Joel T.May

Partner

Atlanta + 1.404.581.8967

Joel May is co-chair of the Firm's corporate governance area and has more than 23 years of experience representing clients and their boards of directors in a broad range of financing and corporate transactions, as well as corporate governance, shareholder activism, proxy fights, and securities compliance matters. He has represented clients in domestic and international corporate financing transactions in the manufacturing, consumer products, chemical products, real estate, e-commerce, telecommunications, and information management industries, including public equity and debt offerings, initial public offerings (IPOs), special purpose acquisition companies (SPACs), private investment in public equity (PIPE) transactions, Rule 144A high yield offerings, and reorganizations, restructurings, recapitalizations, and other M&A transactions.

Joel joined the Atlanta Office in 2012 after spending the first part of his career in Jones Day's Chicago Office. He currently serves as the administrative partner for Atlanta.

Joel's notable clients include Aaron's, Asbury Automotive Group, Allison Transmission, Bespoke Capital Acquisition Corp., Bunge Ltd., FleetCor Technologies, ExxonMobil, Flowers Foods, HanesBrands, Helios Technologies, Milliken, Laboratory Corporation of America® Holdings, Newell Brands, Nutrien, P&G, PureCycle Technologies, Rayonier, Roper Technologies, Southern Company, Vintage Wine Estates, and VSE Corporation.

Joel has been recognized as a leading lawyer by The Legal 500 United States. He is a member of the American Bar Association and the State Bar of Georgia.

Joel serves on the board of directors of the Metro Atlanta Chamber of Commerce and Make-A-Wish Georgia.

Experience

  • BioMarin announces governance enhancements and value creation initiativesJones Day advised the Board of Directors of BioMarin Pharmaceutical Inc. ("BioMarin") in connection with its entry into a Cooperation Agreement and an Information Sharing Agreement with activist shareholder Elliott Management.
  • Asbury Automotive Group acquires Jim Koons AutomotiveJones Day advised Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., in its acquisition of Jim Koons Automotive Group of Companies for approximately $1.2 billion in cash.
  • Innventure enters agreement with Learn CWJones Day is advising Innventure LLC in its business combination with Learn CW Investment Corporation, a publicly traded special purpose acquisition company (NYSE: “LCW”) sponsored by CWAM LC Sponsor LLC, an affiliate of Learn Capital and Commonwealth Asset Management.
  • Asbury Automotive amends and restates its $2.8 billion floorplan credit facilityJones Day represented Asbury Automotive Group, Inc. (together with certain of its subsidiaries), one of the largest automotive retail and service companies in the U.S., in connection with the amendment and restatement of its credit facility, providing for an increase in the aggregate commitments to $2.8 billion, consisting of a $1.925 billion new vehicle floorplan facility, a $375 million used vehicle floorplan facility, and a $500 million revolving credit facility.
  • HanesBrands Appoints Three New Independent DirectorsJones Day is advising Hanesbrands, an American multinational clothing company, on activism triggered by public letter from activist shareholder Barington Capital, including the potential disposition of the Champion business. Hanesbrands recently announced its settlement with Barington, involving the appointment of three new independent directors and a consulting agreement between the company and Barington.
  • PureCycle Technologies completes $250 million Green Convertible Senior Notes offeringJones Day represented PureCycle Technologies, Inc., in connection with a Rule 144A offering of $250 million aggregate principal amount of 7.25% Green Convertible Senior Notes due 2030.
  • VSE Corporation completes $120 million public offering of Common StockJones Day represented VSE Corporation (NASDAQ: VSEC) in connection with an underwritten public offering of 2,475,000 shares of VSE's Common Stock at a price of $48.50 per share.
  • Labcorp completes spin-off of FortreaJones Day represented Labcorp (NYSE: LH), a leading global life sciences company, in the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, market access and technology solutions to pharmaceutical and biotechnology organizations around the world.
  • VSE Corporation partners with The Loar Group to acquire Desser AerospaceJones Day advised VSE Corporation (NASDAQ: VSEC) ("VSE") in its acquisition (the "Acquisition") of Desser Aerospace ("Desser") for a purchase price of $124 million.
  • Fortrea completes $570 million private placement of Senior Secured Notes and obtains $1.5 billion credit facilityJones Day represented Fortrea Holdings Inc., a leading global contract research organization (“CRO”) that provides comprehensive phase I through IV biopharmaceutical product and medical device services, patient access solutions and other enabling services, in connection with the Rule 144A and Regulation S offering of $570 million aggregate principal amount of 7.500% Senior Secured Notes due 2030 and a $1.5 billion senior secured credit facility as part of its spin-off from Laboratory Corporation of America Holdings.
  • Nutrien completes US$1.5 billion Senior Unsecured Notes offeringJones Day represented Nutrien Ltd. in connection with a public offering of US$1.5 billion of Senior Notes, consisting of (i) US$750 million aggregate principal amount of 4.900% Senior Notes due 2028 and (ii) US$750 million aggregate principal amount of 5.800% Senior Notes due 2053.
  • FLEETCOR enters into Cooperation Agreement with the D. E. Shaw GroupJones Day represented FLEETCOR Technologies, Inc., a $15 billion market cap business payments company, in connection with its entry into a cooperation agreement with shareholder D.E. Shaw.
  • NioCorp combines with GX Acquisition Corp. IIJones Day advised NioCorp Developments Ltd. (TSX: NB; OTCQX: NIOBF) in its business combination with GX Acquisition Corp. II (Nasdaq: GXII), a publicly-traded special purpose acquisition corporation.
  • Flowers Foods acquires Papa Pita BakeryJones Day advised Flowers Foods, Inc. in its acquisition of Papa Pita Bakery, a leading manufacturer and distributor of high-quality bagels, tortillas, breads, buns, English muffins, and flat breads.
  • HanesBrands completes $600 million Senior Notes offering and prices $900 million term loan B facilityJones Day represented HanesBrands Inc. in connection with (i) a Rule 144A and Regulation S offering of $600 million aggregate principal amount of 9.000% Senior Notes due 2031 and (ii) an amendment to the credit agreement that governs the company's existing senior secured credit facilities to provide for a new $900 million senior secured term loan B facility (the “Term Loan B”).
  • Roper Technologies sells majority stake in industrial businesses to Clayton Dubilier & Rice, LLC for $2.6 billionJones Day advised Roper Technologies, Inc. on the sale of a majority stake in its industrial businesses, including its entire Process Technologies segment and the industrial businesses within its Measurement & Analytical Solutions segment, to an affiliate of Clayton Dubilier & Rice, LLC, for $2.6 billion in cash and contingent consideration of up to $51 million.
  • Nutrien completes US$1 billion Senior Unsecured Notes offeringJones Day represented Nutrien Ltd. in connection with a public offering of US$1 billion of Senior Notes, consisting of (i) US$500 million aggregate principal amount of 5.900% Senior Notes due 2024 and (ii) US$500 million aggregate principal amount of 5.950% Senior Notes due 2025.
  • Rayonier establishes $300 million at-the-market equity programJones Day represented Rayonier Inc. in connection with establishing an at-the-market equity program for the offering and sale of up to $300 million of its Common Shares.
  • Nutrien establishes $4.5 billion commercial paper facilityJones Day represented Nutrien Ltd., an integrated provider of crop inputs and services, in connection with the establishment of a $4.5 billion commercial paper facility.
  • Newell Brands completes $1 billion Senior Notes offeringJones Day represented Newell Brands Inc. in connection with a public offering of $1 billion of Notes, consisting of $500 million aggregate principal amount of 6.375% Senior Notes due 2027 and $500 million aggregate principal amount of 6.675% Senior Notes due 2029.
  • Speaking Engagements

    • December 1, 2016
      Jones Day/EY - Emerging Risks in Financial Reporting and Disclosures
    • October 27, 2016
      Georgia Bas Association / 35th Annual Business Law Institute - What Keeps In-House Law Departments Up At Night
    • January 7, 2016
      Jones Day Atlanta Hosts Diversity Meet & Greet
    • November 9, 2015
      Atlanta Bar Association / Scrutinizing Executive Compensation - The SEC's New Clawback and Pay Ratio Rules
    • March 23, 2012
      Introduction to the Resale of Restricted and Control Securities, ICLE Basic Securities Law Program