Benjamin S.Jacobs (Ben)

Partner

Nueva York + 1.212.326.3726

Ben Jacobs practices primarily in the area of U.S. federal income tax, representing clients with U.S. and cross-border M&A, investments, reorganizations, and joint ventures; international tax planning; financing; and withholding and reporting obligations. He also regularly represents debtors and creditors to develop tax-efficient structures in bankruptcy and distressed restructurings.

Ben's recent experience on M&A transactions includes advising Fairmount Santrol in its pending $4.7 billion merger with the Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV; Verizon in the sale of its cloud business; ABM Industries in its $1.25 billion acquisition of GCA Services; and Orchestra Prémaman in its attempted acquisition of U.S. retailer Destination Maternity. His bankruptcy and restructuring experience includes advising the coal company Alpha Natural Resources and the rare-earth mining company Molycorp in their chapter 11 cases and creditor groups in the restructurings of retailer rue21, inc. and the internet content and solutions provider Answers Corporation.

Ben coauthored the Bloomberg BNA Portfolio Tax Aspects of Restructuring Financially Troubled Businesses, No. 541-5th. While in law school, he represented clients before the IRS and the U.S. Tax Court as a student attorney with the Janet R. Spragens Federal Tax Clinic, assisting them with tax controversy and collections matters.

Experiencia

  • Curbline Properties obtains $400 million revolving credit facility and $100 million delayed draw term loan facilityJones Day represented Curbline Properties LP and Curbline Properties Corp. in connection with a new $400 million senior unsecured revolving credit facility and $100 million senior unsecured delayed draw term loan facility with Wells Fargo Bank, National Association, as administrative agent, following the spin-off of Curbline Properties Corp. from SITE Centers Corp.
  • SITE Centers completes spin-off of Curbline Properties Corp.Jones Day advised SITE Centers (NYSE: SITC) in the spin-off of Curbline Properties Corp. (“Curbline”) as a separate publicly traded company listed on the New York Stock Exchange under the ticker symbol “CURB”.
  • Verizon agrees to $3.3 billion tower prepaid lease transaction with Vertical BridgeJones Day is advising Verizon Communications, Inc. in a prepaid lease transaction with Vertical Bridge REIT LLC. In connection with the transaction, Vertical Bridge will obtain the exclusive rights to lease, operate and manage more than 6,000 wireless communications towers across all 50 states and Washington, D.C. from subsidiaries of Verizon for a total value of approximately $3.3 billion, including certain commercial benefits. The transaction is structured as a prepaid lease with upfront proceeds of approximately $2.8 billion in cash.
  • Cushman & Wakefield sells third-party multi-site vendor managed site maintenance businessJones Day advised Cushman & Wakefield in the sale of its third-party multi-site vendor managed site maintenance business, including the sale of wholly-owned subsidiaries Cushman & Wakefield Solutions, LLC and Cushman & Wakefield Solutions Canada ULC to Vixxo, a leading facilities solutions company.
  • TopBuild attempts to acquire Specialty Products & InsulationJones Day advised TopBuild Corp. (NSYE: BLD) in its attempted acquisition of Specialty Products & Insulation from private equity firm Incline Equity Partners in an all-cash transaction valued at $960 million.
  • DataBank obtains $725 million senior secured revolving credit facility to finance development of data centersJones Day represented DataBank Holdings, Ltd. in connection with a $725 million senior secured revolving credit facility to finance existing and future data center construction projects.
  • Blue Flag and affiliated funds obtain new subscription credit facilityJones Day represented Blue Flag and its managed funds Signal H Investment Partnership III, LP ("SHIP III") and Signal H Investment Parallel Partnership III, LP ("Parallel Fund") in connection with SHIP III and Parallel Fund's new subscription facility with a private national bank based in New York, as the sole lender.
  • TenCate Grass sells majority interest in Company to Leonard Green & Partners, LPJones Day advised the management team of TenCate Grass Holding B.V. in connection with Leonard Green & Partners, LP's acquisition of a majority stake in TenCate Grass from Crestview Partners and select other shareholders.
  • Riverside forms RAC Opportunity Fund IIJones Day advised The Riverside Company in the formation of RAC Opportunity Fund II, L.P. ("RAC Opp Fund II"), which closed at $235 million.
  • Global secondaries manager purchases portfolio of private equity fund interestsJones Day represented a global secondaries manager in connection with the purchase of a portfolio of private equity fund interests
  • Webster Bank provides $95 million asset-based credit facility to leading cabinet manufacturerJones Day represented Webster Bank, N.A. as administrative agent, collateral agent, sole lead arranger, bookrunner, and a lender, in connection with a $95 million credit facility consisting of a $55 million revolving credit facility, a $25 million equipment credit facility, and a $15 million term loan facility, provided to one of the fastest growing cabinet manufacturers in the United States.
  • American Pacific Group acquires Spark Power Group Inc.Jones Day acted as U.S. counsel to American Pacific Group, L.P. in the approximately C$140 million acquisition of Spark Power Group Inc., a leading independent provider of end-to-end electrical services and operations and maintenance services to the industrial, utility, and renewable asset markets in North America.
  • Flottec sold to Nalco WaterJones Day represented Flottec, LLC, a company focused on the development of advanced flotation technology and the supply of flotation reagents and mineral processing chemicals, in connection with its sale to Nalco Company LLC, an Illinois-based supplier of water, energy and air improvement solutions and services for industrial markets and Ecolab Inc. company.
  • Large financial institution provides $82.5 million term loan credit facility to mid-market fundJones Day advised a large financial institution, as lender, in connection with a $82.5 million senior secured term loan credit facility provided to a mid-market fund that invests in asset-backed securities and credit-linked notes.
  • Affinity Partners leads €207 million Series F financing of EGYMJones Day represented Affinity Partners in its acquisition of an interest in EGYM, a global fitness technology and corporate health innovation leader, in a Series F financing of €107 million, with an additional €100 million available for future investments.
  • Labcorp completes spin-off of FortreaJones Day represented Labcorp (NYSE: LH), a leading global life sciences company, in the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, market access and technology solutions to pharmaceutical and biotechnology organizations around the world.
  • Prophet Capital completes continuation vehicle investment with natural gas producerJones Day advised Prophet Capital Asset Management LP in the restructuring of an existing fund into a continuation investment vehicle in connection with the leading of a buy-out of other third party investors in a natural gas producer, with a total transaction value of approximately $270 million.
  • Doctrine partners with Summit Partners and Peugeot InvestJones Day advised Forseti (d/b/a Doctrine), a French legaltech developing the leading search engine for precedents, in connection with the acquisition of a controlling stake by Summit Partners and Peugeot Invest.
  • Horizon Global merges with First Brands GroupJones Day represented Horizon Global Corporation in its acquisition by First Brands Group, LLC, a global automotive parts manufacturer that serves the worldwide automotive aftermarket.
  • Agencias Universales S.A. (AGUNSA) acquires 75% of the Carver Maritime Manatee port terminal operator in FloridaJones Day advised Agencias Universales S.A. (AGUNSA) in the acquisition of a 75% equity interest in Carver Maritime Manatee, a terminal operator at SeaPort Manatee, a deep water seaport located at the entrance to Tampa Bay in northern Manatee County, Florida.