Isaac Tendler is counsel in the Firm's Tax Practice. His practice focuses on cross-border and domestic taxation, including tax aspects of global and domestic mergers and acquisitions, real estate joint ventures, securities offerings, securitizations and financing transactions.
Recent matters include the representation of:
Calpine Corporation in its US$17 billion sale to Energy Capital Partners, an energy-focused private equity firm, and a consortium of investors including Access Industries and Canadian Pension Plan Investment Board. This transaction was named "Americas Private Equity Tax Deal of the Year" by International Tax Review in 2018;
Sony Corporation of America in its US$287.5 million acquisition of 100% of the Estate of Michael Joseph Jackson's direct interest in Nile Acquisition LLC and indirect interest in DH Publishing, L.P., the parent entity of one of the world's leading music publishers;
Sony Corporation of America in its US$2.3 billion acquisition of the equity interests in DH Publishing, L.P. (the parent entity of EMI Music Publishing) held by a group of investors led by Mubadala Investment Company;
Carlyle Power Partners in the US$590 million acquisition of three natural gas-fired generation facilities in New England, known as Bridgeport Energy, Tiverton Power and Rumford Power;
EchoStar Corporation (NASDAQ: SATS) in the tax-free spin-off and subsequent merger of its broadcast satellite service business, including nine satellites and certain real estate owned by EchoStar, with a subsidiary of DISH Network Corp. (NASDAQ: DISH).
Dynegy Inc. in its US$119 million sale of two intermediate gas-fueled plants located in Dighton and Milford, Massachusetts to a subsidiary of Starwood Energy Group Global;
Dynegy Inc. in the acquisition of a 28.1 percent interest in the Wm. H. Zimmer Generating Station and a 36 percent interest in Miami Fort Unit 7 and Miami Fort Unit 8;
Dynegy Inc. in the purchase by its wholly-owned subsidiary, Dynegy Zimmer of AEP Generation Resources Inc.'s interest in the Wm. H. Zimmer Generating Station; and in the sale by Dynegy's wholly-owned subsidiary, Dynegy Conesville, LLC of its interest in the Unit 4 Conesville Generating Station to AEP;
Dynegy Inc. in the purchase of undivided ownership interests in two coal-fired electric generating plants in Ohio from AES Ohio Generation, LLC;
Calpine Corporation in its US$1.05 billion acquisition of Noble Americas Energy Solutions, LLC (NAES), the nation's largest independent supplier of power to commercial and industrial retail customers;
Vale S.A. (NYSE: VALE), a Brazilian mining company and the largest producer of iron ore and nickel in the world, in its US$550 million acquisition of Ferrous Resources Limited, a mid-sized iron ore company in Brazil;
Calpine Corporation in its US$395.5 million sale of Mankato Power Plant, a 375 MW natural gas-fired, combined-cycle power plant located in Minnesota, to Southern Company subsidiary Southern Power;
Calpine Corporation in its sale of South Point Energy Center, an approximately 504 MW natural gas-fired, combined-cycle, electric generation facility on the Fort Mojave Indian Reservation in Mohave Valley, Arizona, to Nevada Power Company;
HNA Group North America LLC and its affiliates in connection with the second phase of the preferred equity investment by SL Green Realty Corp. in 245 Park Avenue, New York, NY. As of the closing, the SL Green investment totals US$148.2 million. In connection with the transaction, we represented HNA with respect to negotiation of a new property management agreement pursuant to which SL Green will serve as the building's property manager, overseeing all leasing and operations;
BNDES Participacoes S.A., as a shareholder of Marfig Global Foods, S.A., in the acquisition by Marfrig Global Foods S.A., through its subsidiary NBM US Holdings, Inc., of a majority stake in National Beef Packing Company, LLC from Leucadia National Corporation and NBPCo Holdings, LLC, as Sellers;
De' Longhi Industrial S.A. in its acquisition of a minority stake in La Marzocco International LLC, a leading manufacturer of high end professional espresso coffee machines;
China Three Gorges Corporation in its US$1.2 billion acquisition of Duke Energy's assets in Brazil; and
Quad-C Management, Inc., a leading middle-market private equity firm, in its investment in Pharm-Olam International, Ltd., a multinational, full-service clinical research organization serving the biopharmaceutical and medical device industries.