Catherine E.Arney (Cassie)

Partner

New York + 1.212.326.8359

Cassie Arney's practice focuses on the executive compensation and employee benefits aspects of corporate acquisitions, dispositions, and mergers.

Cassie has extensive experience in working with and crafting complex profits interest programs and partnership waterfall provisions. She frequently advises clients on the restructuring of their equity incentive programs and on various alternative incentive mechanisms, such as phantom equity and bonus programs. Cassie assists regularly with analyses relating to tax implications of golden parachute payments (Section 280G of the Internal Revenue Code) in private and public company transactions as well. Cassie also has experience drafting and negotiating employment and severance agreements and advising clients regarding the administration and compliance of employee benefit plans, programs, and arrangements with the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA).

In addition to a number of private equity acquisitions and dispositions, some of the transactions on which Cassie has advised include Diebold Nixdorf's restructuring of more than $2.7 billion in funded debt; Astellas Pharma's acquisition of Iveric bio, Inc. for $5.9 billion; the $1.3 billion sale of Calgon Carbon to Kuraray; TDK Corporation's $1.3 billion acquisition of InvenSense; and the $1.5 billion sale of RTI International Metals to Alcoa.

Experience

  • MPE Partners sells its DreamLine platform to American Bath Group, LLCJones Day advised MPE Partners on the sale of its DreamLine platform to American Bath Group, LLC.
  • Riverside portfolio company acquires Geroline Inc.Jones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company SureWerx of Geroline Inc., a virtual manufacturer of footwear traction aids serving diverse industrial end-markets in Canada and the U.S.
  • Delaware North sells Jumer’s Casino & Hotel to Bally's for $120 millionJones Day advised Delaware North, a global hospitality and entertainment company with operations in the sports, travel hospitality, restaurant and catering, lodging, gaming and specialty retail industries, in the sale of Jumer’s Casino & Hotel in Rock Island, Illinois, to Bally's Corporation for $120 million in cash.
  • Riverside portfolio company acquires Parker Products, LLCJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Parker Products, LLC of Creative Food Ingredients, Inc., a provider of baked food ingredients and inclusions.
  • Range Media Partners raises initial capital for companyJones Day represented Range Media Partners, LLC (f/k/a 3M Media Company, LLC) and its founders in connection with the seed financing round of the company, which will operate a talent management and media company business.
  • Resilience Capital portfolio company merges business operations with those of Maysteel IndustriesJones Day represented Resilience Capital Partners LLC in connection with the merger of business operations of portfolio company, Porter's Group LLC, with those of Maysteel Industries, LLC, creating a leading custom sheet metal fabricator serving a number of industries.
  • Riverside sells majority investment in n2y to Providence Equity PartnersJones Day advised The Riverside Company in connection with the sale of its majority investment in n2y LLC, a leading provider of software, curricula, and tools to the K-12 special education market, to Providence Equity Partners.
  • YETI Holdings completes $333.5 million secondary offering of Common StockJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium products, in connection with the $333.5 million underwritten secondary public offering of 11,500,000 shares of Common Stock by certain of its stockholders.
  • BBA Aviation sells Ontic for $1.365 billionJones Day advised BBA Aviation plc ("BBA") in the sale of its Ontic business to an investment fund affiliated with CVC Capital Partners for $1.365 billion.
  • Flint Hills Resources sold chemical manufacturing facility to MotivaJones Day advised Flint Hills Resources, LLC, a subsidiary of Koch Industries, Inc., on the sale of its chemical manufacturing facility located in Port Arthur, Texas, to Motiva Enterprises LLC.
  • Riverside sells Fisher UnitechJones Day represented The Riverside Company in connection with the sale of its interests in Fisher Unitech (Fisher), a leading provider of 3D design software tools and 3D printers, to Computer Aided Technology ("CATI"), a portfolio company of CIVC Partners, L.P.
  • Riverside sells interest in Health and Safety Institute to Waud Capital PartnersJones Day represented The Riverside Company in connection with the sale of its interest in the Health & Safety Institute (“HSI”) to Waud Capital Partners.
  • Charkit Chemical acquires Custom Ingredients and CA SpecialitiesJones Day advised Charkit Chemical Company LLC in its acquisition of Custom Ingredients, a manufacturer of specialty ingredients, and CA Specialities, a South Carolina-based distributor of ingredients in the personal care market.
  • Norwest Equity Partners acquires Arteriors HomeJones Day represented Norwest Equity Partners in connection with the acquisition and related financing of 4M Capital, Ltd. d/b/a Arteriors Home, a leading designer and supplier of artisanal lighting, furnishings, and home décor accessories.
  • YETI Holdings completes $271 million secondary offering of Common StockJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium products, in connection with a $271 million underwritten secondary offering of Common Stock by certain of its stockholders.
  • Irving Place Capital sells Ohio Transmission Corporation to Genstar CapitalJones Day represented Irving Place Capital and its portfolio company, Ohio Transmission Corporation (“OTC”), a leading technical distributor and solutions provider, in Irving Place Capital's sale of OTC to Genstar Capital.
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • SAP acquires Qualtrics for $8 billionJones Day advised SAP in its $8 billion acquisition of Qualtrics International Inc., the global pioneer in the experience management software category.
  • Resilience Capital acquires TSS TechnologiesJones Day advised Resilience Capital Partners LLC in connection with the acquisition of TSS Technologies, a leading provider of total automation solutions ranging from material handling and assembly equipment to web handling and vision inspection equipment.