Eric Behl-Remijan is a partner in the tax practice, based in New York. Eric’s practice focuses on corporate, international and partnership tax matters, as well as domestic and international mergers and acquisitions and restructurings.
He represents public companies and private equity sponsors in complex domestic and cross-border joint ventures, mergers, acquisitions, and divestitures. The clients he advises include high-profile corporations in healthcare, media, and financial industries where tax efficiency is an integral part of a comprehensive investment strategy.
Prior to joining Ropes & Gray, Eric was a partner at another leading global law firm.
Experience
Mergers and Acquisitions / Private Equity
- Represented Advent International in numerous transactions, including in a minority investment in Fisher Investments, valuing Fisher Investments at $12.75 billion; the $3 billion merger of its portfolio companies Clearent LLC and Transaction Services Group Limited to form Xplor Technologies;* ATI Physical Therapy Holdings, LLC’s $2.5 billion business combination with Fortress Value Acquisition Corp. II, a SPAC sponsored by Fortress Investment Group;* and its strategic investment in Prometheus Group.
- Represented Brookfield Asset Management Inc. (renamed Brookfield Corporation) in connection with the spin-off of a 25% interest in its asset management business through a newly listed company, Brookfield Asset Management Ltd., with a market value of more than $50 billion as of the spin-off date;* and in its approximately $4.8 billion acquisition of a 61.2% stake in Oaktree Capital Group, LLC.*
- Represented Eli Lilly and Company in numerous transactions, including its $8.2 billion exchange of its approximately 82% remaining interest in Elanco Animal Health Incorporated for Lilly common shares held by its shareholders;* its approximately $8 billion acquisition of Loxo Oncology, Inc.;* and its $1 billion option to acquire Radionetics Oncology.
- Represented General Electric Capital Corporation in numerous transactions, including its $32 billion sale of its global Commercial Distribution Finance, North American Vendor Finance and North American Corporate Finance platforms to Wells Fargo & Co.*
- Represented Intel Corporation in numerous transactions, including its $16.7 billion acquisition of Altera Corporation.*
- Represented NEOGEN Corporation in its $5.3 billion combination with the Food Safety business of 3M, in a Reverse Morris Trust transaction that implied an enterprise value of the combined company of $9.3 billion.*
- Represented TA Associates in its acquisition of the Association & Events and Nonprofit Solutions divisions from Community Brands.
- Represented Vonage Holdings Corp. in numerous matters, including its $6.2 billion sale to Telefonaktiebolaget LM Ericsson.*
Restructuring
- Represented AccentCare in an uptier debt exchange that resulted in near-unanimous lender participation, raised $175 million of new money capital, and extended the maturity of its existing $1.3 billion of debt by two years.
- Represented AMC Entertainment Holdings, Inc. in numerous transactions, including its successful out-of-court restructuring which included various capital raising efforts that yielded over $1.5 billion of cash and other liquidity improvements and the reduction of AMC’s debt load by more than $550 million.*
- Represented Sears Holdings Corporation in the $5.2 billion sale of its core assets to ESL Investments Inc. in connection with its chapter 11 proceedings.*
- Represented Serta Simmons Bedding, LLC in numerous transactions, including in connection with its chapter 11 case with approximately $1.9 billion in debt obligations.*
- Represented Shoes For Crews in a sale to a group of its secured lenders through voluntary chapter 11 proceedings.
*Completed prior to joining Ropes & Gray