Dotun O.Obadina

Partner

Minneapolis + 1.612.217.8859

Dotun Obadina advises public and private companies on transactional and corporate law matters, including public company representations, domestic and cross-border M&A, joint ventures, and other strategic transactions. He also counsels clients on general corporation governance matters. Dotun leads the M&A Practice in the Minneapolis Office.

Dotun represents companies in a broad range of industries. He has advised clients on a variety of transactions, including USG's $7 billion sale to Gebr. Knauf; Cleveland-Cliffs' $3 billion acquisition of AK Steel and $1.4 billion acquisition of ArcelorMittal USA; Huntington Ingalls Industries' $1.65 billion acquisition of Alion Science and Technology; NRG Energy's $1.375 sale of its ownership in NRG Yield and NRG's Renewables Platform to Global Infrastructure Partners; Calgon Carbon's $1.3 billion sale to Kuraray Co., Ltd.; Eastman Chemical's $800 million sale of its tire additives business to One Rock Capital Partners; and PolyOne's $775 million sale of its Performance Products and Solutions business to SK Capital.

Dotun is a two-time Leadership Council on Legal Diversity (LCLD) Fellow (2013 and 2020). In 2021, he was also included in The Deal's list of "Top Rising Stars" and named to Bloomberg Law's "They've Got Next: The 40 Under 40." Dotun currently serves on the board of directors of Wilderness Inquiry, a nonprofit organization that aims to provide access to the outdoors to all.

Dotun joined Jones Day in 2016 and became a partner in 2021.

Experience

  • Huntington Ingalls Industries acquires Alion Science and Technology for $1.65 billionJones Day advised Huntington Ingalls Industries in the $1.65 billion acquisition of Alion Science and Technology Corporation from Veritas Capital.
  • Delaware North launches Gamewise joint venture partnership for sports betting and iGamingJones Day advised Delaware North in the formation of a joint venture with leading Belgian gaming and sports betting partner, GAMING1, for sports betting and iGaming.
  • Eastman sells tire additives business product lines to One Rock Capital PartnersJones Day advised Eastman Chemical in the $800 million sale of the rubber additives (including Crystex™ insoluble sulfur and Santoflex™ antidegradants) and other product lines and related assets and technology of the global tire additives business of its Additives & Functional Products segment to an affiliate of One Rock Capital Partners, LLC.
  • Cleveland-Cliffs acquires ArcelorMittal USA for approximately $1.4 billionJones Day advised Cleveland-Cliffs Inc. in connection with the acquisition and financing of substantially all of the operations of ArcelorMittal USA for approximately $1.4 billion.
  • Polaris teams up with Zero Motorcycles to electrify ATVs and snowmobilesJones Day represented Polaris Industries Inc., OEM of off-road vehicles/ATVs, snowmobiles, motorcycles and boats sold under the POLARIS, RZR, RANGER, GENERAL, SPORTSMAN, INDIAN, and HURRICANE brands, among others, on its entry into a joint development, licensing, and services relationship with Zero Motorcycles, a global leader in electronic motorcycle powertrains and technology.
  • Cleveland-Cliffs acquires AK Steel in $1.1 billion stock swapJones Day advised Cleveland-Cliffs Inc. (NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs acquired all of the issued and outstanding shares of AK Steel common stock.
  • 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.
  • TriMas sold Lamons business to First Reserve for $135 millionJones Day advised TriMas Company, LLC, a wholly-owned subsidiary of TriMas Corporation, in its $135 million sale of its Lamons business, a provider of industrial sealing and fastener solutions used in mission-critical, high-consequence applications in the petrochemical, petroleum refining, midstream energy transportation, upstream oil and gas, metropolitan water and wastewater management end markets, to First Reserve, a private equity firm focused on energy investing.
  • 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.
  • Procter & Gamble sells its Fluocaril and Parogencyl oral care brands to UnileverJones Day advised The Procter & Gamble Company in the sale of its Fluocaril and Parogencyl oral care brands to Unilever.
  • USG acquired by Gebr. Knauf for $7 billionJones Day advised USG Corporation in the acquisition by Gebr. Knauf KG ("Knauf") of all of the outstanding shares of USG in a transaction valued at $7 billion.
  • NRG Energy sells ownership in NRG Yield and NRG's Renewables Platform to Global Infrastructure PartnersJones Day represented NRG Energy, Inc. in the sale of NRG’s ownership in NRG Yield and NRG’s Renewables Platform to Global Infrastructure Partners (GIP) for cash proceeds of $1.375 billion, subject to certain adjustments.
  • Cooper Standard acquires Lauren Manufacturing and Lauren PlasticsJones Day advised Cooper Standard regarding its acquisition of Lauren Manufacturing and Lauren Plastics, extruders and molders of organic, silicone, thermoplastic and engineered polymer products with expertise in sealing solutions for industrial and specialty automotive applications.
  • Riverside acquires majority stake in AbraconJones Day represented The Riverside Company in connection with the acquisition and related financing of a majority stake in Abracon, a Texas-based global provider of passive and electromechanical timing, synchronization, power, connectivity and radio frequency (RF) solutions from Evergreen Pacific Partners.
  • Calgon Carbon acquired by Kuraray for $1.3 billionJones Day advised Calgon Carbon Corporation (NYSE:CCC) in its $1.3 billion all-cash acquisition by Kuraray Co., Ltd. (TSE:3405).
  • Allegheny Technologies and Tsingshan form innovative stainless steel joint ventureJones Day advised Allegheny Technologies (ATI), a global manufacturer of advanced specialty materials, in connection with the formation of a 50/50 joint venture with an affiliate of Tsingshan Group.
  • Cleveland-Cliffs acquires remaining equity interest in Tilden Mine for $105 millionJones Day advised Cleveland-Cliffs Inc. in its $105 million acquisition of United States Steel Corporation’s 15 percent equity interest in the Tilden Mining Company.
  • PolyOne sells Designed Structures and Solutions to Arsenal Capital Partners for $115 millionJones Day advised PolyOne Corporation in the $115 million sale of its Designed Structures and Solutions (DSS) business, which includes sheet, rollstock and packaging assets, to Arsenal Capital Partners.
  • Allegheny Technologies and GE Aviation announce meltless titanium joint ventureJones Day advised Allegheny Technologies Incorporated in its joint venture with GE Aviation for the development of a new meltless titanium alloy powder manufacturing technology.
  • American Apparel sells IP rights to Gildan ActivewearJones Day represented American Apparel, LLC ("AA") in its second chapter 11 case, which was filed on November 14, 2016.
  • The following represents experience acquired prior to joining Jones Day.

    Represented specialty metals maker, Allegheny Technologies Incorporated (NYSE: ATI), in connection with the cross-border sale of its tungsten materials business to Kennametal (NYSE: KMT) for approximately $605 million. ATI's tungsten materials business had approximately 1,175 employees operating through 14 facilities globally and produced tungsten powder, tungsten heavy alloys, tungsten carbide materials, and carbide cutting tools.

    Represented an emerging growth company, which manufactures and distributes innovative child products, in connection with the $30 million sale of preferred units to a nationally recognized venture capital firm.

    Represented a high-tech baby gear company in connection with two venture capital investments in the aggregate amount of $60 million.

    Represented SDI Media, a global market-leading localization company serving the media and entertainment industry, and its parent companies in the sale of SDI to a consortium of Japanese companies.

    Represented a client that manufactures specialty equipment in its asset acquisition of a rough, semi-finish, and finish machine shop business that supplies mission critical parts to the oil field, midstream oil and gas, petrochemical, and related industries.

    Represented a global Fortune 500 company in the paints, chemicals, and specialty materials industry in its acquisition of a privately owned specialty coatings company supplying structural primers and military topcoats to the North American aviation industry.

    Represented a private retail apparel chain in the Northeast in the sale of a controlling interest to a private equity investment group.

    Represented a water management company in connection with the sale of its assets.

    Represented a diversified Fortune 50 company in the acquisition of the assets of an elevator service company.

    Represented one of the world's largest coal producers in connection with a $375 million private offering of senior notes.

    Additional Publications

    Getting Back to the Purpose: Analyzing Jones v. Harris Associates L.P. in Light of Section 1(b) of the Investment Company Act, 94 Marq. L. Rev. 679, 2010