Peter E.Izanec


Cleveland + 1.216.586.1042

Peter Izanec provides practical, solution-oriented advice in traditional M&A, spin-offs, joint ventures, pension de-risking, commercial agreements, and contests for control. Peter's experience spans many industries, including financial services, consumer goods, pharmaceuticals, food and beverage, retail, industrial products and services, and restaurant chains. He is the coordinator of the Firm's financial services M&A practice.

Among other things, Peter has represented financial services companies such as Fifth Third Bancorp, FirstMerit Corporation, Invesco, KeyCorp, Morgan Stanley, National City Corporation, OneWest Bank, and Wayne Savings Bank in a variety of deals including over $5 billion of sales of residential mortgage loans and MSRs, joint ventures, acquisitions and divestitures of businesses, and governance matters. He has represented Procter & Gamble in more than two dozen transactions with an aggregate value in excess of $25 billion, including P&G's sales of its beauty, IAMS/Eukanuba, Pringles, Folgers, and Duracell businesses. Peter is one of the leaders of the Firm's pension de-risking practice, representing General Motors and Verizon Communications in their respective groundbreaking $28 billion and $9 billion de-risking transactions. He has done substantial work for many other clients, including Atlas Energy, Bennington Marine, Conagra Brands, FirstEnergy Corporation, Goodrich Corporation, Kirtland Capital Partners, Kraft Heinz, Macy's, Materion Corporation, Owens Corning, Peabody Energy Corporation, PepsiCo, PolyOne, Safeguard Properties, The Riverside Company, and Wendy's.

Peter has been recognized in various legal publications for his work, including The American Lawyer's "Dealmaker of the Year" issue and in surveys such as The Best Lawyers in America.


  • Materion acquires Optics Balzers, AG for $160 millionJones Day advised Materion Corporation, a global supplier of highly engineered advanced enabling materials, in its $160 million acquisition of Optics Balzers, AG, an industry leader in thin film optical coatings.
  • Macy’s completes $1.3 billion Senior Secured Notes offering and $3.15 billion credit facilityJones Day advised Macy's Inc., one of the nation's premier retailers, in connection with the issuance of $1.3 billion in aggregate principal amount of 8.375% Senior Secured Notes due 2025 in a Rule 144A and Regulation S offering and a $3.15 billion asset-based credit facility with Bank of America, N.A., as administrative agent.
  • OMNOVA acquired by Synthomer plc for $824 millionJones Day advised OMNOVA Solutions Inc. in its $824 million acquisition by Synthomer plc, a United Kingdom-based specialty chemical company.
  • Procter & Gamble to acquire Billie Inc.Jones Day is advising The Procter & Gamble Company (NYSE: PG) in its acquisition of Billie Inc., a direct-to-consumer seller of female shaving and body care products.
  • Bad Boy receives investment from The Sterling GroupJones Day advised Bad Boy, Inc., a leading manufacturer of high-performance zero-turn riding lawn mowers, in its cash and stock sale to The Sterling Group.
  • 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.
  • Procter & Gamble acquires This is L.Jones Day advised The Procter & Gamble Company in its acquisition of This is L., one of the fastest growing natural feminine care brands in the U.S.
  • Gray Television acquires Raycom Media for $3.6 billionJones Day advised Gray Television, Inc., a television broadcast company headquartered in Atlanta, Georgia, in connection with its acquisition of privately-owned Raycom Media, Inc., a Montgomery, Alabama-based television broadcast company, in a cash and stock transaction with an enterprise value of approximately $3.6 billion.
  • Conagra Brands acquires Pinnacle Foods for $10.9 billion in cash and stockJones Day advised Conagra Brands, Inc. in connection with the acquisition and related financing of Pinnacle Foods Inc. in a $10.9 billion merger.
  • Boat Holdings sells company to Polaris Industries Inc. for $805 millionJones Day advised Boat Holdings LLC, the leading manufacturer of pontoon boats in the United States, in the sale of the company to Polaris Industries Inc. in an all cash transaction valued at $805 million.
  • KeyBank sells Key Insurance & Benefits Services to USI Insurance ServicesJones Day advised KeyBank in the sale of Key Insurance & Benefits Services, Inc. to USI Insurance Services.
  • Fifth Third Securities acquires Coker Capital AdvisorsJones Day advised Fifth Third Securities, Inc., the investment banking unit of Fifth Third Bank, in its acquisition of Coker Capital Advisors, a healthcare focused investment banking firm.
  • Owens Corning acquires Paroc Group, a leading European mineral wool manufacturer, for approximately €900 million (US$1.04 billion)Jones Day advised Owens Corning in its acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe, from CVC Capital Partners for an enterprise value of approximately €900 million ($1.04 billion).
  • FirstEnergy raises $1.616 billion in private placement of Convertible Preferred StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $1.616 billion of Series A Convertible Preferred Stock in a private placement to affiliates of Elliott Management Corporation, Bluescape, and GIC.
  • FirstEnergy raises $850 million in private placement of Common StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $850 million of Common Stock in a private placement to funds affiliated with Zimmer Partners, LP.
  • Solus Alternative Asset Management and Deutsche Investment Management Americas complete recapitalization of Geo Specialty ChemicalsJones Day advised Solus Alternative Asset Management and Deutsche Investment Management Americas in connection with the recapitalization of Geo Specialty Chemicals, a manufacturer of specialty chemicals for customers in the United States and internationally.
  • KeyBanc Capital Markets acquires Cain BrothersJones Day advised KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp, in its acquisition of Cain Brothers & Company LLC, a healthcare focused investment banking and public finance firm.
  • KeyBank buys out membership interest of Elavon, Inc. in payment processing joint ventureJones Day advised KeyBank National Association in the buyout of the membership interest in its payment processing joint venture with Elavon, Inc., a U.S. Bank affiliate.
  • Owens Corning acquires Pittsburgh Corning for approximately $560 millionJones Day advised Owens Corning in its approximately $560 million acquisition of Pittsburgh Corning, the world’s leading producer of cellular glass insulation systems for commercial and industrial markets.
  • Wayne Savings involved in successful proxy contest defense against activist shareholder Stilwell Activist InvestmentsJones Day advised Wayne Savings Bancshares, Inc. (NASDAQ: WAYN) in its successful defense of a proxy solicitation for board representation by activist shareholder Stilwell Activist Investments.
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