Teresa A.Maloney (Terry)

Partner

San Francisco + 1.415.875.5789

Terry Maloney has more than 30 years of experience advising a broad array of clients on complex federal income tax issues. She has in-depth experience representing sovereign wealth funds (SWFs) and has represented SWFs in billions of dollars of investments in U.S. assets, including investments in stocks, securities, private equity funds, real estate funds, lending funds, and other types of assets. Terry has handled transactions for foreign and domestic clients in a wide range of areas, including private equity, M&A, real estate investments trusts (REITs), and partnerships, with particular emphasis on planning for inbound investment in U.S. real estate.

Terry's experience in the past year illustrates the scope of her practice. In addition to representing foreign governments and foreign pensions in U.S. investments, she has assisted with the formation of real estate funds and REITs, provided tax advice to sponsors of private equity funds, and worked on a number of public offerings of a REIT securities. Terry has also formed credit funds, counseled tax-exempt clients in acquisitions in the health care industry, and worked with mortgage REITs and other lenders to structure financing transactions and securitizations.

Terry's focus for the past several years has been the U.S. taxation of inbound investments, particularly the taxation of foreign governments. She has written extensively on the subject, as well as on the tax aspects of fund formation and other topics. She is a member of the American Bar Association (Tax Section) and the State Bar of California.

Experience

  • Hookit sells company to Kore SoftwareJones Day advised Hookit in the sale of 100% of Hookit’s stock to KORE Software, a portfolio company of Serent Capital.
  • MassMutual provides $900 million NAV-based senior secured loan agreement to secondary private equity fundJones Day represented Massachusetts Mutual Life Insurance Company in connection with a $900 million NAV-based senior secured loan agreement to a secondary private equity fund, the proceeds of which will be used to fund the purchase of limited partner interests and capital calls.
  • Sempra Energy sells PXiSE Energy SolutionsJones Day advised Sempra Energy in the sale of membership interests in PXiSE Energy Solutions to Yokogawa Electric Corporation.
  • VIA Technologies enters into agreement with Intel for recruitment of employeesJones Day represented VIA Technologies, Inc. in its entry into a definitive agreement with Intel.
  • Hilti Group acquires Fieldwire for approximately $300 millionJones Day is advising the Hilti Group in its acquisition of Fieldwire, a San Francisco, California, based construction technology company specialized in construction project management software, for approximately $300 million.
  • CDPQ invests in $54 million Series C financing of JupiterJones Day advised CDPQ in the $54 million Series C financing of Jupiter, the global leader in climate analytics for resilience and risk management.
  • Qubiqle (d/b/a Plate IQ) raises $160 million from FTV CapitalJones Day advised Qubiqle (d/b/a Plate IQ) in the sale of a majority equity stake to FTV Capital for $160 million.
  • Financial institutions underwrite $500 million Senior Notes offering by self-managed healthcare real estate companyJones Day represented the joint book-running managers in connection with a $500 million public offering of Senior Notes by a self-managed healthcare real estate company, which are guaranteed by its sole general partner.
  • Neura acquired by Otonomo TechnologiesJones Day advised Neura, Inc., a leader in AI-powered mobility intelligence, in its acquisition by Otonomo Technologies Limited.
  • Pattern secures $225 million growth equity investment led by Knox LaneJones Day represented Pattern Inc., a Utah based e-commerce accelerator that helps brands optimize sales on marketplaces like Amazon, Walmart, Target, eBay and Google, in connection with a $225 million Series B Preferred Stock financing transaction, led by Knox Lane.
  • Cube Infrastructure Fund III reaches €1.0 billion first closeJones Day represented Cube Infrastructure Managers in the first closing of Cube Infrastructure Fund III, a €1.0 billion Luxembourg fund.
  • KeyBanc Capital Markets Inc.-led group of sales agents establishes at-the-market equity program for sale of up to $150 million of Common Shares by Alexander & Baldwin, Inc.Jones Day represented a KeyBanc Capital Markets Inc.-led group of sales agents in connection with the establishment of an at-the-market equity program for the sale of up to $150 million of Common Shares by Alexander & Baldwin, Inc., a premier commercial real estate company located in Hawaii and owner of the largest grocery-anchored, neighborhood shopping center portfolio in the state.
  • True Capital forms True Capital III LPJones Day represented True Capital Ltd in connection with the formation of True Capital III LP, its third closed-ended fund focused on retail and consumer assets in the UK and globally.
  • Large regional property manager sells $1 billion portfolio of 27 multifamily propertiesJones Day represented a large regional property manager in its $1 billion sale of a portfolio of 27 multifamily properties consisting of over 500 buildings and close to 8,000 units.
  • Representation of KKR in $200 million Series B financing of portfolio company OneStream Software at $6 billion valuationJones Day represented Kohlberg Kravis Roberts & Co. L.P. in connection with the $200 million Series B financing of its portfolio company OneStream Software at a $6 billion valuation.
  • Playboy acquires sexual wellness chain LoversJones Day advised Playboy Enterprises Inc. in its $25 million acquisition of TLA Acquisition Corp., the parent company of the Lovers family of stores, a leading omni-channel online and brick-and-mortar sexual wellness chain, with 41 stores in five states.
  • Wells Fargo provides $250 million refinancing to national homebuilderJones Day advised Wells Fargo Bank, National Association in its $250 million unsecured revolving credit facility to a national homebuilder.
  • Five9 acquires Inference Technologies GroupJones Day advised Five9, Inc. in its acquisition of Inference Technologies Group, Inc., a leading global provider of Intelligent Virtual Agents for sales and service organizations.
  • True Capital Ltd participates in $450 million Series C financing round of ZwiftJones Day advised True Capital Ltd, in connection with its participation in the $450 million Series C financing of Zwift, Inc., an online fitness platform for cyclists and runners.
  • Grindr sold to San Vicente Acquisition LLC for $608 millionJones Day advised Grindr in its $608 million sale by Beijing Kunlun Tech Co Ltd of substantially all of the equity interests in Grindr Inc. to San Vicente Acquisition LLC.