William A.Herzberger (Will)

Partner

Cleveland + 1.216.586.7082

Will Herzberger has more than 30 years of experience advising clients on complex commercial, industrial, mining, and multifamily real estate transactions. His experience includes real estate finance, real estate assets in bankruptcy/distress business cases, and advising on the structure and formation of entities for real estate-related activities. Will leads the Real Estate Practice in Jones Day's Cleveland Office and is the Cleveland Office coordinator for Pro Bono and Public Service Activities.

Will advised the Cleveland Clinic in connection with its politically charged redevelopment of a regional hospital into a new $35 million Family Health Center. He also advised top level ownership of a national multifamily housing developer to anticipate a future succession of management to the next generation of family ownership. Will's distressed real estate experience includes advising Chrysler LLC with respect to the disposition of real estate assets in bankruptcy; assisting International Steel Group on its acquisitions of bankrupt Acme Steel, Bethlehem Steel, Georgetown Steel, and Weirton Steel; and advising National City Bank on a bulk disposition program of hundreds of foreclosed (real estate owned [REO]) properties. He also has significant experience coordinating real estate aspects of M&A transactions for both strategic and financial purchasers and represents industrial and office facility tenants in leasing transactions.

Will serves as chair of the board of directors for a community-based nonprofit hospice provider, Hospice of the Western Reserve (the sixth largest nonprofit hospice in the United States and largest hospice in Ohio), and serves on the board of an affiliate of The Legal Aid Society of Cleveland.

Expérience

  • J.F. Lehman & Company portfolio company acquires White Lake Dock & DredgeJones Day advised J.F. Lehman & Company in the acquisition and financing by portfolio company, ENTACT, LLC, of White Lake Dock & Dredge, Inc.
  • Timken acquires Des-CaseJones Day advised The Timken Company in the acquisition of Des-Case Corp., a Nashville, Tenn.-based manufacturer of specialty filtration products for industrial lubricants.
  • Diebold Nixdorf successfully restructures over $2.7 billion in funded debt and completes the first-ever dual proceeding under the U.S. bankruptcy code and Dutch restructuring law in 71 daysIn the first-ever cross border restructuring involving dual main proceedings under chapter 11 of the U.S. Bankruptcy Code and a scheme of arrangement (the "Dutch Scheme") under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord ("WHOA")), and the first-ever chapter 15 recognition of Dutch Scheme proceedings and a sanctioned WHOA reorganization plan (the "WHOA Plan"), Jones Day represented Diebold Nixdorf, Incorporated ("Diebold") and certain of its U.S. and Canadian subsidiaries (the "Debtors") in connection with (i) the prepackaged chapter 11 cases of In re Diebold Holding Company, LLC, et al., (Case No. 23-90602-DRJ) commenced on June 1, 2023, in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"); (ii) the Dutch Scheme, commenced on June 1, 2023 by Diebold Nixdorf Dutch Holding B.V. (the "Dutch Issuer") in the District Court of Amsterdam (the "Dutch Court"), and (iii) the chapter 15 proceedings before the Bankruptcy Court commenced by the foreign representative of the Dutch Issuer, wherein the Bankruptcy Court recognized the Dutch Scheme proceeding as a foreign main proceeding and recognized and extended comity to the WHOA Plan that was sanctioned by the Dutch Court.
  • TopBuild acquires Specialty Products & InsulationJones Day is advising TopBuild Corp. (NSYE: BLD) in its acquisition of Specialty Products & Insulation from private equity firm Incline Equity Partners in an all-cash transaction valued at $960 million.
  • ONCAP sells medical division to BiomericsJones Day advised ONCAP in the sale by portfolio company Precision Concepts International of its medical division to Biomerics, a portfolio company of Wasatch Equity Partners.
  • MPE Partners recapitalizes Precision PipelineJones Day advised MPE Partners in the acquisition and financing of Precision Pipeline, LLC, a leading provider of critical repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets.
  • Valmet acquires process gas chromatography business of Siemens AGJones Day is advising Valmet Oyj in the €102.5 million acquisition of the process gas chromatography business of Siemens AG.
  • SER Capital Partners acquires Charah Solutions, Inc.Jones Day advised SER Capital Partners in its acquisition of all of the issued and outstanding shares of common stock of Charah Solutions for a consideration of $6.00 per share.
  • Wells Fargo amends and restates $650 million senior secured revolving credit facility for publicly traded real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment and restatement of a $650 million senior secured revolving credit facility for a publicly traded real estate investment trust.
  • Riverside sells Baker Hill to Flexpoint FordJones Day is representing The Riverside Company in connection with the sale of portfolio company Baker Hill, a provider of cloud-based, end-to-end loan origination, risk management, and analytics software, to Flexpoint Ford.
  • Morgan Stanley Capital Partners portfolio company acquires ASL Print FXJones Day advised Morgan Stanley Capital Partners in connection with the acquisition and financing by portfolio company AWT Labels & Packaging Inc. (AWT) of ASL Print FX (ASL), a leading manufacturer of innovative print solutions to beverage, consumer packaged goods, envelope, and promotional markets across North America.
  • Cibus combines with CalyxtJones Day advised Cibus Global, LLC (“Cibus”), a San Diego based leader in precision gene editing in agriculture, in connection with an all-stock merger with Calyxt, Inc. (NASDAQ: CLXT), under which Cibus and Calyxt created an industry-leading company that combines two pioneers in agriculture-based gene editing and establishes one of the world’s most sophisticated facilities for trait development and plant breeding.
  • NOVA Infrastructure and Nopetro Energy create new renewables platformJones Day represented NOVA infrastructure in the partnership with Nopetro Energy to create Nopetro Renewables, a renewable energy platform focused on renewable natural gas (“RNG”) and biofuels.
  • Sonepar Group acquires Billows Electric SupplyJones Day represented Sonepar in the acquisition by its U.S. subsidiary, Cooper Electric, of Billows Electric Supply, an electrical distribution business operating 19 branch locations in the Philadelphia, South New Jersey, and Wilmington, Delaware, markets.
  • High Road Capital portfolio company acquires Color Putty Co., Inc.Jones Day advised High Road Capital Partners in connection with the acquisition and financing by portfolio company U-C Coatings, LLC of the Color Putty product line, a manufacturing and distribution company specializing in the water- and oil-based putties used for woodwork, flooring, furniture, recreational vehicles, and cabinetry.
  • Evoqua merges with Xylem in $7.5 billion all-stock transactionJones Day advised Evoqua Water Technologies Corp. (NYSE: AQUA) in its $7.5 billion stock-for-stock merger with Xylem Inc. (NYSE: XYL).
  • Riverside portfolio company acquires Mold MedicsJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Threshold Brands of Mold Medics, a provider of residential and commercial mold remediation and air duct cleaning services in Pennsylvania.
  • High Road Capital portfolio company acquires DevLinks, LtdJones Day advised High Road Capital Partners in connection with the acquisition and financing by portfolio company John Henry Foster Minnesota, Inc. of DevLinks, Ltd, a leading systems integrator providing full-service automation solutions to include design, integration, and installation with emphasis on the plastics industry.
  • Rockwood Equity Partners sells BJG Electronics, Inc. to FDH AeroJones Day advised Rockwood Equity Partners LLC in connection with its sale of portfolio company BJG Electronics, Inc. ("BJG"), a global supplier of interconnect and electromechanical products to the world’s leading OEMs in the defense, commercial aviation, business aviation, space, oil and gas, and industrial markets, to FDH Aero ("FDH"), a portfolio company of Audax Private Equity.
  • Swander Pace Capital portfolio company acquires First Place FoodsJones Day advised Swander Pace Capital in the acquisition by its portfolio company Patriot Pickle of First Place Foods, a producer of fresh pickles, fermented pickles, relish, and other pickled vegetables primarily for the foodservice and institutional channels.