Peter C.Bergan Jr. (Pete)

Partner

Cleveland + 1.216.586.7045

Pete Bergan advises on a wide range of real estate transactions, including joint ventures, investments, financings, and acquisitions and dispositions. Pete regularly works on complex transactions involving multiple jurisdictions and has broad experience across different real estate classes, including data center/digital infrastructure, mining, retail, hospitality, and multifamily and single-family rental portfolios.

Peter's recent transactions include: Databank's acquisition of zColo (a leading provider of enterprise-class colocation services) for $1.4 billion; Vantage Data Centers' formation of a $3.5 billion data center joint venture with Colony Capital; Invitation Homes sale of 708 single-family rental homes in Nashville, Tennessee; SITE Centers acquisition of Blackstone's interest in several real estate joint ventures; Mill Creek Residential Trust LLC's disposition of a 288 multifamily community in Seattle, Washington; The Blackstone Group's sale of a national portfolio of Marriott-branded hotels located across eight states; and Brookfield's $854.4 million acquisition of a portfolio of office and industrial sites throughout the United States.

Pete also has represented Peabody Energy Corporation and Cleveland-Cliffs in connection with several financing transactions secured by mineral assets and EagleTree Capital and The Riverside Company in connection with the real estate aspects of a private equity transaction.

Pete is a member of the Urban Land Institute and the International Council of Shopping Centers. He also serves as a board member of Rugby Ohio and of Recovery Resources (an organization dedicated to providing assistance to those struggling with mental health and addiction issues).

Experience

  • Huntington Ingalls Industries to acquire Alion Science and Technology for $1.65 billionJones Day is advising Huntington Ingalls Industries in the $1.65 billion acquisition of Alion Science and Technology Corporation from Veritas Capital.
  • Rester Management acquires ELAD Canada Realty for up to CA$528 millionJones Day advised Rester Management, a real estate management and development company based in Montreal, Quebec, as U.S. counsel on its acquisition of ELAD Canada Realty, a real estate development, investment, and asset management company based in Toronto, Ontario, Canada, for total consideration of up to CA$528 million, including future payments and earnouts.
  • STERIS acquires Cantel Medical for $3.6 billionJones Day advised STERIS plc in its acquisition of Cantel Medical Corp, a global provider of infection prevention products and services primarily to endoscopy and dental customers, for $3.6 billion.
  • Solmax acquires TenCate GeosyntheticsJones Day advised Groupe Solmax Inc. (Solmax), the global leader in the production of high-quality polyethylene geomembranes for industrial and environmental applications, and its shareholders (including institutional investors Caisse de dépot et placement du Québec and Fonds de Solidarité FTQ), in connection with Solmax’s acquisition of TenCate Geosynthetics Holding B.V., a global provider of geosynthetics and industrial fabrics, from Dutch conglomerate Koninklijke Ten Cate (Royal Ten Cate, the Netherlands), and advised on the related senior secured financing to support the acquisition.
  • Altabancorp merges with Glacier BancorpJones Day is representing Altabancorp, the bank holding company for Altabank, in connection with its proposed stock-for-stock merger with Glacier Bancorp, Inc., the bank holding company for Glacier Bank.
  • The Toledo Edison Company issues $150 million Senior Secured Notes and First Mortgage BondsJones Day represented The Toledo Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a Rule 144A and Regulation S offering of $150 million aggregate principal amount of 2.65% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and concurrent issuance of an equal aggregate principal amount of its First Mortgage Bonds, 2.65% Series of 2021 due 2028, which were delivered to the trustee to be held as collateral security for the Senior Secured Notes.
  • Demers Braun Crestline acquires Medix Specialty VehiclesJones Day advised Demers Braun Crestline in the acquisition of Medix Specialty Vehicles, a full line final stage ambulance manufacturer headquartered in Elkhart, Indiana.
  • TopBuild acquires American Building SystemsJones Day advised TopBuild Corp., a leading installer and distributor of insulation and building material products in the United States, in its acquisition of American Building Systems Group of Companies ("ABS").
  • Peabody Energy completes comprehensive exchange transactionJones Day represented Peabody Energy Corporation (the "Company"), a large private-sector coal company, in connection with a series of recapitalization transactions to, among other things, provide the Company with maturity extensions and covenant relief, while allowing it to maintain sufficient operating liquidity and financial flexibility, including: (i) an offer to exchange any and all of its outstanding $459 million aggregate principal amount of 6.000% Senior Secured Notes due 2022 (the "Existing Notes") for (a) new 10.000% Senior Secured Notes due 2024 to be co-issued by PIC AU Holdings LLC, a Delaware limited liability company and an indirect, wholly-owned subsidiary of Peabody ("AU HoldingsCo"), and PIC AU Holdings Corporation, a Delaware corporation and an indirect, wholly-owned subsidiary of Peabody ("AU HoldingsCorp" and, together with AU HoldingsCo, the "Co-Issuers"), and (b) new 8.500% Senior Secured Notes due 2024 to be issued by Peabody; and (ii) a restructuring of the revolving loans under the Company's existing credit agreement (the "Existing Credit Agreement") by (a) making a pay down of revolving loans thereunder in the aggregate amount of $10 million, (b) the co-issuers incurring $206 million of term loans under a credit agreement, dated as of January 29, 2021, (c) the Company entering into a letter of credit facility, and (d) the Company amending the existing credit agreement.
  • Transtar Holding Company sold to Blue Point Capital PartnersJones Day advised Transtar Holding Company, a portfolio of industry-leading automotive aftermarket and original equipment businesses with a focus on high-quality products and unmatched customer service, in the sale of majority ownership to Blue Point Capital Partners.
  • J.F. Lehman & Company acquires CTS EnginesJones Day advised J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, in the acquisition of CTS Engines, LLC and CTS Testing, LLC.
  • DataBank acquires zColo for $1.4 billionJones Day advised DataBank, a leading provider of enterprise-class colocation, connectivity, and managed services, in connection with the acquisition and financing of zColo, including certain U.S. and European data center assets, from Zayo Group Holdings, Inc. for $1.4 billion.
  • Cleveland-Cliffs acquires ArcelorMittal USA for approximately $1.4 billionJones Day advised Cleveland-Cliffs Inc. in connection with the acquisition and financing of substantially all of the operations of ArcelorMittal USA for approximately $1.4 billion.
  • Mill Creek sells 555-unit apartment complex in Fort Lauderdale, FloridaJones Day advised Mill Creek Residential Trust LLC in its $180 million sale of a 555-unit apartment complex in Fort Lauderdale, Florida.
  • SITE Centers acquires interest in BRE DDR Retail Holdings IV LLCJones Day advised SITE Centers Corp. in its acquisition of Blackstone's interest in BRE DDR Retail Holdings IV LLC (Bayside JV), a joint venture that owns and operates retail shopping centers.
  • Invitation Homes acquires 283 single family residential homes in Dallas, TexasJones Day advised Invitation Homes L.P. in its acquisition of 283 single family residential homes in Dallas, Texas.
  • Mill Creek sells Modera First Hill in SeattleJones Day advised Mill Creek Residential Trust LLC in its $125 million sale of Modera First Hill, a 288-unit multifamily community in Seattle to OZH Holding 4 LLC.
  • Vantage Data Centers forms $3.5 billion strategic partnership with Colony Capital to advance data center growthJones Day advised Vantage Data Centers, a leading global provider of hyperscale data center campuses, on forming a strategic partnership with Colony Capital, Inc. valued at $3.5 billion to accelerate the expansion of Vantage’s best-in-class, wholesale data centers throughout North America and Europe.
  • Cleveland-Cliffs acquires AK Steel in $1.1 billion stock swapJones Day advised Cleveland-Cliffs Inc. (NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs acquired all of the issued and outstanding shares of AK Steel common stock.
  • Central American conglomerate acquires significant strategic real estate holding in HondurasJones Day represented a Central American conglomerate in the acquisition of a significant strategic real estate holding in Honduras.