Peter Shelburne is an associate in the Employment, Compensation & Benefits group within the Firm's Mergers & Acquisitions practice. He provides counsel to public and privately held companies, financial institutions and corporate executives on an array of employment, executive compensation and employee benefits matters, particularly in the context of corporate transactions, including mergers, acquisitions, financing arrangements and SPAC transactions.
Representation of Anthem Inc. in its acquisition of Integra MLTC, Inc., a managed long-term health care plan providing long-term care to individuals and communities in New York.
Representation of Ara Partners, an industrial decarbonization-focused private equity fund with US$1.5 billion in assets under management, in its acquisition, restructuring and initial investment of US$75 million in Vonore Fiber Products LLC and Genera Energy Inc., companies in the domestic agricultural pulp and molded fiber industries based in Vonore, Tennessee.
Representation of WizRocket Inc. in its acquisition of Leanplum, Inc., a San Francisco-based multichannel customer engagement platform.
Representation of Trojan Lithograph Corporation, a portfolio company of Mill Rock Capital, on its acquisition of Impressions Packaging LLC, a market leader in the design, engineering, and production of high-end paperboard packaging and commercial printing products.
Representation of Saudi Aramco, one of the world's largest integrated energy and chemical companies, in its acquisition of Valvoline Inc.'s (NYSE: VVV) global products business for US$2.65 billion.
Representation of Inflection Point Acquisition Corp. (NASDAQ: IPAX), a SPAC, on its definitive business combination agreement with Intuitive Machines, LLC, a leading space exploration, infrastructure and services company. Upon the closing of the transaction, the combined company will be named Intuitive Machines Inc.
Representation of Pernod Ricard SA on its acquisition of an additional minority stake in Sovereign Brands' portfolio of super premium wine and spirits brands.
Representation of Epic Aero, Inc. ("Flexjet"), a global leader in subscription-based private aviation, on its entry into a US$3 billion definitive business combination agreement with Horizon Acquisition Corporation II ("Horizon") a publicly traded SPAC. Upon the closing of the transaction, Flexjet is expected to become a publicly listed company on the NYSE under the ticker symbol "FXJ."
Representation of European Lithium AT (Investments) Ltd., a wholly owned subsidiary of European Lithium Ltd (ASX: EUR), on its entry into a definitive agreement for a US$750 million business combination with Sizzle Acquisition Corp (NASDAQ: SZZL), a special purpose acquisition company.
Representation of Panasonic Corp. in its US$8.5 billion acquisition of the remaining 80 percent of the capital stock interests of Blue Yonder, a leading end-to-end, digital fulfillment platform provider.
Representation of Macquarie Infrastructure Corporation (NYSE: MIC) in the US$514 million sale of the MIC Hawaii businesses, a regulated gas utility and unregulated propane distributor, to an affiliate of Argo Infrastructure Partners LP. The transaction will be completed after the completion of a reorganization pursuant to which Macquarie Infrastructure Holdings, LLC, a newly formed entity, will become the publicly traded parent company of MIC, and the subsequent US$4.475 billion sale of MIC, and its Atlantic Aviation business, to Kohlberg Kravis Roberts & Co. L.P.
Representation of VPC Impact Acquisition Holdings III, Inc. (NYSE: VPCC), a SPAC sponsored by Victory Park Capital, in its US$4 billion business combination with Dave Inc., a financial platform.
Representation of CM Life Sciences III (NASDAQ: CMLT), a SPAC sponsored by affiliates of Casdin Capital, LLC and Corvex Management LP, in its US$3.65 billion business combination with EQRx, Inc.
Representation of SES Holdings Pte. Ltd., a developer and manufacturer of high-performance hybrid lithium-metal rechargeable batteries for electric vehicles, in its US$3.6 billion business combination with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN), a SPAC focused on electrification of society and industry.
Representation of dMY Technology Group, Inc. IV (NYSE: DMYQ), a SPAC, in its US$2.8 billion acquisition of Planet Labs Inc., a leading provider of daily data and insights about Earth.
Representation of Landcadia Holdings III, Inc. (NASDAQ: LCY), a SPAC, in its US$2.642 billion acquisition of HMAN Group Holdings Inc., the parent company of The Hillman Group, Inc., a leading distributor of hardware and home improvement products, personal protective equipment and robotic kiosk technologies, from CCMP Capital Advisors, LP.
Representation of VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a SPAC sponsored by Victory Park Capital, in its US$2.5 billion business combination with FinAccel, the parent of artificial intelligence-enabled digital consumer credit platform Kredivo.
Representation of VPC Impact Acquisition Holdings (NASDAQ: VIH), a SPAC sponsored by Victory Park Capital Advisors, LLC, a Chicago-based private equity firm, in its US$2.082 billion business combination with Bakkt Holdings, LLC, the transformative digital asset marketplace launched in 2018 by Intercontinental Exchange, Inc.
Representation of Diamond S Shipping Inc., one of the largest publicly listed owners and operators of crude and product tankers, in its US$2 billion merger with International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products.
Representation of CM Life Sciences (NASDAQ: CMLF), a SPAC sponsored by affiliates of Casdin Capital, LLC and Corvex Management LP, in:
- its US$2 billion business combination with Mount Sinai Genomics, Inc. d/b/a Sema4.
- its US$1.23 billion business combination with SomaLogic, Inc., a protein biomarker discovery and clinical diagnostics company.
Representation of HighCape Capital Acquisition Corp. (NASDAQ: CAPA), a SPAC sponsored by HighCape Capital LP, a healthcare growth equity fund, in its US$1.46 billion business combination with Quantum-Si Incorporated, a pioneer in next generation semiconductor chip-based proteomics.
Representation of Quad-C Management, Inc. in its US$1.2 billion sale of AIT Worldwide Logistics Holdings, Inc., a leading global provider of transportation and logistics solutions, to The Jordan Company.
Representation of D8 Holdings Corp. (NYSE: DEH), a SPAC, in its US$1.1 billion business combination with Vicarious Surgical Inc., a next-generation robotics technology company seeking to improve both cost and efficiency of surgical procedures as well as patient outcomes.
Representation of DFP Healthcare Acquisitions Corp. (NASDAQ: DFPH, DFPHW), a SPAC, in its US$842 million business combination with The Oncology Institute, a US market-leader in value-based oncology care.
Representation of FG New America Acquisition Corp. (NYSE: FGNA), a SPAC, in its US$800 million business combination with Opportunity Financial, LLC, a leading financial technology platform that focuses on helping middle income, credit-challenged consumers build a better financial path through affordable personal loans.
Representation of Deerfield Healthcare Technology Acquisitions Corp. (NASDAQ: DFHT), a SPAC, in its US$614 million business combination with CareMax Medical Group, L.L.C. and IMC Medical Group Holdings LLC, creating a technology-enabled care platform providing value-based care and chronic disease management to seniors.
Representation of FS Development Corp. II (NASDAQ: FSII), a SPAC, in its US$276.2 million business combination with Pardes Biosciences, Inc., an early stage biopharmaceutical company developing a potential direct-acting, oral antiviral drug to treat and prevent SARS-CoV-2 infections.
Representation of Biosight Ltd., a privately held pharmaceutical development company developing innovative therapeutics for hematological malignancies and disorders, in its reverse merger transaction with Advaxis, Inc. (NASDAQ: ADXS), pursuant to which the shareholders of Biosight will become the majority holders of the combined company immediately following completion of the transaction.
Representation of Dominus Capital, L.P. in:
- its acquisition of Seaga Midco, Inc., a leading vending machine manufacturer based in Illinois.
- the sale of its portfolio company, Masterbuilt Holdings LLC, a leader in outdoor residential grilling and cooking under the Kamado Joe and Masterbuilt brands, to the Middleby Corporation (NASDAQ: MIDD), a global leader in the foodservice equipment industry.
Representation of DIF Capital Partners, a leading global independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, in its acquisition of Bernhard LLC, the largest privately owned Energy-as-a-Service (EaaS) solutions company in the US, from an affiliate of Bernhard Capital Partners.
Representation of Priority Power Management, LLC, an independent energy management services and consulting firm, in its acquisition of Satori Enterprises LLC (d/b/a Satori Energy), a leading energy consulting firm based out of Chicago, Illinois serving more than 55,000 industrial, municipal and residential clients in 25 states, the District of Columbia, Canada and Mexico.
Representation of PRO Unlimited Global Solutions Inc., a leader in contingent workforce management solutions and jointly held portfolio company of Harvest Partners, LP and Investcorp International, Inc., in the sale of PRO Unlimited to EQT.
Representation of PRO Unlimited Global Solutions Inc. in its acquisition of PeopleTicker, a leading independent compensation software company.
Representation of Neighborly, the world's largest franchisor of home service brands and a portfolio company of Harvest Partners, LP, in its acquisition of Precision Door Service, the leading garage door repair franchise in the US.
Representation of Anthem, Inc. in:
- the acquisition of Integra MLTC, Inc., a managed long-term health care plan providing long-term care to individuals and communities in New York. The transaction is expected to close in the first half of 2022 once all regulatory approvals have been obtained.
- the acquisition of InnovaCare Health, L.P.'s Puerto Rico-based subsidiaries, including MMM Holdings, LLC (MMM) and its Medicare Advantage (MA) plan, MMM Healthcare, LLC, as well as affiliated companies and Medicaid plan. MMM is Puerto Rico's largest MA plan and one of the fastest-growing vertically integrated healthcare organizations in the US.
Representation of CVC Capital Partners in:
- a consortium of investors in the US$3.5 billion investment for a 22.55 percent stake in Authentic Brands Group LLC, a brand management company and owner of a portfolio of brand name companies.
- its acquisition of Mediaocean, the leading global omnichannel advertising platform.
- its acquisition of a majority interest in ExamWorks, a global leader in independent medical examinations, peer reviews, document management, and related services.
Representation of I Squared Capital Advisors (US) LLC in its acquisition of Star Leasing, a leading trailer lessor in the US.
Representation of Summa Equity Fund II in its acquisition of Axion BioSystems, a US life science tools business and leading provider specializing in the development, production, and marketing of MEA (Microelectrode Arrays) and impedance technologies.
Representation of Macquarie Infrastructure Partners in its acquisition of Lakeshore Recycling Systems, the largest private waste company in Illinois, specializing in recycling and waste diversion programs, roll-off container services, portable restroom rentals, mulch distribution, street sweeping, on-site storage options and comprehensive waste removal.
Representation of Hexatronic Group AB in its acquisition of Kevin M. Ehringer Enterprises, Inc., d/b/a Data Center Systems, a company based in Texas providing end-to-end fiber connectivity solutions to the US data center market.