Stephen P.Parrinello (Steve)

Partner

New York + 1.212.326.8377

From diligence and structuring through post-transaction integration, Steve Parrinello has brought creative solutions to the table when helping clients navigate byzantine tax rules in some of their most complex transactions. He also regularly advises global clients in creating and maintaining efficient cross-border arrangements, collaborating with other tax lawyers in Jones Day's offices all over the world. He is called upon regularly by clients to answer critical tax withholding and reporting questions, as well as by the Firm's litigation lawyers on the tax consequences of judgments and settlements.

Steve's experience runs the gamut, including representations of multinational corporations in billion dollar taxable and tax-free strategic acquisitions and dispositions and long-standing representations of private equity funds that focus on middle-market equity and debt investments. Steve also regularly advises tax-exempt entities on a pro bono basis, including the No Greater Sacrifice Foundation.

Experience

  • Astellas Pharma acquires iota BiosciencesJones Day advised Astellas Pharma Inc. in its acquisition of iota Biosciences.
  • USI Insurance Services to acquire Findley, Inc.Jones Day is advising USI Insurance Services, a top 10 insurance broker, in connection with its acquisition of the stock of Findley, Inc., a leading independent human resources and employee benefits consulting firm, providing actuarial, benefits and administrative consulting services to private and publicly held companies, the public sector, and non-profit organizations.
  • Twin River Worldwide Holdings completes $125 million Senior Notes offeringJones Day represented Twin River Worldwide Holdings, Inc. (“Twin River”) in connection with a Rule 144A and Regulation S offering of $125 million aggregate principal amount of 6.750% Senior Notes due 2027.
  • J.F. Lehman portfolio company acquires Murphy Pipeline ContractorsJones Day advised Inland Pipe Rehabilitation, a portfolio company of an investment affiliate of J.F. Lehman & Company, in its acquisition of Murphy Pipeline Contractors, a leading provider of trenchless pipe rehabilitation solutions and technology to the municipal wastewater and storm water markets.
  • Playboy to become public company by combining with Mountain Crest Acquisition Corp.Jones Day is advising Playboy Enterprises, Inc. in its definitive merger agreement with Mountain Crest Acquisition Corp. (Nasdaq: MCAC) ("Mountain Crest"), a publicly-traded special purpose acquisition corporation (SPAC), whereby Playboy shareholders will be entitled to receive shares of common stock in Mountain Crest, and Mountain Crest will assume outstanding Playboy debt, for a total purchase price valued at approximately $381 million.
  • Laureate Education to sell Brazilian operations to Ser Educacional S.A. for R$3.862 billionJones Day is acting as special tax counsel to Laureate International, Inc. in its entering into a definitive agreement with Ser Educacional S.A. for the sale of its Brazilian operations.
  • Diebold Nixdorf completes offering of $700 million of Senior Secured NotesJones Day represented Diebold Nixdorf, Incorporated, a global leader in driving connected commerce for the banking and retail industries, in connection with the issuance of its $700 million aggregate principal amount of 9.375% Senior Secured Notes due 2025 in a Rule 144A and Regulation S offering.
  • Diebold Nixdorf completes offering of €350 million of Senior Secured NotesJones Day represented Diebold Nixdorf, Incorporated, a global leader in driving connected commerce for the banking and retail industries, in connection with the issuance by its wholly-owned Dutch subsidiary, Diebold Nixdorf Dutch Holding B.V., of €350 million aggregate principal amount of 9.000% due 2025 in a Rule 144A and Regulation S offering.
  • J.F. Lehman raises $1.35 billion for fifth fundJones Day represented J.F. Lehman & Company, LLC in connection with the formation of JFL Equity Investors V, L.P. and its related investment funds.
  • J.F. Lehman portfolio company acquires Heneghan Wrecking CompanyJones Day advised NorthStar Group Services, Inc., a portfolio company of investment affiliates of J.F. Lehman & Company, in connection with the acquisition of Heneghan Wrecking & Excavating Co., Inc. and Patrick's Equipment Leasing, Inc., providers of complete structural and interior deconstruction, excavation, and emergency response services for commercial and industrial clients across the Midwest.
  • Hard Rock International acquires full intellectual property rights to Hard Rock Hotel & Casino® in Las Vegas in deal with Juniper CapitalJones Day advised Hard Rock International in its acquisition of all rights to the Hard Rock® brand and related trademarks in Las Vegas from private equity firm Juniper Capital.
  • LendingTree announces strategic investment in StashJones Day advised LendingTree, Inc. in its strategic investment in Stash, one of the fastest-growing banking and investing services in the U.S.
  • Twin River Worldwide Holdings to acquire three casinos from Eldorado and Caesars for $180 millionJones Day is advising Twin River Worldwide Holdings, Inc. in the $155 million acquisition of Eldorado Shreveport Resort and Casino in Shreveport, Louisiana, and the Mont Bleu Resort Casino & Spa in Lake Tahoe, Nevada, from Eldorado Resorts, Inc., and Bally's Atlantic City Hotel & Casino in New Jersey from Caesars Entertainment Corporation and Vici Properties Inc. for $25 million.
  • USI Insurance Services acquires Chapman & ChapmanJones Day advised USI Insurance Services in its acquisition of Cleveland, Ohio-based Chapman & Chapman, Inc., a regional employee benefit and retirement consulting firm.
  • J.F. Lehman acquires Global Marine GroupJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in connection with the acquisition and related financing of Global Marine Group.
  • VSE Corporation divests Prime Turbines, LLC to PTB Holdings USA, LLCJones Day advised VSE Corporation, a leading provider of distribution and repair services for land, sea, and air transportation assets in the public and private sectors, in the sale of subsidiary Prime Turbines, LLC to PTB Holdings USA, LLC.
  • J.F. Lehman acquires Integrated Global ServicesJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in the acquisition and related financing of Integrated Global Services, Inc. ("IGS").
  • USI Insurance Services acquires Full Service Insurance AgencyJones Day advised USI Insurance Services in its acquisition of Franklin, Tennessee-based insurance agency Full Service Insurance Agency, Inc.
  • Twin River Worldwide Holdings acquires three Colorado casinos from Affinity Gaming for $51 millionJones Day advised Twin River Worldwide Holdings, Inc. in its acquisition from a subsidiary of Affinity Gaming of three casino properties, Golden Gates, Golden Gulch, and Mardi Gras, in Black Hawk, Colorado, for $51 million.
  • Flat River Group receives investment by Guardian Capital PartnersJones Day advised Flat River Group, LLC, an eCommerce distributor, marketer, and service provider, in connection with the investment by Guardian Capital Partners.
  • Speaking Engagements

    • June 2015
      Mergers & Acquisitions: Dissecting the Purchase Agreement and Tracking Due Diligence, 2015 Tax Executive Institute Region III Conference, Foxwoods Resort and Casino
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