Profile details
Profil Jay Cosel
Jay Cosel is a tax Counsel based in our New York office. He represents clients on a wide range of US and international tax matters, with a particular emphasis on mergers and acquisitions, spin-offs and other divestitures, corporate and partnership restructurings, joint ventures and investments by foreign investors in the United States.
Mandate
- Reliance Industries on its $8.5 billion joint venture with its affiliate Viacom 18 Media and The Walt Disney Company to combine Viacom18 and Star India
- American Express Global Business Travel on its:
- $5.3 billion de-SPAC business combination with Apollo Strategic Growth Capital
- pending $570 million acquisition of CWT
- acquisition of Egencia from Expedia Group
- NCR Corporation on its tax-free spin-off of its ATM business, NCR Atleos, from its digital commerce business, NCR Voyix
- Kelso & Company on its:
- acquisition and subsequent sale of Physicians Endoscopy
- acquisition of Refresh Mental Health from Lindsay Goldberg, and on its subsequent sale of Refresh Mental Health to Optum, a division of UnitedHealthcare
- Grab Holdings on its $40 billion merger with Altimeter Growth Corp. As a result of the merger, Grab became a Nasdaq-listed company in the largest-ever de-SPAC transaction globally and the largest-ever U.S. equity offering by a Southeast Asian company, with PIPE proceeds of $4.04 billion
- HeidelbergCement AG on its partnership with Thoma Bravo and the acquisition of a 45% stake in Command Alkon, a company specializing in cloud-based supply chain technology solutions for heavy building materials, from Thoma Bravo at an implied pre-money valuation of the business of $1.7 billion
- TKO Group Holdings, Inc.’s special committee of the board of directors in connection with its pending $3.25 billion acquisition of Professional Bull Riders, IMG and On Location Events from Endeavor Group Holdings, Inc., TKO’s controlling stockholder
- Tamko Building Products in connection with an investment by The Carlyle Group
- Funds advised by Apax Partners on their acquisitions of:
- ECI Software Solutions and the North American business of Exact Group B.V. and its subsequent sale to affiliates of private equity firm Leonard Green & Partners
- Nulo, a producer and distributor of premium pet food products
- Ecolab in the tax-free spin-off of its upstream energy business and its $4.4 billion combination with Apergy
- Adevinta ASA on its $9.2 billion acquisition of eBay Classifieds Group from eBay
- ZeniMax Media on its $7.5 billion acquisition by Microsoft
- Walmart on its sale of an 80% stake of Walmart Brazil to Advent International
- Citigroup on the sale of its consumer banking business in Argentina to Banco Santander Rio S.A.; sale of its institutional prepaid card services to Wirecard AG; $220 million sale of its consumer banking business in Brazil to Itaú Unibanco Holding; and $685 million sale of its fixed income analytics and index businesses to London Stock Exchange Group
- Oneok, on its $9.3 billion acquisition of the remaining stake in Oneok Partners that it did not already own
- Five Point Capital Partners on its formation of a joint venture with Matador Resources Company to own, operate and expand natural gas, crude oil and produced water midstream assets in the Delaware Basin
- Baxter International in connection with Baxalta Inc.’s $32 billion combination with Shire plc
- Pittsburgh Corning Corporation on its $560 million acquisition by Owens Corning
- A company backed by Permira Funds on its $1.5 billion sale of Intelligrated to Honeywell International
- Permira Funds on its $336 million acquisition of a majority stake in John Masters Organics
- Deutsche Bank AG in its sale of Deutsche Bank S.A. to Banco Comafi; and the sale of its Mexican banking and securities units to Investa Bank, S.A., Institución de Banca Múltiple
Qualifikationen
Education
- LL.M., New York University School of Law, 2010
- J.D., New York University School of Law, 2009
- B.A., Columbia University, 1999
Bar Admissions
- New York
- California