Patrick B. O'Brien

Partner

New York + 1.212.326.3678

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Patrick O'Brien's practice focuses on providing clients worldwide with U.S. federal income tax advice in connection with structuring and implementing a variety of corporate and partnership transactions in a tax-efficient manner. His experience includes taxable and tax-free acquisitions and dispositions, complex capital restructurings, partnership formations and capitalizations, joint ventures, debt instruments and derivatives, foreign currencies, energy tax credits, real estate transactions, and foreign investments in the United States.

Patrick has extensive experience in the funding, formation, operation, and dissolution of partnerships, limited liability companies, and other business arrangements classified as partnerships for U.S. federal income tax purposes, including the use of partnership vehicles in private equity, M&A, and restructuring transactions (both U.S. and cross-border). He has counseled clients across a broad range of industries, including Bank of America, Celgene Corporation, EagleTree Capital, Goode Partners, Ospraie Management, Procter & Gamble, and The Riverside Company.

Patrick is a member of the New York State Bar Association and has been recognized as a "Rising Star" by New York Super Lawyers.

Experience

  • Kraken acquires NinjaTraderJones Day advised Payward, Inc. d/b/a Kraken, a cryptocurrency exchange, in connection with its $1.5 billion acquisition of NinjaTrader Group Holdings, LLC, a leading futures trading broker.
  • Riverside acquires Door & Window Guard Systems (DAWGS)Jones Day represented The Riverside Company in connection with the acquisition and financing of Door & Window Guard Systems (DAWGS), a premier provider of door and window guards designed to secure vacant properties.
  • Sky Island Capital portfolio company acquires Paper Tubes and Sales Co.Jones Day represented Sky Island Capital in the acquisition and financing by portfolio company Pacific Paper Tube Inc. of Paper Tubes and Sales Co., one of the largest independent manufacturers of paper cores, tubes, and composite cans in the United States.
  • Delaware North completes business combination and debt financing transaction of its Illinois Route-Gaming businessJones Day advised Delaware North in the business combination transaction of its route-gaming business in Illinois with Eureka Entertainment's Universal Gaming Group.
  • Riverside acquires Wall Street PrepJones Day advised The Riverside Company in the acquisition and financing of Wall Street Prep, Inc., a leading provider of instructor-led and online training programs for the financial services industry.
  • MPE Partners acquires SKB CasesJones Day advised MPE Partners in the acquisition and financing of SKB Cases, a leading manufacturer of specialty protective cases serving the military and industrial, music and pro AV, and sports end markets.
  • OEConnection acquires PartsTechJones Day advised OEConnection in the acquisition of PartsTech, Inc., an auto parts procurement platform for mechanical repair shops.
  • Morgan Stanley Capital Partners acquires FoodScienceJones Day advised Morgan Stanley Capital Partners in the acquisition and financing of FoodScience, a provider of nutritional supplements and products for people and pets.
  • Riverside sells Red Nucleus to Thomas H. Lee PartnersJones Day represented The Riverside Company in its sale of Red Nucleus, an industry-leading integrated provider of learning and development, medical communications, market access, and R&D and clinical solutions to the life sciences industry globally, to Thomas H. Lee Partners.
  • Guardian Pharmacy Services completes $128.8 million IPO and pre-IPO corporate reorganizationJones Day represented Guardian Pharmacy Services, Inc., a leading long-term care pharmacy services company, in connection with its $128.8 million initial public offering (“IPO”) and pre-IPO corporate reorganization.
  • Riverside portfolio company acquires Labor Law Center, LLCJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company OutSolve LLC of Labor Law Center, a premier leading provider of labor law compliance services.
  • CBRE Investment Management forms strategic partnership with Gilbane Development Company to own and develop student housing propertiesJones Day advised CBRE Investment Management in connection with the formation of a strategic partnership with Gilbane Development Company, involving six premier, purpose-built, student housing properties across the United States. The transaction included a recapitalization of three operational communities through a GP-Led secondary and three development projects.
  • Riverside-led investor group acquires The Townsend GroupJones Day advised The Riverside Company in the acquisition and financing of The Townsend Group, a leading provider of global investment management and advisory services focused exclusively on real estate and real assets, from Aon plc, a leading global financial services firm.
  • Tail End Strategic Capital Partners obtains $30 million subscription line of creditJones Day represented Tail End Strategic Capital Partners, an innovative private equity firm focusing on secondary opportunities, in connection with a $30 million subscription line of credit.
  • Sky Island Capital acquires Pacific Paper TubeJones Day advised Sky Island Capital in the acquisition and financing of Pacific Paper Tube Inc., a leading manufacturer of paper tubes and cores throughout the western U.S.
  • Program Productions acquires Rhino StagingJones Day advised Program Productions, Inc. in the purchase of substantially all of the assets of Rhino Staging & Event Productions, Inc. and its affiliated companies, a leader in event stagehand labor management and services for live events across the United States.
  • Riverside sells Energy Exemplar to Blackstone and Vista Equity PartnersJones Day advised investment funds affiliated with Riverside's Australia Fund in connection with the sale of its Energy Exemplar platform to a newly formed acquisition vehicle jointly controlled by investment funds affiliated with Blackstone and Vista Equity Partners.
  • MPE Partners acquires BAF IndustriesJones Day advised MPE Partners in the acquisition and financing by portfolio company Appearance Technology Group of BAF Industries, a manufacturer of branded, consumable car care liquid chemicals and specialty aerosols for professional and do-it-yourself users.
  • Norwest Equity Partners acquires MDC Interior SolutionsJones Day advised Norwest Equity Partners in the acquisition and financing of MDC Interior Solutions, LLC, a leading commercial interior wallcoverings and design solutions company.
  • American Pacific Group acquires C.F. StinsonJones Day advised American Pacific Group in the acquisition and financing of C.F. Stinson, LLC, a leading distributor of fabric products.
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    August 2020 Alert

    U.S. Treasury Department Releases Proposed Carried Interest Regulations

    September 2019 Alert

    New Immediate Expensing Regulations Present Opportunities and Questions

    August 2018 Alert

    Proposed Treasury Regulations Provide Details on Tax Reform's Passthrough Deduction

    November 2015 Commentary

    New Partnership Tax Audit Rules Will Impact Private Investment Fund Vehicles

    Spring 2013 Jones Day Publications

    The Climate Report

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