Jason M. Licht

jason.licht@lw.com

+1.202.637.2258

jason.licht@lw.com

Profile

Jason Licht, Global Chair of the Private Equity Finance Practice and a nationally recognized capital markets lawyer, provides strategic advice and partners with clients in their highest-stakes capital markets transactions, particularly initial public offerings and acquisition financings.

Jason guides private equity sponsors, public and private companies, and investment banks across industries and across borders to help design and execute their capital strategy utilizing a full spectrum of financing and capital markets transactions. He draws on a sophisticated understanding of all parties’ perspectives and deep market knowledge to provide seasoned advice on:

Acquisition financings
IPOs
Equity and debt offerings, including high-yield and investment grade offerings
Public company representation
Governance matters
Liability management transactions

He also previously served as Co-Chair of the Corporate Department in Washington, D.C.

Experience

Initial Public Offerings

Jason’s representative experience includes advising on IPOs and several billions of dollars of other equity transactions, including the IPOs of:

Medline (US$7.2 billion)
StandardAero (US$1.44 billion)
Waystar Holding Corp. (US$967 million)
Life Time Group Holdings (US$730 million)
Ortho Clinical Diagnostics Holdings (US$1.485 billion)
Atotech Limited (US$498 million)
Zoominfo Technologies (US$1.07 billion)
Supernova Partners Acquisition Company (US$402 million)
Certara (US$768 million)
PPD (US$1.8 billion)
Capitol Investment Corp. V (US$345 million)
PQ Group Holdings (US$508 million)
Blue Buffalo Pet Products (US$778 million)
Axalta Coating Systems (US$975 million)
Allison Transmission Holdings (US$690 million)
CommScope Holdings (US$576 million)
Wesco Aircraft Holdings (US$315 million)
MultiPackaging Solutions (US$246 million)
K2M Group Holdings (US$147 million)
Booz Allen Hamilton (US$273 million)
Mako Surgical (US$51 million)
Vitamin Shoppe (US$154 million)

Private Equity Transactions

Jason’s private equity experience includes representing:

The Carlyle Group in numerous acquisition financings and securities offerings, including its acquisitions of:
- BASF Coatings
- Hexaware Technologies
- Standard Aero
- Nouryon
- Atotech
- Veritas
- Acosta
- Ortho Clinical Diagnostics
- Axalta
- NBTY
- Sequa
- Open Solutions
One Rock in:
- The financing for the acquisition of Nestlé Waters North America (BlueTriton Brands) and its subsequent merger with Primo Water
- The financing of FXI Holdings’ acquisition of Innocor
- Its strategic investment in BrightView
Genstar in the financing for its acquisition of BBB Industries
Leonard Green & Partners and Ares Corporate Opportunity Fund in its financing of the acquisition of Press Ganey
Ares and Leonard Green & Partners in the senior notes offering for CHG Healthcare
SK Capital in the senior notes offering for SI Group
Advantage Solutions in its senior secured notes offering in connection with its merger with Conyers Park II Acquisition and recapitalization transactions
GTCR in the offering of senior notes to finance the acquisition of AssuredPartners
Cinven in the financing of its acquisition of Jaggaer
Leonard Green & Partners in the financing for its acquisition of SRS Distribution and subsequent $18 billion sale to The Home Depot
Ares Management and another investor in the financing for the acquisition of Neiman Marcus Group
BC Partners and The Carlyle Group in the financing for the acquisition of Accudyne
KKR in the financing for the acquisition of Capital Safety
Platinum Equity and Nesco in the offering of senior secured second lien notes
The Carlyle Group and Hellman & Friedman in the financing for the acquisition of Pharmaceutical Product Development (PPD)
The Carlyle Group and Onex Corporation in the financing for the acquisition of Allison Transmission Holdings
The Carlyle Group in connection with Hexaware’s global bond offering
The Carlyle Group in its sale of SierraCol Energy to Prime Infrastructure
SI Group in its comprehensive recapitalization
PAI Partners in the financing of the acquisition of Tropicana, Naked, and other select juice brands from PepsiCo and recapitalization transactions

Public Company Acquisition Financings

Jason has deep experience representing public companies in acquisition financings, including:

Paramount Skydance in connection with its proposed US$110 billion acquisition of Warner Bros. Discovery
Sealed Air in its US$10.3 billion acquisition by CD&R
Merus in its US$8 billion acquisition by Genmab
Bunge Global in its US$8.2 billion acquisition of Viterra
Allison Transmission Holdings in its US$2.7 billion acquisition of Dana’s Off-Highway business
Cox Enterprises in the proposed US$34.5 billion combination of its Cox Communications business with Charter Communications
DoorDash in its £2.9 billion acquisition of Deliveroo
Figure Technology Solutions in connection with its US$717 million acquisition of Kiavi
FIS in its:
- US$24.2 billion sale of Worldpay by FIS and GTCR to Global Payments
- US$13.5 billion acquisition of Global Payments’ Issuer Solutions business
Bridge Investment Group in its US$1.5 billion acquisition by Apollo
Shift4 in its US$2.5 billion acquisition of Global Blue
Webhelp in its US$4.8 billion combination with Concentrix
Tenneco in its US$7.1 billion acquisition by funds managed by Apollo
Carco PRP on financing in connection with the acquisition of SKF operations

Select Debt Transactions

Jason has also represented issuers and underwriters in hundreds of billions of dollars of other debt transactions, including in connection with:

DoorDash’s US$2.75 billion convertible senior notes offering
Medline’s US$2 billion senior notes offering
Tapestry’s US$1.5 billion senior notes offering
Sirius XM Radio’s US$1.25 billion senior notes offering
CoStar Group’s US$1 billion senior notes offering
Nordson’s US$1.45 billion of senior notes offering
Molina Healthcare’s US$750 million senior notes offering
Allison Transmission’s US$500 million senior notes offering
Host Hotels & Resorts’ US$600 million green bond offering, and its US$500 million and US$400 million senior notes offerings
KLA Corporation’s US$750 million senior notes offering
SierraCol Energy’s US$600 million senior notes offering
Life Time’s US$925 million, US$500 million, and US$475 million senior notes offerings
CommScope’s senior notes offerings and comprehensive US$4.15 billion strategic refinancing
Veritas US’ US$1 billion and US$750 million senior notes offerings and over US$4 billion of exchange and refinancing transactions
Johnson Controls’ several billions of dollars of offerings of senior notes
Axalta Coating Systems’ US$700 million and US$500 million senior notes offerings
ZoomInfo’s US$350 million senior notes offering and US$500 million sustainability-linked senior notes
US Foods’ several billions of senior notes offerings
Ortho-Clinical Diagnostics’ US$675 million and US$400 million senior notes offerings
PPD’s US$1.2 billion senior notes offering
Tropicana’s US$2.7 billion+ of exchange and recapitalization transactions
FXI’s US$1.5 billion+ of exchange and new money financing transactions
GPD Companies’ exchange offer of senior notes in connection with a strategic refinancing