Preston M. Smith

Associate

New York + 1.212.326.3408

Preston Smith counsels clients on the U.S. federal income tax aspects of complex transactions, including domestic and cross-border M&A, financings, securities offerings, and restructurings. Preston also regularly advises private funds on matters from formation to exit and liquidation, and he works with large multinational corporations in connection with their global tax planning. Additionally, he works with the Firm's litigation lawyers on the tax consequences of judgments and settlements.

Preston works with nonprofit organizations to secure and maintain tax-exempt status and advises on various tax aspects of transactions for tax-exempt clients.

Prior to attending law school, Preston worked as an advisory associate in the Cyber, Risk, & Regulatory group at PricewaterhouseCoopers in Tampa, Florida.

Esperienze

  • TRG sells company to Gemspring CapitalJones Day advised Technology Recovery Group Ltd. (TRG), a leading provider of technology lifecycle management solutions focused on enterprise mobility, in the sale of the company to Gemspring Capital.
  • J.F. Lehman & Company finances its acquisition of majority shareholding in Wellman DynamicsJones Day represented long-standing client J.F. Lehman & Company, a leading alternative asset manager focused exclusively on the aerospace, defense, government, maritime, environmental, and infrastructure sectors, in the financing of its acquisition of a majority shareholding in Wellman Dynamics.
  • Two Harbors announces acquisition by UWMCJones Day is advising Two Harbors Investment Corp. (NYSE: TWO), a leading MSR focused REIT and one of the largest servicers of conventional mortgages in the country, in its acquisition by UWM Holdings Corporation (NYSE: UWMC), the publicly traded indirect parent of United Wholesale Mortgage, the #1 overall mortgage lender in America, in an all-stock transaction for $1.3 billion in equity value, based on a fixed exchange ratio of 2.3328x.
  • TriMas sells Aerospace segmentJones Day advised TriMas in the $1.45 billion sale of its Aerospace segment to an affiliate of Tinicum L.P.
  • EagleTree Capital sells Northstar Travel Group to JTB Corp.Jones Day advised EagleTree Capital in the sale of Northstar Travel Group, a leading B2B travel industry events, media, and information services company, to JTB Corp., one of Japan’s leading travel solutions providers.
  • Pentair acquires Hydra-StopJones Day represented Pentair plc (NYSE: PNR), a global leader in water systems, in its acquisition of Hydra-Stop, a leading insertion valve and line stop manufacturer, from Madison Industries for approximately $290 million in cash.
  • Napster Acquires TouchcastJones Day advised Napster Corporation (formerly Infinite Reality, Inc.) in its acquisition of Touchcast, Inc. for $500 million pursuant to a stock-for-stock merger and certain cash payments, subject to customary adjustments.
  • Logility enters into acquisition agreement with ApteanJones Day advised Logility Supply Chain Solutions, Inc. (NASDAQ: LGTY) in the acquisition by Aptean, Inc., a private equity-backed enterprise software company, for $14.30 per share in cash, or an enterprise value of approximately $490 million.
  • J.F. Lehman & Company sells Integrated Global ServicesJones Day advised J.F. Lehman & Company Sale of Integrated Global Services, Inc., a leading international provider of surface protection solutions, to American Securities.