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
Representation of Aramco in its acquisition of Valvoline Inc.'s (NYSE: VVV) global products business for US$2.65 billion.
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 in cash payable at closing with an additional US$500 million in cash payments that are contingent upon regulatory outcomes with respect to certain NJOY products.
Representation of Vox Media Holdings, Inc., a leading independent modern media company, on its equity financing transaction involving an investment by Penske Media Corporation (PMC), a leading global media and information services company and its stock-for-stock business combination with Group Nine Media, Inc., another prominent media production company.
Representation of the Official Committee of Unsecured Creditors in connection with the Chapter 11 proceedings of a large cryptocurrency lending company.
Representation of the Ministry of Finance of Ukraine on a comprehensive liability management transaction that, among other things, defers to two years Ukraine's contractual obligation to make payments under approximately US$25 billion of international bonds, GDP-linked warrants and sovereign-guaranteed debt obligations.
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 Kimbell Royalty Partners, L.P., a leading owner of oil and gas mineral and royalty interests, on its US$455 million acquisition of Cherry Creek Minerals, LLC, which holds mineral and royalty interests across Texas and Oklahoma.
Representation of Societe Generale as Global Coordinator and Structuring Advisor in connection with the issue of US$1.5 billion Undated Deeply Subordinated Additional Tier 1 Capital Fixed Rate Resettable Callable Notes by Societe Generale.
Representation of a leading private equity firm specializing in the energy industry on its sale of its portfolio company, a leading operator and developer of stand-alone, utility-scale battery energy storage systems, to an affiliate of the world's largest asset manager.
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 is comprised of an initial term loan and a delayed draw term loan. Sentry Center Holdings LLC is a subsidiary of a leading hybrid work, meeting and event space provider.
Representation of Cheniere Energy Partners, L.P. (NYSE: CQP) in connection with issuance of US$1.4 billion in aggregate principal amount of 5.950% senior notes due 2033 and refinancing and replacement of its existing revolving credit facility.
Representation of certain equity holders of Avianca Group International Ltd. on the negotiation and execution of Avianca Group's acquisition of Viva Latinamerica, for a mix of cash and stock in the Avianca Group.
Representation of QH Oil Investments LLC, an affiliate of Qatar Investment Authority (QIA), on its investment in the US$289 million Series C fundraising of Tessera Therapeutics Inc., an early-stage life sciences company founded by Flagship Pioneering that is pioneering Gene Writing, which was co-led by Alaska Permanent Fund Corporation, Altitude Life Science Ventures, and SoftBank Vision Fund 2.
Representation of a major sovereign wealth fund in connection with the US$370 million Series B financing of Generate Biomedicines, Inc., a machine learning therapeutics company founded by Flagship Pioneering.
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 Falcon's Beyond Global, LLC, a leading fully integrated global entertainment development company specializing in intellectual property creation and expansion, in its merger with FAST Acquisition Corp. II (NYSE: FZT), a SPAC. Upon completion of the proposed business combination, the new combined company will change its name to "Falcon's Beyond Global" and is expected to be listed on Nasdaq under the ticker symbol "FBYD."
Representation of Atlas Arteria Ltd., a global owner, operator and developer of toll roads, in the US$2.013 billion purchase of a 66.67% interest in the Chicago Skyway toll road from Canada Pension Plan Investment Board, a global investment management organization that invests the assets of the Canada Pension Plan, and OMERS Infrastructure, the infrastructure investment advisory and management arm of OMERS, the pension plan.
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.
Electric commercial vehicle company VIA Motors International, Inc. on its acquisition (in an all-stock merger valued at up to US$630 million) by Ideanomics, Inc., a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption.
