Edward T.Kennedy (Ed)

Practice Leader Tax

New York + 1.212.326.3775

Ed Kennedy, who co-leads the Firm's global Tax Practice, works with Fortune 500 companies, strategic investors, private equity groups, and hedge funds to structure their investments in a tax-efficient manner. He also works with large U.S.-based multinational corporations in connection with their global tax planning. Ed works with foreign entities and foreign sovereign wealth funds in connection with their inbound investments in the U.S., including investments in stock, securities, partnerships, and real estate. His practice involves all aspects of federal and international taxation, including M&A, Subpart F planning, contract manufacturing, hedging programs, cross-border structured finance, partnership planning, tax controversy, and cost sharing.

Ed worked on the federal and international tax aspects of the restructuring of Chrysler LLC in chapter 11. He worked with Reynolds American in connection with its acquisition by British American Tobacco Plc in a deal valued at $49 billion. He advised Monster Beverage Corporation in connection with its long-term commercial relationship with The Coca Cola Company, with Monster Beverage Corporation receiving a net cash payment of $2.15 billion. He represented Gtech S.p.A. in connection with its acquisition of International Game Technology for $6.4 billion. Ed also played a leading role in structuring Pfizer's $16.6 billion sale of its consumer health care business to Johnson & Johnson.

Ed, a member of the New York State Bar Association Tax Section, has lectured at conferences on numerous topics involving federal and international taxation.

Expérience

  • Bose acquires McIntoshJones Day advised Bose Corporation in the acquisition of McIntosh Group, the parent company of high-performance and luxury audio brands that include McIntosh and Sonus faber.
  • Corsair Gaming acquires Endor AG's operating businessJones Day advised Corsair Gaming, Inc. in its acquisition of Endor AG's operating business, including the Fanatec brand and all associated personnel. Endor develops and markets high-quality input devices such as high-end steering wheels and pedals for racing simulations on game consoles and PCs under the Fanatec brand.
  • Koch reaches agreement to acquire Wever fertilizer plant from OCI GlobalJones Day advised Koch Ag & Energy Solutions, LLC, an affiliate of Koch Industries, Inc., in the $3.6 billion acquisition of Iowa Fertilizer Company (IFCO) from OCI N.V., a Netherlands-based producer and distributor of hydrogen products.
  • KKR’s OneStream completes $490 million IPOJones Day represented KKR, as controlling stockholder, in connection with OneStream, Inc.'s $490 million initial public offering and pre-IPO reorganization into an Up-C structure.
  • Austin Powder sells controlling stake to AIPJones Day is representing Austin Powder, a global leader in blasting services and commercial explosives, in connection with the sale of a controlling stake to American Industrial Partners.
  • EagleTree Capital portfolio company acquires Diamond Fiberglass Systems and ServicesJones Day advised EagleTree Capital in the acquisition and financing by portfolio company Andronaco Industries of Diamond Companies - Diamond Fiberglass, a leading designer and manufacturer of fluid management vessels and tanks, and Diamond Services, a leading industrial services business that focuses on non-metallic services, to be rebranded as Diamond Fiberglass Systems and Services.
  • Monster Beverage completes $3 billion modified Dutch auction tender offer and secures $1.5 billion credit facilityJones Day represented Monster Beverage Corporation, a leading global drinks manufacturer, in connection with a modified Dutch auction tender offer to purchase up to $3 billion of shares of its Common Stock, as well as the negotiation of a $1.5 billion credit agreement that will fund a portion of the tender offer.
  • Angelos Family agrees to sell control stake in Baltimore Orioles to Baltimore native David RubensteinJones Day advised the Baltimore Orioles in connection with the sale of a controlling interest in the Orioles to a diverse investor group led by David Rubenstein that includes Michael Arougheti, Mitchell Goldstein, Michael Smith, and Maryland leaders, philanthropists, and sports legends.
  • FirstEnergy sells $3.5 billion transmission stake to BrookfieldJones Day advised FirstEnergy Corp. in the $3.5 billion sale of an additional 30.0% equity stake in its subsidiary FirstEnergy Transmission (“FET”), the holding company for FirstEnergy’s three regulated electric transmission businesses, to North American Transmission Company II L.P., FirstEnergy’s existing joint venture partner in FET and a controlled investment vehicle entity of Brookfield Infrastructure Partners.
  • Vibrantz completes US$140 million new STS trade receivables securitisation and €10 million trade receivables factoring programmeJones Day assisted Vibrantz Corporation in relation to a new (i) US$140 million cross-border STS trade receivables securitization transaction with ING Belgium NV/SA and NORD/LB and (ii) €10 million bilateral factoring programme with ING Commercial Finance.
  • TenCate Grass sells majority interest in Company to Leonard Green & Partners, LPJones Day advised the management team of TenCate Grass Holding B.V. in connection with Leonard Green & Partners, LP's acquisition of a majority stake in TenCate Grass from Crestview Partners and select other shareholders.
  • The Stephens Group sells Summit Industrial Construction to Comfort Systems USAJones Day is advising The Stephens Group, LLC in the sale of portfolio company, Summit Industrial Construction, LLC, to Comfort Systems USA, Inc.
  • EagleTree Capital acquires Summit Hill FoodsJones Day advised EagleTree Capital in the acquisition and financing of Summit Hill Foods, Inc., a leading branded food company producing nationally recognized, premium brands, including Better Than Bouillon and The Original Louisiana Hot Sauce.
  • EagleTree Capital acquires MMGY GlobalJones Day advised EagleTree Capital in the acquisition and financing of MMGY Global, a leading integrated marketing firm specializing in travel, tourism and hospitality, from Peninsula Partners and other shareholders.
  • Bowlero completes $432.9 million transaction with VICI PropertiesJones Day advised Bowlero Corp. in connection with its $432.9 million transfer of land and real estate assets of 38 bowling entertainment centers across 17 states to VICI Properties (NYSE: VICI).
  • Labcorp completes spin-off of FortreaJones Day represented Labcorp (NYSE: LH), a leading global life sciences company, in the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, market access and technology solutions to pharmaceutical and biotechnology organizations around the world.
  • Fortrea completes $570 million private placement of Senior Secured Notes and obtains $1.5 billion credit facilityJones Day represented Fortrea Holdings Inc., a leading global contract research organization (“CRO”) that provides comprehensive phase I through IV biopharmaceutical product and medical device services, patient access solutions and other enabling services, in connection with the Rule 144A and Regulation S offering of $570 million aggregate principal amount of 7.500% Senior Secured Notes due 2030 and a $1.5 billion senior secured credit facility as part of its spin-off from Laboratory Corporation of America Holdings.
  • CoLift, Traxys Management and Optiver acquire Traxys GroupJones Day represented CoLift LLC, which sponsored the management buy-out of the Traxys Group, a leading global physical trader and merchant in metals and natural resources, together with Optiver, a global market maker and an investor group active in mining and natural resources led by Regent Mercantile Holdings Limited and The LOM Financial Group.
  • NioCorp combines with GX Acquisition Corp. IIJones Day advised NioCorp Developments Ltd. (TSX: NB; OTCQX: NIOBF) in its business combination with GX Acquisition Corp. II (Nasdaq: GXII), a publicly-traded special purpose acquisition corporation.
  • EagleTree Capital acquires PRA EventsJones Day represented EagleTree Capital in connection with its acquisition of PRA Events, Inc., a leading business event management firm, from CI Capital Partners.
    • June 22-23, 2015
      2015 Tax Executives Institute Region II Conference
    • January 13, 2010
      Executive Roundtable Series: Navigating the Tax Laws Under Current Economic Conditions: What the New Administration Is Doing and What the Future May Hold for Businesses