Sadi Moradi
Biography
Overview
Sadi is an associate in White & Case's Global Mergers & Acquisitions Practice Group in the Houston and New York offices. His practice focuses on the tax and employment, compensation and benefits aspects of mergers and acquisitions, divestitures, renewable energy tax credits, private equity investments, joint ventures, cross-border transactions and general corporate matters.
Before joining White & Case, Sadi attended the Georgetown University Law Center where he obtained his Taxation LL.M and Estate Planning Certificate. Through the program, he externed for two domestic law firms, working mostly on tax controversy, foreign non-grantor trusts and international tax issues. Sadi also received an award from the 2021 Tax Notes Writing Competition for his research paper advocating for the utilization of relative data usage and bandwidth capacity in figuring a jurisdiction's entitlement to Amount A for purposes of the OECD's Pillar I proposal.
Sadi has also been an Analytics Office Intern for the Division of Investment Management of the SEC, an Equity Derivatives Analyst for a leading global brokerage and investment bank's New York office, and a Financial Analyst for a national middle-market contractor. Sadi also completed CFA Level 1.
Estate Planning Certificate
Experience
Traditional Energy Matters
- Representation of TC Energy Corp on the tax-free spinoff of its Liquids Pipelines business, South Bow
- Representation of Aramco in its acquisition of Valvoline Inc.'s global products business for US$2.65 billion
- Representation of Occidental Petroleum Corporation on its US$817.5 million sale of certain Delaware Basin assets in Texas and New Mexico to Permian Resource
- Representation of Tokyo Gas America Ltd. on its acquisition of a minority equity interest in a newly-formed entity, ARM Energy Trading, LLC
- Representation of Sixth Street Partners on its acquisition of mineral and royalty interests in the Permian and Anadarko Basins from Echo
- Representation of Sixth Street Partners on its sale of upstream oil and gas assets in the Permian Basin
- Representation of Ara Partners in its acquisition, restructuring and initial investment of US$75 million in Vonore Fiber Products LLC and Genera Energy Inc.
Renewable Energy Matters
- Representation of Occidental Petroleum Corporation on the development of STRATOS, the world's largest Direct Air Capture (DAC) facility, and formation of a joint venture with BlackRock Inc
- Representation of Orbia's Fluorinated Solutions business in connection with its entry into an incorporated joint venture and related project agreements with Solvay to create the largest polyvinylidene fluoride (PVDF) production facilities for battery materials in North America
- Representation of buyers and sellers of tax credits
- Representation of large US PV developer on various project development matters
- Representation of large, international multi-energy company on its sale of interests in multiple renewable energy projects to large alternative asset manager
- Representation of large alternative asset manager on its tax equity investment in clean power developer
Other Matters
- Representation of GLAAM, Co., Ltd., a leading designer and manufacturer of architectural display glass, on its business combination with estimated post-transaction enterprise value of US$309 million with Jaguar Global Growth Corporation I, a Nasdaq-listed special purpose acquisition company.
- 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 special purpose acquisition company
- Representation of ASOF Investment Management LLC and its affiliates, as Lenders, in connection with the senior secured credit facility provided to Sentry Centers Holdings LLC, a subsidiary of a leading hybrid work, meeting and event space provider.
- Representation of US and non-US issuers in debt, equity and complex capital raises
- Representation of Altria Group, Inc. in its acquisition of NJOY Holdings, Inc., giving Altria ownership of NJOY's e-vapor product portfolio, for US$2.75 billion
- Representation of Vox Media Holdings, Inc. on its equity financing transaction involving an investment by Penske Media Corporation
