Randi C.Lesnick

Partner

New York + 1.212.326.3452

In her more than 20 years in practice, Randi Lesnick has advised on M&A transactions with an aggregate value in excess of $250 billion. Her practice focuses on mergers and acquisitions, divestitures, takeovers and takeover preparedness, restructurings, recapitalizations, capital raising, securities transactions, activist defense, and corporate governance issues. She is the Administrative Partner for the Firm's M&A Practice.

Randi frequently counsels clients on compliance, governance, and fiduciary matters. She represents both public and private companies in a variety of industries, including retail and consumer products, manufacturing, shipping, technology services, and telecommunications. Randi also advises private equity firms in their investments and investment banking firms in their capacity as financial advisors.

Representative matters include SAP's acquisition of Qualtrics for $8.0 billion; Patrón Spirits International's sale to Bacardi for $5.1 billion enterprise value; Reynolds American's $49 billion acquisition by British American Tobacco PLC, as well as its $27.4 billion acquisition of Lorillard, $7.1 billion divestiture to affiliates of Imperial Tobacco, and $4.7 billion equity infusion from affiliates of British American Tobacco; Procter & Gamble's sale of the Pringles snacks business to Kellogg; and the sale of Chrysler to a Fiat-led "New Chrysler" following its bankruptcy.

She has led substantial matters for a number of other clients, including Goode Partners, Hyster-Yale Materials Handling, Scotts Miracle-Gro, and Verint Systems.

Randi was named a "Dealmaker of the Year" by American Lawyer in 2018 and was named a Client Service All-Star, MVP in 2017 and 2018, a Super All-Star in 2017, and a 2016 Client Service All-Star by BTI Consulting.

Experience

  • 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.
  • Patrón Tequila acquired by BacardiJones Day advised Patrón Spirits International AG ("Patrón") in connection with the acquisition by Bacardi Limited of all of the issued and outstanding shares of Patrón.
  • Reynolds American acquired by British American Tobacco Plc in deal valued at $49 billionJones Day advised Reynolds American Inc. ("RAI") regarding the acquisition by British American Tobacco, p.l.c. ("BAT") of 57.8 percent of the outstanding shares of RAI not owned by BAT and its affiliates in a transaction valued at $49 billion.
  • SunPower announces sponsored spin-off of solar panel production operationsJones Day is advising SunPower Corporation (NASDAQ: SPWR), one of North America's largest solar-panel makers, in a sponsored spin-off of its solar panel production operations into a new public company – Maxeon Solar Technologies – which will be headquartered in Singapore.
  • FactSet Research Systems acquires Interactive Data Managed SolutionsJones Day advised FactSet Research Systems, Inc. in its acquisition of Interactive Data Managed Solutions (IDMS) from Intercontinental Exchange.
  • Reynolds American sells Natural American Spirit International businesses to JT Group for $5 billionJones Day advised Reynolds American Inc. in its $5 billion sale of the international rights to the Natural American Spirit brand name and associated trademarks, along with the international companies that distribute and market the brand outside the U.S., to the Japan Tobacco Group of companies (JT Group).
  • Reynolds American acquires Lorillard for $27.4 billionJones Day advised Reynolds American Inc. (NYSE: RAI) in its acquisition of Lorillard, Inc. for $27.4 billion and in the related $7.1 billion divestiture to an affiliate of Imperial Tobacco Group and $4.7 billion investment by British American Tobacco, RAI's largest shareholder.
  • Market Basket Class A shareholders sell their majority interests to Class B shareholdersJones Day, together with Thomas Fitzpatrick of Davis Malm and Curtis Mallet, represented the majority owners of Demoulas Supermarkets Inc. in connection with the sale of their 50.5 percent ownership interests to the minority owners.
  • Hyster-Yale acquires Nuvera Fuel CellsJones Day advised Hyster-Yale Materials Handling, Inc. in the acquisition of Nuvera Fuel Cells, Inc. by its operating company, NACCO Materials Handling Group, Inc.
  • Verint Systems acquires KANA Software for $514 millionJones Day advised Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in connection with the acquisition and related financing of KANA Software, Inc., a portfolio company of Accel-KKR and a leader in customer service solutions delivered both on-premises and in the cloud, for $514 million.
  • Diamond S Shipping Group acquires three medium-range product tankers from CarVal InvestorsJones Day advised Diamond S Shipping Group in its acquisition of three modern medium-range clean product tankers from funds managed by CarVal Investors, LLC in exchange for equity in the Diamond S clean product tanker business.
  • Hyster-Yale to sell PowerTap® hydrogen generator assets to OneH2Jones Day is advising Hyster-Yale Materials Handling, Inc. in the sale by subsidiary, Nuvera Fuel Cells, LLC, of substantially all of its PowerTap® hydrogen generator assets, excluding related intellectual property, to OneH2, a hydrogen fuel company.
  • Verint Systems acquires OpinionLabJones Day advised Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in connection with the acquisition of OpinionLab, Inc., a leader in continuous voice of the customer listening solutions that drive smarter, real-time digital engagement.
  • Verint Systems acquires Telligent business from Zimbra SystemsJones Day advised Verint Systems Inc. in its acquisition of the Telligent business from Zimbra Systems.
  • Goode Partners invests in Marolina OutdoorJones Day represented Goode Partners LLC in connection with its investment in Charleston, South Carolina-based Marolina Outdoor Inc., a manufacturer of performance apparel for fishing and hunting enthusiasts.
  • Goode Partners acquires Forman MillsJones Day advised Goode Partners LLC in connection with the acquisition and related financing of Forman Mills, a New Jersey-based retail chain and department store.
  • CBS Outdoor Americas acquires premium outdoor advertising business from Van Wagner Communications for $690 millionJones Day advised CBS Outdoor Americas Inc. ("CBSO") on the cash acquisition of certain outdoor advertising business from Van Wagner Communications, LLC for $690 million.
  • Procter & Gamble sells Pringles snacks business to Kellogg for $2.7 billionJones Day advised The Procter & Gamble Company in the sale of its Pringles snacks business to The Kellogg Company in a $2.7 billion all-cash transaction.
  • International Coal Group acquired by Arch Coal for $3.4 billionJones Day advised International Coal Group, Inc. in the $3.4 billion all cash tender offer by Arch Coal, Inc. for all outstanding shares.
  • Chrysler sold to Fiat-led "New Chrysler" after historic court proceedingsAfter a historic battle all the way to the United States Supreme Court, Chrysler LLC sold substantially all of its assets to Fiat-led "New Chrysler" (Chrysler Group LLC) on June 10, 2009, providing the opportunity for its iconic brands and U.S. operations to survive.
  • Hunt Petroleum acquired by XTO Energy for $4.2 billionJones Day advised Hunt Petroleum Corporation and related entities (Hunt) in connection with a process initiated by Hunt that resulted in an agreement to merge it with an affiliate of XTO Energy, Inc. (XTO) for aggregate consideration of $4.2 billion in cash and XTO common stock.
  • Scotts Miracle-Gro acquires Sunlight Supply Inc. for $450 millionJones Day advised The Scotts Miracle-Gro Company and its wholly-owned subsidiary, Hawthorne Hydroponics LLC ("Hawthorne Gardening"), in connection with Hawthorne Gardening's purchase of the assets of Sunlight Supply, Inc. and various of its affiliates for $450 million.
  • Hyster-Yale acquires 75 percent of Zhejiang Maximal Forklift TruckJones Day advised Hyster-Yale Materials Handling, Inc. in its $90 million acquisition of 75 percent of the outstanding shares of, and a controlling interest in, Zhejiang Maximal Forklift Company Limited from KNSN Pipe and Pile Company Limited.
  • Speaking Engagements

    • May 14, 2015
      Global Opportunities: A Critical Conversation
    • January 15-16, 2015
      PLI's Mergers & Acquisitions 2015: Trends and Developments
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