Richard M.Nugent

Ranked in Chambers USA, Richard Nugent is described as "a strong business partner" and "a valued adviser" whose "level of client service cannot be beaten."

Richard has over 20 years experience advising: on the tax aspects of public and private M&A deals, spin-offs, and internal restructurings; debtors and creditors within and outside bankruptcy; and on financings and other capital markets transactions and partnerships.

Richard currently represents Labcorp in the tax-free spin-off of its Clinical Development business. He advised the Jackson Crossover Group debtholders in the Intelsat bankruptcy, which involved the restructuring of $14.7 billion of prepetition debt; Procter & Gamble (P&G) in its $4.2 billion acquisition of Merck's consumer health business and its acquisitions of TULA Life, Farmacy Beauty, and This is L; Wabtec in its $11.1 billion Reverse Morris Trust (RMT) with GE Transportation, its acquisition of Nordco, and its Green Bonds issuance; Conagra in its $10.9 billion acquisition of Pinnacle Foods and the sales of its direct store delivery snacks business and Peter Pan; Cooper Tire in its $2.5 billion sale to Goodyear; Eagle Tree in numerous private equity transactions; Marubeni in the sale of Gavilon's global grain business to Viterra; the shareholders of Pacific Gas and Electric in its bankruptcy; and the term loan lenders in the iHeart bankruptcy.

Before joining Jones Day, Richard advised P&G on the tax-free RMT dispositions of its specialty beauty business to Coty and its Folgers coffee business to Smucker, the tax-free split-off of Duracell to Berkshire Hathaway, and the sale of Pringles to Kellogg and advised the Treasury Department in the General Motors and Chrysler bankruptcies.

Richard is a frequent speaker on tax issues at PLI programs.