David Bower

David I. Bower joined Weil, Gotshal & Manges’ Washington DC office in 1994. Mr. Bower represents clients in international taxation matters.

His practice focuses on joint ventures, private equity funds, and a variety of international transactions. His practice areas include financing structures, the application of US anti-deferral regimes to international restructurings, and foreign investment in the United States.

Macquarie Capital (USA) Inc.:

• Term and Multicurrency Revolving Facilities for Sonneborn, LLC – Represented Macquarie Capital (USA) as joint bookrunner/book manager and joint lead arranger in $270 million term and multicurrency revolving facilities for Sonneborn, maker of high-purity specialty hydrocarbons for use in medical and personal products, to finance the acquisition of Sonneborn and related companies by One Equity Partners from Sun Capital Partners.

American Securities;AZ Chem US Inc.:

• Term and Revolving Facilities for AZ Chem US – Represented leading biorefiner of pine chemicals, AZ Chem US, and its sponsor, American Securities, in $610 million term and revolving facilities for AZ with proceeds to be used, among other things, to finance a dividend recapitalization.

Syndicate of Lenders:

• Dollar & Euro Revolving Facilities for CSLB and CSL – Represented Citi, Commerzbank London Branch, Deutsche Bank London Branch, HSBC Bank USA, HSBC Bank Plc, and Wells Fargo Bank in $430 and €155 revolving facilities for US and UK biopharmaceutical companies CSLB Holdings and CSL UK Holdings.

Providence Equity Partners LLC;Blackboard Inc.:

• Acquisition Financing for Blackboard – Represented Providence Equity Partners and Blackboard in $1.23 billion first and second lien credit facilities in connection with Providence Equity’s take-private of Blackboard, a developer and licensor of e-learning, transaction processing, e-commerce and online community software applications and related services to education institutions in more than 60 countries.

Sumitomo Corp. of America:

• Acquisition Financing for Arrow Aluminum – Represented Sumitomo Corp. of America as consortium member parent of Arrow Aluminum Acquisition (a consortium of Japanese companies, including Sumitomo, Furukawa Sky, Sumitomo Light Metal and ITOCHU) in its $430 million term and revolving financing related to Arrow’s acquisition of US-based Arco Aluminum, a supplier of rolled aluminum sheet used mainly in the production of beverage cans.

Medpace, Inc;CCMP Capital Advisors, LLC:

• Acquisition Financing for Medpace – Counsel to CCMP Capital Advisors and Medpace, a full-service global clinical research organization, in $335 million term and revolving facilities for Medpace in support of its acquisition by CCMP.

Admissions:

• District of Columbia
• US Tax Court

Education:

• University of Delaware (B.A., 1976)
• University of Delaware (B.A., 1976)
• University of Pennsylvania Law School (J.D., 1979)
• New York University School of Law (LL.M., 1984)