PKF Littlejohn, the London member firm of PKF International, has announced the appointment of three partners and five other professionals. They all join on February 8th from inward investment specialists, Fitzgerald & Law. The partners are Dominic Fiore, Keith Steele and Jonathan Boyfield.
Managing partner, Carmine Papa (pictured 2nd from left), said: “These appointments fit well with the increasingly international focus of the firm. Dominic, Keith and Jonathan have ambitious plans to grow their practice areas and their contributions will help the firm to grow from its current income of £22m to its target income of £25m for 2017 and £40m for 2018.”
Jonathan Boyfield (pictured far left) is a tax partner specialising in expatriate and non-domiciled individual private tax issues. He has has been a partner with Fitzgerald & Law for over 10 years and brings with him a team of five tax professionals. They will join the US expatriate tax team, based in Canary Wharf.
He will work closely with PwC’s tax leader for the North, Martin Hodgson.
Commenting on his appointment, Mr Hodgson said: “This appointment reflects our strategy of building the right team of specialists so that we can continue to help our clients be successful. The experience that Kit has acquired from his time in London, combined with his knowledge of the region gained through much of his career here, will benefit our clients and shows our commitment to recruit and retain the best talent. It is testament to the strength of our practice, and Northern Powerhouse region as a whole, that we are able to attract industry leaders to the North West.”
Mr Dickson said: “It’s an exciting time for the region, with Manchester at the forefront of the devolution agenda, development of Airport City making it the international gateway to the North, an increased level of M&A activity and inwards investment in recent months. The opportunity to return to such a dynamic marketplace was too good to miss and I am looking forward to working with Martin and the team at PwC to help support both new and existing clients with their growth ambitions.”
Morgan Lewis has recruited Gregory Hartker as a partner in San Francisco. Mr. Hartker, who focuses on US and global corporate and partnership tax issues, adds depth to the team’s international planning and transfer pricing capability. He was previously a leader of the West Coast tax practice of K&L Gates.
Mr. Hartker’s practice covers both taxable and tax deferred mergers and acquisitions, public and private debt instruments, and partnership and LLC structuring and operating issues. He combines this experience with an extensive international tax background, including areas involving Subpart F, Passive Foreign Investment Companies (PFIC), foreign tax credits, withholding, treaty issues, cost sharing, and cross-border transfer pricing. Mr. Hartker assists clients with investment fund structuring and represents investors in such funds. Additionally, he advises clients on the tax aspects of financial instruments including notional principal contracts and other derivative products and he played a key role in the development of the next generation of standard derivatives documentation following the enactment of the Dodd Frank Act.
“We are thrilled to welcome Greg, a lawyer with a deep range of experience in key areas that are in high demand by our clients,” Morgan Lewis tax leader Barton W. S. Bassett said. “Greg is well regarded in the tax community in California and across the West Coast of the United States, and his arrival complements the considerable strengths of our team.”
Deloitte has announced the transfer of a number of partners and senior directors to its Middle East operations in the GCC.
Maxim Chaplygin, a tax partner from Deloitte Russia, will join the Middle East Firm as the tax risk regional leader. Mr Chaplygin has significant expertise in corporate tax, outsourcing and co-sourcing tax, risk regulations and practices, accounting and tax compliance processes as well as experience in utilizing electronic client data in accounting projects.
He has worked with companies in multiple industries but is particularly proficient in the telecom, media and technology space. Mr Chaplygin joined Deloitte in 2002 and has been a partner since 2007.
Source: TradeArabia News Service
Blank Rome has hired Scott DeMartino as a Partner in the Washington, D.C., office’s Tax group. Mr. DeMartino focuses his practice on real estate and renewable investments using renewable energy tax credits, historic rehabilitation tax credits, and new markets tax credits. He joins Blank Rome from Bryan Cave LLP, where he was counsel.
“The world of tax credits is constantly shifting—be it newer credits, like those for renewable energy sources, or frequent updates to revenue procedures,” said Alan J. Hoffman, Blank Rome’s Chairman and Managing Partner. “Scott’s experience in these areas, as well as his notable work with historic and underserved communities, will be an excellent complement to our Firm’s offerings and add significant value for our clients.”
Mr. DeMartino began his career with Arthur Andersen in 1998. He then spent time with Brown Rudnick, Ernst & Young, Spector Gadon & Rosen and Nixon Peabody.
“I am thrilled to join Blank Rome’s nationally recognized tax group and have the opportunity to work with the Washington, D.C., team led by Michael Sanders, and be a part of their significant practice. It will be invigorating to collaborate with Mike and draw upon his knowledge as a leader in new markets tax credit and historic tax credit transactions, and his nearly 40 years of experience serving as a tax professor in the graduate program at Georgetown Law and at The George Washington University Law School,” said Mr. DeMartino. “In addition to working together with and further growing the Firm’s talented tax group, I am looking forward to working alongside, and tapping into the deep experience of, other industry leaders across Blank Rome, including those in commercial real estate development, finance, securities, energy, and environmental, who will support my practice and clients.”
Mr. DeMartino received his LL.M. from New York University, his J.D. from Washington and Lee University, and his B.A. from Bates College.
Mark Walters has joined BDO in London as a tax partner and head of the expatriate tax service line. His role is to build and deliver bespoke advisory private client and entrepreneurial taxation services for American, UK and other nationals.
Mr Walters is very well known within the expatriate tax world. He was an equity tax partner with leadership responsibilities at Arthur Andersen and remained with Deloitte for a year post-transaction. In 2004 he joined the specialist and highly-regarded tax boutique Frank Hirth, where he worked until earlier this year. He became the first Managing Director of Frank Hirth’s business in 2008, leading strategy and development from London office. He then moved to New York in April 2014 to develop further the idea of a transatlantic approach to client service. He built a structured business development approach to multi disciplinary services within Frank Hirth and with other professional partners; primarily law firms, private banks and other wealth and financial management professionals.
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Davis Polk has announced that David Schnabel has joined the firm as a partner in New York. He was previously at Debevoise & Plimpton LLP, where he had been a partner since 2000.
Mr. Schnabel’s tax practice focuses on M&A transactions for private equity and corporate clients, as well as acquisition financing and private fund formation.
Mr. Schnabel is the former Chair of the Tax Section of the New York State Bar Association and former co-chair of the Investment Funds Committee, the Consolidated Returns Committee and the Partnership Committee; a member of the planning committee for the University of Chicago Law School Tax Conference; and a fellow of the American College of Tax Counsel.
“David is one of the premier tax lawyers in New York,” said Avishai Shachar, co-head of Davis Polk’s Tax Department. “We have known David for many years and he complements perfectly our talented bench of Davis Polk tax lawyers. His arrival will make our leading practice even stronger.”
“Davis Polk’s tax practice has a terrific reputation and is well-known for its sophisticated and innovative work,” said Mr. Schnabel. “The team’s collegiality, entrepreneurial spirit and dedication to clients make it the ideal environment to further develop my practice.”
A frequent speaker and author on the tax aspects of M&A and private equity, Mr. Schnabel is ranked as a leading corporate tax lawyer by Chambers USA (2013-2015), where clients call him “absolutely outstanding: levelheaded and extremely intelligent.” He is also recommended by The Legal 500 US (2011-2015), where he is noted as “one of the real experts in partnership tax – who can integrate technical tax answers with actionable and commercial solutions.”
Before joining Davis Polk, Mr. Schnabel’s representations included:
- Amazon.com in its acquisition of Elemental Technologies, pioneers in software-defined video solutions for multiscreen content delivery
- Clayton, Dubilier & Rice in the:
- $910 million acquisition of Healogics, the largest advanced wound care services provider in the United States
- $1.8 billion acquisition of Ashland Water Technologies
- Acquisitions of Brand Energy and Harsco Infrastructure in a combined transaction valued at $2.5 billion
- $1.5 billion acquisition of a majority ownership stake in WilsonArt International Holdings, the decorative surfaces unit of Illinois Tool Works
- $3.2 billion acquisition of Emergency Medical Services Corporation
- 46% investment in JohnsonDiversey, a transaction valued at $2.6 billion
- Acquisition of PharMEDium, a provider of sterile compounding services to hospital pharmacies
- $5.5 billion going-private acquisition of ServiceMaster
- “Sponsored spinoff” investment in 47.5% of Sally Beauty, the beauty supplies business spun off by Alberto-Culver, valued at $3 billion
- $4.3 billion sale of Diversey Holdings to Sealed Air
- Clayton, Dubilier & Rice and GS Capital Partners in their acquisition of HGI Holdings, a distributor of medical products to chronic disease patients
- Envision Healthcare in its $620 million acquisition of Rural/Metro Corporation
- International Paper in the combination of its xpedx distribution solutions business with Unisource (a Bain portfolio company) in a “Reverse Morris Trust” transaction
- Truck-Lite, a Kelso & Company portfolio company, in its sale to Koch Equity Development and BDT Capital Partners
- ServiceMaster (a portfolio company of Clayton, Dubilier & Rice) in its spinoff of TruGreen
- Morgan Stanley Private Equity in its acquisition of:
- Access Cash, a Canadian independent service organization that manages the country’s second-largest network of automated teller machines
- EmployBridge, a provider of outsourced human resource and specialty-branded temporary staffing services
- AssuraMed, a Clayton, Dubilier & Rice portfolio company, in its $2 billion sale to Cardinal Health
- EIG Global Energy Partners in:
- Its sale of a minority interest to a sovereign wealth fund
- The formation of EIG Energy Fund XVI, a $6 billion energy and energy-related infrastructure fund
- Kelso & Company in its:
- Acquisition of Nivel Holdings, a distributor of golf car aftermarket parts and accessories
- Acquisition of Augusta Sportswear, a manufacturer of sports team uniforms
- Acquisition of Logan’s Roadhouse, a casual dining restaurant chain, from an investor group led by Bruckmann, Rosser, Sherrill & Co.
- Investment in Wilton Re, a Bermuda-based life reinsurance company
- PSAV, a Kelso & Company portfolio company, in its acquisition by affiliates of Goldman Sachs
- Access Industries, as part of a consortium with Apollo Global Management and Riverstone Holdings, in its $7.15 billion acquisition of the oil and gas exploration and production assets of El Paso, which were sold in connection with Kinder Morgan’s $38 billion acquisition of El Paso. This transaction was named “Private Equity Deal of the Year” by International Financial Law Review.
- Bain Capital, The Carlyle Group and Clayton, Dubilier & Rice in their $8.5 billion acquisition of HD Supply from The Home Depot
- FLAG Capital Management in its acquisition of Squadron Capital, a Hong Kong-based private equity investment firm
- OEP Capital Advisors in its spinout from JPMorgan Chase, formation of One Equity Partners Secondary Fund, a $1.5 billion U.S. private equity fund, investment management arrangements with JPMorgan Chase and certain related matters
- Diamond Castle in the restructuring of, and secondary sale of interests in, Diamond Castle Partners IV. In the transaction, Goldman Sachs, Intermediate Capital Group and other syndicate investors committed capital to a newly formed Diamond Castle-managed fund that acquired most of the portfolio of Fund IV, and Fund IV limited partners elected either to participate in the longer term potential of the portfolio by rolling their interests into the new fund or to effectively sell their interests to the buying syndicate.
- A consortium that includes CAI Capital Partners, Goldman Sachs Capital Partners, Kelso & Company and Vestar Capital Partners, in its $3.3 billion going-private acquisition of CCS Income Trust, a Canadian company providing waste management services to the oil industry
- Ripplewood Holdings in its $3.4 billion acquisition of RSC Equipment Rental from Atlas Copco and in its purchase of a substantial interest in The Commercial Bank of Egypt
- Warner Music Group in its $765 million acquisition of Parlophone Label Group from Universal Music Group
- Reynolds Group (formerly known as Rank Group Holdings Limited) in its:
- $4.5 billion acquisition of Graham Packaging Company
- Acquisition of Dopaco, a food service packaging company
- $3 billion acquisition of Reynolds Consumer Products and Closure Systems International
- Access Industries in its $3.3 billion acquisition of Warner Music Group
- Schneider Electric in its acquisition of:
- Lee Technologies, a U.S.-based service provider specializing in large-scale data centers in the North American market
- Summit Energy Services, a leader in outsourced energy procurement and sustainability services to industrial, commercial and institutional enterprises
- The Rank Group in its:
- $950 million acquisition of Honeywell’s automotive consumer products group
- $2.7 billion purchase of Alcoa’s packaging and consumer businesses
- Verizon Wireless in its $2.67 billion acquisition of Rural Cellular
- The special committee of eSpeed in eSpeed’s $1.3 billion merger with BGC Partners
- Energy Brands, also known as Glacéau, the maker of VitaminWater, in its $4.1 billion acquisition by The Coca-Cola Company.
Thomas Butler has resigned from Grassi & Co. Mr Butler has lead the tax service line at Grassi & Co in Jericho/NYC since July 2013. He joined Janover last month as Senior Tax Partner.
Mr Butler has had extensive and broad-ranging tax experience, having worked as a consultant and in-house. He left KPMG Peat Marwick in 1986 as a Senior Tax Manager to move in-house, joining Reliance Group Holdings as VP Tax, where he stayed for the next 14 years. In 2000 he returned to the accountancy profession, joining Grant Thornton as a Tax Partner and head of the Long Island Tax Practice. After almost 12 years at Grant Thornton he moved to Grassi & Co.