Benjamin S.Jacobs (Ben)

Associate

New York + 1.212.326.3726

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

  • U.S. Steel acquires remaining 50% ownership interest in USS-POSCO Industries from POSCO-California CorporationJones Day advised United States Steel Corporation in its acquisition of POSCO-California Corporation's 50% partnership interest in USS-POSCO Industries, a Pittsburg, California-based producer of cold-rolled sheets, galvanized sheets, and tin mill products made from hot bands, resulting in USS-POSCO Industries becoming a wholly-owned subsidiary of U.S. Steel.
  • Dorilton Capital portfolio company acquires Element Integrity Group, Inc.Jones Day represented Dorilton Capital in the acquisition by portfolio company, Versa Integrity Group, Inc., of the assets of Element Integrity Group, Inc., a provider of innovative mechanical integrity and non-destructive testing services to the petrochemical industry, including in consulting, program implementation, inspection, verification, and testing.
  • FlaglerCE sold assets to Alta Equipment Holdings Inc.Jones Day advised FlaglerCE Holdings, LLC in the sale of substantially all of its assets to Alta Equipment Holdings Inc.
  • Huntington Ingalls to sell San Diego Shipyard to Titan Acquisition HoldingsJones Day is advising Huntington Ingalls Industries in the sale of its San Diego Shipyard to Titan Acquisition Holdings.
  • CoStar Group to acquire RentPath from Chapter 11 bankruptcyJones Day is advising CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces, in connection with its $588 million acquisition of RentPath from a Chapter 11 bankruptcy process.
  • Flat River Group receives investment by Guardian Capital PartnersJones Day advised Flat River Group, LLC, an eCommerce distributor, marketer, and service provider, in connection with the investment by Guardian Capital Partners.
  • PolyOne to acquire Clariant color and additive masterbatch business for $1.5 billionJones Day is advising PolyOne Corporation in the $1.5 billion purchase of Clariant’s global color and additive masterbatch business.
  • Athersys establishes equity purchase facility for sale of up to $100 million of common stockJones Day represented Athersys, Inc. in connection with the establishment of an equity purchase facility for the sale of up to $100 million of Athersys’ shares of common stock to Aspire Capital Fund LLC.
  • HOERBIGER Group acquires Deublin CompanyJones Day advised HOERBIGER Group, a privately-held industrial company headquartered in Switzerland, on the acquisition of Deublin Company, the leading manufacturer of rotating unions in the world.
  • PolyOne sells its Performance Products and Solutions business to SK Capital Partners for $775 millionJones Day advised PolyOne Corporation (NYSE: POL), a leading global provider of specialized polymer materials, services and solutions, in its $775 million cash sale of its Performance Products and Solutions business to SK Capital Partners.
  • Hill-Rom sells surgical consumable products to Audax Private Equity for $170 millionJones Day advised Hill-Rom Holdings, Inc. (NYSE: HRC), which recently rebranded as Hillrom, in its $170 million sale of certain surgical consumable products and related assets to an affiliate of Audax Private Equity.
  • Cortec Group sold Vidaris to SOCOTECJones Day advised the Cortec Group in connection with the sale of ArchEng Holding Company d/b/a Vidaris, Inc., a provider of niche consulting services within the architecture, engineering, and construction industries focusing on high-performance buildings and specialty structures, to The SOCOTEC Group.
  • EagleTree Capital acquires Invincible Boat CompanyJones Day advised EagleTree Capital in connection with the acquisition and related financing of Invincible Boat Company, a manufacturer of saltwater fishing boats.
  • Cineworld Group completes asset monetization strategies in United States through cinema sale-leaseback transactionsJones Day advised UK headquartered, Cineworld Group PLC in connection with an asset monetization strategy in the United States involving a combined cash consideration of $556.3 million cinema sale-leaseback transactions to convert a substantial portion of Cineworld’s U.S. real estate holdings into cash to leverage its equity and optimize efficiency.
  • National bank amends and restates $425 million revolving credit facility for private railroad and transportation management companiesJones Day represented a national bank, as administrative agent, in connection with the amendment and restatement of a $425 million revolving credit facility for a group of private railroad and transportation management companies.
  • Senior creditors of iHeartCommunications negotiate exit term loan facilityJones Day advised senior creditors holding in excess of $7.4 billion in iHeartCommunications, Inc.'s prepetition indebtedness in connection with all aspects of the restructuring of iHeart's debt in a chapter 11 proceeding in the United States Bankruptcy Court for the Southern District of Texas, including the negotiation and issuance of an approximately $3.5 billion senior secured exit term loan credit facility for iHeartCommunications, Inc. that was distributed to creditors under the plan.
  • Hyster-Yale amends existing revolving credit facilityJones Day represented Hyster-Yale Materials Handling, Inc., a designer, engineer, manufacturer, seller, and servicer of a comprehensive line of lift trucks and aftermarket parts marketed globally, in connection with the amendment to its existing revolving credit facility.
  • OMNI Environmental Solutions acquires Force Environmental SolutionsJones Day advised OMNI Environmental Solutions, Inc., a portfolio company of One Equity Partners, in connection with the acquisition and related financing of Pennsylvania-based Force Environmental Solutions, LLC, a provider of environmental equipment and transportation and disposal services to energy producers in the northeast U.S.
  • Cortec Group sells WU Holdco to The Carlyle Group and TA AssociatesJones Day advised the Cortec Group in the sale of WU Holdco, Inc., the holding company for Weiman Products, LLC and Urnex Brands, LLC, which are leading developers, manufacturers, and distributors of specialty cleaning products for the consumer and commercial markets, to The Carlyle Group and TA Associates.
  • Bombardier acquires Global 7500 aircraft wing program from Triumph Group Inc.Jones Day advised Bombardier Inc. in its acquisition of the wing manufacturing operations and assets relating to Triumph Group Inc.’s Global 7500 wing program.
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