image description

Davis J. Wang

Partner

Davis J. Wang

Partner
New York +1-212-558-4000+1-212-558-4000 +1-212-558-3588+1-212-558-3588
[email protected]

Davis Wang is the co-head of the Firm’s Tax Group, representing clients in structuring various complex transactions, including mergers, acquisitions and restructurings, securities offerings, redomiciliations, spinoffs, UP-Cs, and partnerships.  His practice covers myriad industries (including technology, media, life sciences, industrials, private equity, hedge fund, real estate, financial institutions) and involves many cross-border situations.  He served as a law clerk to Justice Stephen Breyer, and currently serves as a lecturer on law at Harvard Law School where he teaches a course on tax aspects of deal structuring.



SELECTED REPRESENTATIONS

Selected M&A Transactions
  • Amazon.com in its $13.7 billion acquisition of Whole Foods Market
  • Centerview Partners and Barclays as financial advisers to Johnson Controls in its merger with Tyco
  • Concordia Healthcare in its $1.2 billion acquisition of Covis Pharma and Covis Injectables
  • Cyberonics in its $1.5 billion merger with Sorin S.p.A. to create LivaNova
  • Dyax in its $5.9 billion acquisition by Shire 
  • Fiat Chrysler Automobile N.V. in its $60 billion 50/50 merger with Peugeot, creating Stellantis; and on the cross border merger and redomiciliation of its holding company into the Netherlands
  • Fiat Industrial in its combination with CNH Global to create CNH Industrial
  • GGP in its $28 billion acquisition by Brookfield Property Partners
  • Harris Corporation in its $35 billion merger of equals with L3 Technologies; and in its $4.6 billion acquisition of Exelis Inc.
  • L3Harris Technologies in the $1.05 billion sale of its Military Training business to CAE
  • Integra LifeSciences in its acquisition of Acell for up to $400 million
  • Juniper Networks in its $405 million acquisition of Mist Systems; and in its acquisition of Apstra
  • LabCorp in its $6 billion acquisition of Covance 
  • NetScout Systems in its acquisition of substantially all of the assets of Eastwind Networks’ clouds security and breach analytics business
  • Perrigo Company in its approximately $8.6 billion combination with Elan Pharmaceuticals
  • Praxair in its $80 billion merger of equals with Linde
  • Stryker Corporation in its $2.8 billion acquisition of Sage Products from Madison Dearborn Partners
  • Teva Pharmaceutical Industries in its $40.5 billion acquisition of Allergan Generics
  • Tiffany & Co. in its approximately $16 billion acquisition by LVMH Moët Hennessy Louis Vuitton
  • UnitedHealth Group in connection with Optum’s $13 billion pending acquisition of Change Healthcare
 
Selected Spin-Off Transactions
  • Arconic Corporation in considerations related to its spin from Howmet Aerospace
  • AT&T in its spin-off of WarnerMedia and RMT combination with Discovery
  • Cablevision in a series of transactions including its $2.2 billion spin-off of AMC Networks; its $1.3 billion spin-off of Madison Square Garden; and its $496 million acquisition of Sundance Channel from General Electric Company’s NBC Universal, CBS Corporation’s Showtime Networks, and entities controlled by Robert Redford
  • CNH Industrial in its spin-off On-Highway business
  • Fiat Chrysler Automobiles in its IPO and spin-off of Ferrari
  • Madison Square Garden Company in its separation into MSG Networks and Madison Square Garden Company
  • Madison Square Garden Sports in the separation of its sports and entertainment businesses, including the spin-off of its entertainment businesses, Madison Square Garden Entertainment
  • Vornado Realty Trust in its spin-off of Urban Edge Properties; and in its $6 billion spin-off of JBG Smith Realty Trust and RMT combination with JBG
 
Selected Cross-Border Transactions
  • Canadian Pacific Railway in its $31 billion pending acquisition of Kansas City Southern
  • Cronos Group in connection with Altria Group’s $1.8 billion acquisition of a minority stake in Cronos
  • Cyberonics in its $1.5 billion merger with Sorin S.p.A. to create LivaNova
  • Dyax in its $5.9 billion acquisition by Shire 
  • Fiat Chrysler Automobile N.V. in its $60 billion 50/50 merger with Peugeot, creating Stellantis; and on the cross border merger and redomiciliation of its holding company into the Netherlands
  • Fiat Industrial in its combination with CNH Global to create CNH Industrial
  • Garrett Motion in its selection of an enhanced proposal from a consortium of stockholders as the best plan to reorganize Garrett Motion, and successful emergence from Chapter 11
  • K+S Aktiengesellschaft in its $3.2 billion sale of its Americas salt business to Stone Canyon Industries Holdings, Mark Demetree and affiliates
  • Perrigo Company in its approximately $8.6 billion combination with Elan Pharmaceuticals
  • Praxair in its $80 billion merger of equals with Linde
  • Signify in its $1.4 billion acquisition of Cooper Lighting Solutions from Eaton
     

Selected Technology Transactions

  • Amazon.com in its $13.7 billion acquisition of Whole Foods Market
  • Digital Bridge in connection with DigitalBridge Investment Management’s acquisition of a controlling stake in Vertical Bridge Holdings
  • Harris Corporation in its $35 billion merger of equals with L3 Technologies
  • HelloFresh in its $277 million acquisition of Factor75
  • Juniper Networks in its $405 million acquisition of Mist Systems; and in its acquisition of Apstra
  • L3Harris Technologies in the $1.05 billion sale of its Military Training business to CAE
  • NetScout Systems in its acquisition of substantially all of the assets of Eastwind Networks’ clouds security and breach analytics business
  • Signify in its $1.4 billion acquisition of Cooper Lighting Solutions from Eaton

Selected Healthcare Transactions
  • Concordia Healthcare in its $1.2 billion acquisition of Covis Pharma and Covis Injectables 
  • Cyberonics in its $1.5 billion merger with Sorin S.p.A. to create LivaNova 
  • Dyax in its $5.9 billion acquisition by Shire Integra LifeSciences in its acquisition of Acell for up to $400 million
  • LabCorp in its $6 billion acquisition of Covance  
  • NVISION Eye Centers in connection with Ontario Teachers' Pension Plan Board's acquisition of a majority stake in NVISION
  • Perrigo Company in its approximately $8.6 billion acquisition of Elan Pharmaceuticals 
  • Stryker Corporation in its $2.8 billion acquisition of Sage Products from Madison Dearborn Partners
  • Teva Pharmaceutical Industries in its $40.5 billion acquisition of Allergan Generics 
  • UnitedHealth Group in connection with:
    • its subsidiary OptumRx’s $12.8 billion combination with Catamaran Corporation 
    • Optum’s $13 billion pending acquisition of Change Healthcare

Selected Real Estate Transactions
  • GGP in its $28 billion acquisition by Brookfield Property Partners
  • Lexington Building Co. in its $1.775 billion sale of the Crown Building at 730 Fifth Avenue in New York to GGP and Jeff Sutton
  • Vornado Realty Trust in its spin-off of Urban Edge Properties; and in its $6 billion spin-off of JBG Smith Realty Trust and combination with JBG RMT
 
Selected Alternative Investments/PE Experience
  • Galaxy Digital in its private investment in public equity financing of $50 million of aggregate gross proceeds led by a group of institutional investors
  • Pershing Square Holdings in its $2.727 billion IPO of common stock, and Euronext Amsterdam listing, pursuant to Reg S
  • Riverstone Holdings and Pattern Energy Group Holdings 2 LP (Pattern Development) in connection with Canada Pension Plan Investment Board (CPPIB) and Riverstone's combination of Pattern Energy Group Inc. and Pattern Development under common ownership following CPPIB’s acquisition of Pattern Energy Group
 
Selected SPAC Transactions
  • Ermenegildo Zegna Group in its pending combination with Investindustrial Acquisition Corp., a SPAC sponsored by investment subsidiaries of Investindustrial VII L.P., pursuant to which Zegna will become a public company with an initial enterprise value of $3.2 billion
  • Hyzon Motors in its business combination with Decarbonization Plus Acquisition Corporation, a SPAC, under which Hyzon became a publicly listed company with an implied $2.1 billion equity value
  • Justice Holdings, a SPAC, and Pershing Square Capital Management, co-founder of Justice, in connection with Justice’s $1.4 billion IPO and subsequent business combination with Burger King Worldwide Holdings