Stephen P.Parrinello (Steve)


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From diligence and structuring through post-transaction integration, Steve Parrinello has more than 15 years of experience bringing creative and practical solutions to the table when helping clients navigate byzantine tax rules in some of their most complex transactions. He also regularly advises private funds and their tax-sensitive investors on matters from formation to portfolio investment structuring to exit and liquidation. 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, long-standing representations of private equity funds that focus on middle-market equity and debt investments, and strategic joint ventures particularly in the health care industry. Steve also regularly advises some of the largest and most active sovereign wealth funds in the world on their inbound investments. And his work includes assisting tax-exempt entities on a pro bono basis to secure and maintain their tax-exempt status.


  • NOVA Infrastructure Management and its affiliated funds obtain new revolving subscription facility of up to $150 millionJones Day represented NOVA Infrastructure Management, LLC and its funds, NOVA Infrastructure Fund II, L.P. and NOVA Infrastructure Fund II (Cayman), L.P. in connection with a new subscription line facility of up to $150 million with Webster Bank, N.A., as the sole lender.
  • Range Media Partners secures minority investment from Liberty Global, Wildcat Capital, and Playground ProductionsJones Day advised Range Media Partners in its minority investment from Liberty Global, Wildcat Capital, and Playground Productions.
  • VSE Corporation acquires Turbine Controls, Inc.Jones Day advised VSE Corporation in the $120 million acquisition of Turbine Controls, Inc., a provider of maintenance, repair and overhaul (MRO) support services for complex engine components, as well as engine and airframe accessories, across commercial and military applications.
  • 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.
  • NOVA Infrastructure Management, LLC and affiliated funds obtain new $25 million subscription facilityJones Day represented NOVA Infrastructure Management, LLC and its fund NOVA Infrastructure Fund I, L.P. (“NOVA I”) in the refinancing of NOVA I's existing subscription line facility.
  • J.F. Lehman & Company acquires Mission MicrowaveJones Day advised J.F. Lehman & Company in the acquisition and financing of all of the outstanding membership interests of Mission Microwave Technologies, LLC, a revolutionary designer of radio frequency and microwave electronics supporting ground-based, airborne and space-based applications.
  • VSE Corporation sells Federal and Defense Services operating assetsJones Day advised VSE Corporation in the sale of substantially all of its Federal and Defense Services operating assets.
  • SingTel sells Trustwave to The Chertoff GroupJones Day represented Singapore Telecommunications Limited, southeast Asia’s largest telecommunications company, in the sale of Trustwave, a cyber security and managed security services business, to funds affiliated with The Chertoff Group for $205 million. In connection with the sale of Trustwave, Jones Day represented SingTel, as lender, in connection with a unique $195 million senior secured term loan and $40 million unsecured multiple draw term loan facility provided to Trustwave.
  • Shiseido Americas acquires Dr. Dennis Gross Skincare for $450 millionJones Day is advising Shiseido Americas Corporation, a subsidiary of Shiseido Co., Ltd., regarding its definitive agreement to acquire DDG Skincare Holdings LLC, the owner of Dr. Dennis Gross Skincare, for $450 million in cash.
  • Creed sold to Kering BeautéJones Day advised the management shareholders of Creed in the sale of Creed, the largest global independent player in the high-end fragrance market, to Kering Beauté, a global Luxury group.
  • J.F. Lehman completes financing in connection with its $1.2 billion take-private acquisition of Heritage-Crystal Clean, Inc.Jones Day represented J.F. Lehman & Company, a leading private equity investment firm focused on the aerospace, defense, maritime, and environmental sectors, in connection with a syndicated senior secured credit facility financing its approximately $1.2 billion take-private acquisition of Heritage-Crystal Clean, Inc. (NASDAQ: HCCI), a leading provider of parts cleaning, used oil re-refining, hazardous and non-hazardous waste disposal, emergency and spill response, and industrial and field services to vehicle maintenance businesses, manufacturers and other industrial businesses, as well as utilities and governmental entities.
  • VSE acquires assets and license from HoneywellJones Day advised VSE Corporation in the $105 million asset purchase and perpetual license agreement to manufacture and support certain of Honeywell International’s fuel control systems on four key engine platforms.
  • 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.
  • Engage PEO acquires Zamp HRJones Day advised Engage PEO, a leading professional employer organization (PEO) providing HR outsourcing solutions to small and mid-sized businesses across the U.S., in the acquisition of Zamp HR, a Lindon, Utah-based PEO with over 10,000 worksite employees, expanding Engage's growing presence in the western region of the U.S.
  • Riverside closes Riverside Value Fund I, L.P. at $350 millionJones Day represented The Riverside Company in the successful final close of its Riverside Value Fund I, L.P. (RVF I), achieving its target of $350 million.
  • TotalEnergies completes PIPE investment in NextDecade Corporation and investment in $18.5 billion Rio Grande LNG ProjectJones Day represented TotalEnergies in connection with its PIPE investment in NextDecade Corporation and investment in the Rio Grande LNG (RGLNG) Project, a planned natural gas liquefaction project in South Texas.
  • Riverside sells Guestline to Access GroupJones Day represented The Riverside Company in connection with the sale of portfolio company Guestline, a UK-based provider of mission critical software for the hospitality sector, to Access Group.
  • Cardinal Health merges its Outcomes™ business into Transaction Data SystemsJones Day advised Cardinal Health, Inc. (NYSE: CAH) in connection with the combination of its Outcomes™ business to Transaction Data Systems, a portfolio company of BlackRock Long Term Private Capital and GTCR, in exchange for a minority stake in the combined entity.
  • VSE Corporation partners with The Loar Group to acquire Desser AerospaceJones Day advised VSE Corporation (NASDAQ: VSEC) ("VSE") in its acquisition (the "Acquisition") of Desser Aerospace ("Desser") for a purchase price of $124 million.
  • 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.
    • June 2015
      Mergers & Acquisitions: Dissecting the Purchase Agreement and Tracking Due Diligence, 2015 Tax Executive Institute Region III Conference, Foxwoods Resort and Casino