port terminal operator in FloridaJones Day advised Agencias Universales S.A. (AGUNSA) in the acquisition of a 75% equity interest in Carver Maritime Manatee, a terminal operator at SeaPort Manatee, a deep water seaport located at the entrance to Tampa Bay in northern Manatee County, Florida.
  • Meridian Bioscience agrees to be acquired by SD Biosensor and SJL Partners in $1.53 billion all-cash transactionJones Day advised Meridian Bioscience, Inc. in its $1.53 billion all-cash acquisition by SD Biosensor and SJL Partners.
  • Cargill acquires Owensboro GrainJones Day advised Cargill, Incorporated in the acquisition of Owensboro Grain Company.
  • Avient divests distribution business to H.I.G. CapitalJones Day advised Avient Corporation in the $950 million sale of its Distribution business to an affiliate of H.I.G. Capital.
  • EagleTree backed company Arc acquires HR Technology and Education Technology portfolios from LRP Media GroupJones Day advised EagleTree Capital in the acquisition and financing by Arc of a portfolio of event and related media assets serving the HR Technology and Education Technology sectors from LRP Media Group.
  • Infinite Computer Solutions acquires SIS unit, Costa Rica operations of FiservJones Day is advising Infinite Computer Solutions, Inc. in the acquisition of the systems integration services unit and Costa Rica operations of Fiserv.
  • Deezer invests to create livestreaming powerhouse as Driift acquires DreamstageJones Day advised Deezer S.A. in its £4 million investment in the merger of Driift and Dreamstage, creating a livestreaming powerhouse.
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    September 2019 Alert

    Favorable Net Operating Loss Utilization Rules Could be Eliminated

    May 2017 Commentary

    Trump Administration Proposes Substantial Reduction in Business and Individual Income Taxes

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