Sullivan
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Biography

  • Structured numerous tax-efficient multi-jurisdictional mergers, acquisitions, dispositions and reorganizations for public and private clients in the financial services, life sciences, manufacturing, private equity, technology and venture capital industries
  • Designed cross-border financing strategies, including hybrid debt structures, for multiple domestic and foreign acquisitions and restructurings and assisted clients in the recapitalization of foreign operations to reduce foreign tax burdens and enhance foreign earnings repatriation efficiency
  • Advised clients on capital loss planning, foreign tax credit utilization, foreign holding company structures, treasury and cash flow management, transfer pricing and migration of intellectual property to tax-favored jurisdictions
  • Advised sovereign wealth funds, foreign governmental pension plans and other foreign governments as to their U.S. investments, including real estate investments
  • Handled IRS controversies, voluntary disclosures related to offshore activities and private letter rulings for public and private clients
  • Counseled nonresident families on pre-immigration U.S. tax, estate and gift planning matters
  • Served as placement agent's counsel in a $1.5 billion offering in which a U.S. public operating company accepted digital tokens as consideration for its shares, believed to be the first such transaction
  • Represented a prominent international entrepreneur in the $50 million sale of a technology business that uses Web3 technology to connect sports, media and entertainment brands directly with their fans and customers, advising on the U.S. and French tax aspects of the transaction
  • Advised one of the world's preeminent blockchain infrastructure research and engineering companies on the design of employee incentive arrangements tracking the performance of individual blockchain business lines, as part of a restructuring aimed at monetizing tokens
  • Led worldwide teams of attorneys and other advisors in multi-country restructurings for two public manufacturing company clients, including a 20-country restructuring of the foreign operations of a $2 billion company and a separate 10-country reorganization
  • Represented a Hong Kong-based fabric manufacturer operating in eight countries across three continents in the migration of its global research and development center, acting as lead counsel to a worldwide legal team spanning Hong Kong, the BVI, the United Kingdom, Mauritius, Cyprus, Indonesia and Singapore
  • Provided U.S. tax advice to an Israeli-based public company on its $117 million reverse IPO
  • Guided a Finnish lighting manufacturer through the tax due diligence and cross-border structuring for a $10 million acquisition of the assets of a U.S. entity
  • Advised U.S. and non-U.S. clients on structuring cross-border real estate investments ranging from $10 million to $2 billion
  • Structured a foreign trust with U.S. and non-U.S. beneficiaries for a nonresident individual, coordinating the tax and legal requirements of multiple jurisdictions while achieving the client's wealth-preservation and succession objectives
  • Advised a U.S. citizen on her inheritance of substantial foreign assets, structuring the transfer to avoid adverse U.S. estate, gift and income tax consequences while avoiding adverse consequences for the nonresident parties in their home countries

Matters

  • Structured numerous tax-efficient multi-jurisdictional mergers, acquisitions, dispositions and reorganizations for public and private clients in the financial services, life sciences, manufacturing, private equity, technology and venture capital industries
  • Designed cross-border financing strategies, including hybrid debt structures, for multiple domestic and foreign acquisitions and restructurings and assisted clients in the recapitalization of foreign operations to reduce foreign tax burdens and enhance foreign earnings repatriation efficiency
  • Advised clients on capital loss planning, foreign tax credit utilization, foreign holding company structures, treasury and cash flow management, transfer pricing and migration of intellectual property to tax-favored jurisdictions
  • Advised sovereign wealth funds, foreign governmental pension plans and other foreign governments as to their U.S. investments, including real estate investments
  • Handled IRS controversies, voluntary disclosures related to offshore activities and private letter rulings for public and private clients
  • Counseled nonresident families on pre-immigration U.S. tax, estate and gift planning matters
  • Served as placement agent's counsel in a $1.5 billion offering in which a U.S. public operating company accepted digital tokens as consideration for its shares, believed to be the first such transaction
  • Represented a prominent international entrepreneur in the $50 million sale of a technology business that uses Web3 technology to connect sports, media and entertainment brands directly with their fans and customers, advising on the U.S. and French tax aspects of the transaction
  • Advised one of the world's preeminent blockchain infrastructure research and engineering companies on the design of employee incentive arrangements tracking the performance of individual blockchain business lines, as part of a restructuring aimed at monetizing tokens
  • Led worldwide teams of attorneys and other advisors in multi-country restructurings for two public manufacturing company clients, including a 20-country restructuring of the foreign operations of a $2 billion company and a separate 10-country reorganization
  • Represented a Hong Kong-based fabric manufacturer operating in eight countries across three continents in the migration of its global research and development center, acting as lead counsel to a worldwide legal team spanning Hong Kong, the BVI, the United Kingdom, Mauritius, Cyprus, Indonesia and Singapore
  • Provided U.S. tax advice to an Israeli-based public company on its $117 million reverse IPO
  • Guided a Finnish lighting manufacturer through the tax due diligence and cross-border structuring for a $10 million acquisition of the assets of a U.S. entity
  • Advised U.S. and non-U.S. clients on structuring cross-border real estate investments ranging from $10 million to $2 billion
  • Structured a foreign trust with U.S. and non-U.S. beneficiaries for a nonresident individual, coordinating the tax and legal requirements of multiple jurisdictions while achieving the client's wealth-preservation and succession objectives
  • Advised a U.S. citizen on her inheritance of substantial foreign assets, structuring the transfer to avoid adverse U.S. estate, gift and income tax consequences while avoiding adverse consequences for the nonresident parties in their home countries

Matters

Environmental Technology Company Acquires a Leading Industrial Air Filtration Company

The environmental technology company, Nederman Holding AB, represented by Sullivan, recently acquired a leading industrial air filtration company RoboVent, significantly strengthening its North American position by becoming the number one player within the U.S. weld fume extraction segment. Sullivan has provided acquisition advice to Nederman since 2017. Sullivan’s Environment & Natural Resources group handled preparation of environmental provisions of the purchase agreement and disclosure schedules and advised as to regulatory compliance at the target company.

Michael J. Student, Avinash R. Rao, Amy E. Sheridan, Erika L. Todd, Douglas S. Stransky and Ida J. Vanto

Sullivan Shares Cross-Border Deal of the Year Award With Two Clients at M&A Advisor Awards

In November 2021, Sullivan together with its clients Merger & Acquisition Services, Inc., and International Transportation Marine Office, LLC (ITMA) received the Cross-Border Deal of the Year ($50 to $100 million) Award, at the 20th Annual M&A Advisor Awards in New York City. The award was given for the sale of ITMA to MS Amlin Underwriting Limited, a UK company. Don Kaitz retained his role as chairman of Arizona-headquartered ITMA, and the business continued to be led by Eric Kaitz, Chief Executive Officer. Earlier in 2021, Douglas Stransky and Michael Student, along with Merger & Acquisition Services Inc., advised ITMA and the Kaitzes.

Partner and head of Sullivan's International Tax Group, Douglas Stransky, commented, "We are thrilled to receive this honor and be together in-person with our clients and friends, Merger & Acquisition Services, Inc. and Don and Eric Kaitz, and proud to have collaborated with them on this sale."

Douglas S. Stransky and Michael J. Student

Matters

Matters