Peter A. Furci is a broad-gauge tax lawyer who serves as Co-Chair of Debevoise’s global tax practice. He specializes in M&A, investment fund formation and general corporate transactions. He works closely with Debevoise’s Private Equity, Family Enterprise, Corporate M&A and Latin America Groups.
Over the years, Mr. Furci has built a reputation as a creative and commercial problem solver. He is listed as a leading tax lawyer by Chambers Global and Chambers USA, where clients have noted that he “consistently produces high-quality work and is very responsive.
I always have full confidence he’ll do an outstanding job,” adding that he is “a phenomenal tax lawyer who is practical and solution-oriented. He gets things done with no surprises.” Mr. Furci is also recognized by The Legal 500 US, where sources have noted he is “outstanding, proactive and thoughtful” and “simply the best tax lawyer I have ever worked with.” Peter was named by Law360 as one of its 2015 MVPs for tax.
A frequent writer and speaker on tax and private equity, Mr. Furci is an adjunct professor of tax law at New York University Law School and serves on the Executive Committee of the New York State Bar Association Tax Section.
He is also a fellow of the American College of Tax Counsel. His practice has a heavy international dimension, often helped by the fact that he is proficient in Portuguese, Spanish and Italian.
Mr. Furci joined Debevoise in 1995 and became a partner in 2003. He has a B.A. cum laude from Dartmouth College and a J.D. magna cum laude from New York University, where he was a member of the Order of the Coif and the Tax Law Review. He received his LL.M. in Taxation from New York University in 1999.
- GoDaddy in its acquisition of Sellbrite, a management platform that enables brands & retailers to list and sell products effortlessly across multiple online sales channels and gain centralized control over inventory and orders.
- Clayton, Dubilier & Rice and TRANZACT in the $1.2 billion sale of TRANZACT to Willis Towers Watson.
- NCI Building Systems in its unit purchase agreement with Environmental Materials, LLC.
- Vets First Choice in the financing aspects of its merger with the Henry Schein Animal Health business to create Covetrus, a new standalone public company.
- The Carlyle Group in its strategic minority investment in Grupo Madero, the largest casual dining and fast-casual restaurant chain in Brazil.
- Blackstone’s Tactical Opportunities Group in its strategic minority investment in Annexus, a leading designer of annuities and insurance-based retirement products.
- Tribune Media Company in its $6.4 billion sale to Nexstar Media.
- Dealer Tire in a significant investment by Bain Capital Private Equity.
- NJRetina in the formation of a strategic affiliation with NJEye and Quad-C Management.
- HCA Healthcare in its $1.5 billion acquisition of Mission Health, a nonprofit North Carolina health system.
- The Carlyle Group in its strategic partnership with AIG to position DSA Re as a platform to provide solutions for insurance liabilities globally.
- Johnson & Johnson in its acquisition of Zarbee’s Naturals, a leader in naturally-based healthcare products.
- Ply Gem and Clayton, Dubilier & Rice in Ply Gem’s $5.5 billion stock-for-stock combination with NCI Building Systems.
- Dealer Tire in its significant investment in SimpleTire.
- Solenis, a Clayton, Dubilier & Rice portfolio company, in its combination with BASF’s paper and water chemicals business.
- SunSource, a Clayton, Dubilier & Rice portfolio company, in its acquisition of Ryan Herco Flow Solutions, a distributor of hydraulic and pneumatic fluid power products in the U.S. and Canada.
- Numerous sponsors of investment funds pursuing all major investment strategies, including emerging markets, energy, buyouts, hedge, mezzanine, real estate and distressed debt funds, including:
- Carmel Partners Investment Fund VI, a $1.025 billion real estate fund.
- Crescent Mezzanine Partners VII, a $4.6 billion U.S. mezzanine fund.
- Gramercy Distressed Opportunity Fund III, a $550 million emerging markets distressed credit fund.
- GSO Capital Opportunities Fund III, a $6.5 billion global mezzanine fund.
- GSO Energy Select Opportunities Fund, a $3 billion North America power/energy fund.
- GSO Credit Alpha Fund, a $1 billion North America and Western Europe credit opportunities fund.
- GSO Credit Alpha Annex Fund, a $960 million North America and Western Europe credit opportunities fund.
- Littlejohn Fund V, a $2 billion U.S. buyout fund.
- Oaktree Opportunities Fund X/Xb, a $12.5 billion global distressed debt fund.
- Oaktree Real Estate Opportunities Fund VII, a $2.9 billion global real estate fund.
- Oaktree Principal Fund V, a $2.8 billion global distressed fund.
- Oaktree European Principal Fund IV, a €1 billion Europe distressed fund.
- Och-Ziff Real Estate Fund III, a $1.5 billion U.S. real estate fund.
- Rockwood Capital Real Estate Partners Fund X, a $1.15 billion U.S. real estate fund.
- Tishman Speyer Brazil Fund III, a $450 million Brazil real estate fund.
- Vinci Capital Partners II, a $1.4 billion Brazil fund.
- The Carlyle Group in its strategic minority investment in DiscoverOrg, the leading global sales and marketing intelligence platform.
- Clayton, Dubilier & Rice in its acquisition of a majority interest in American Greetings.
- Nationstar Mortgage, a leading mortgage servicer and originator, in its $3.8 billion merger with WMIH.
- Clayton, Dubilier & Rice in its $2.4 billion take private of Ply Gem and acquisition of Atrium Windows & Doors, two leading building products companies.
- The Carlyle Group in its acquisition of MedRisk, a provider of managed physical medicine to the workers’ compensation industry.
- Ambev S.A. in the acquisition of a 30% interest in Cervecería Nacional Dominicana (CND), the leading beer company in the Caribbean, and the restructuring of its joint venture with E. León Jimenes, in a transaction valued at $926.5 million.
- Time Inc. in its $2.8 billion sale to Meredith.
- OppenheimerFunds in a joint venture with The Carlyle Group, which will provide global private credit opportunities for the wealth market.
- Pacific Life and Aviation Capital Group in the minority investment by Tokyo Century in Aviation Capital Group, a transaction which won the Airline Economics Aviation 100 “2017 Overall Equity Deal of the Year” award.
- Special Committee of the Board of Directors of BGC Partners in BGC Partners’ acquisition of Berkeley Point Financial, a leading commercial real estate finance company.
- Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the U.S.
- RWL Water in the merger by acquisition of Emefcy Group and RWL Water.
- Clayton, Dubilier & Rice in its $650 million acquisition of Capco, FIS’s management consulting business.
- Verizon Communications in its $3.1 billion acquisition of Straight Path Communications, a leading wireless spectrum holder.
- Tribune Media Company in its $6.6 billion sale, later terminated, to Sinclair Broadcast Group.
- Capital Group in its acquisition of an equity stake in Intas Pharmaceuticals, one of the largest pharmaceutical companies in India, from ChrysCapital, an India-focused private equity firm.
- Empowerment Ventures and its wholly-owned subsidiary UniRush, a pioneer in the development of reloadable prepaid debit cards, in the sale of UniRush to Green Dot.
- Tribune Media Company in the $560 million sale of Gracenote, a leading entertainment data provider, to the Nielsen Company.
- PharMEDium, a Clayton, Dubilier & Rice portfolio company and the leading national provider of outsourced compounded sterile preparations to acute care hospitals in the United States, in its $2.6 billion sale to AmerisourceBergen.
- Clayton, Dubilier & Rice in its acquisition of a controlling stake in Drive DeVilbiss Healthcare, a global manufacturer of medical products.
- Providence Service Corporation in a strategic partnership with Frazier Healthcare Partners in Matrix Medical Network.
- Littlejohn & Co. in the sale of a minority interest in the firm’s management companies and general partners to Goldman Sachs Alternative Investments & Manager Selection (AIMS) Group.
- Evercore in the transfer of control of its Mexican private equity business, Evercore Mexico Capital Partners, to Glisco Partners.
- Greater Media in its $240 million sale to Beasley Broadcast Group.
- Dealer Tire in its sale of the assets of Dealer Tire Canada to Groupe Touchette.
- Verizon Communications in its acquisition of Telogis, a provider of Software-as-a-Service (SaaS) technology and services, specifically in the connected vehicle and mobile enterprise management sectors.
- Envision Healthcare in its $15 billion merger with AMSURG, creating one of the largest U.S. providers of specialty physicians and hospital-related services.
- Clayton, Dubilier & Rice in its $415 million acquisition of High Ridge Brands, the largest North American consolidation platform focused on acquiring orphaned personal care brands, from Brynwood Partners.
- Lauro Cinquantasette in its €315 million sale of Prime European Therapeuticals S.p.A. to Albany Molecular Research.
- Verizon Communications in its $1.8 billion acquisition of XO Communications’ fiber-optic network business.
- GP Investments in a joint venture with a subsidiary of the Abu Dhabi Investment Authority (ADIA) to finance the acquisition, through a tender offer in Brazil, of a controlling stake in BR Properties, a Brazilian real estate company.
- TruGreen, a Clayton, Dubilier & Rice portfolio company, and CD&R in TruGreen’s merger with Scotts LawnService.
- The Dolan family, controlling stockholders of Cablevision Systems Corporation, in Cablevision’s $17.7 billion sale to Altice.
- American Seafoods, one of the largest seafood companies in North America and one of the largest harvesters of fish in the world, in the successful out-of-court refinancing and restructuring of nearly $1 billion in aggregate funded debt.
- Apollo Global Management in its acquisition of a majority interest in the asset management business of AR Capital (subsequently withdrawn), its acquisition of the wholesale distribution business of RCS Capital and its substantial minority equity investment in RCS Capital.
- Alliance Laundry Systems, an Ontario Teachers’ Pension Plan portfolio company, in the sale of majority interest to BDT Capital Partners.
- Atlas Merchant Capital in its preferred stock investment in South Street Securities.
- Independent Committee of the Board of Directors of Martha Stewart Living Omnimedia in its $365 million sale to Sequential Brands.
- The D. E. Shaw Group, a global investment and technology development firm, in the sale of a 20% equity interest in the management companies of The D. E. Shaw Group previously owned by Lehman Brothers to an entity managed by Hillspire, the family office that serves as the investment vehicle for Google Executive Chairman Eric Schmidt and his family.
- Verizon Communications in the $10.54 billion sale of its local wireline operations in California, Florida and Texas to Frontier Communications.
- Dealer Tire in its receipt of a significant investment by Lindsay Goldberg and redemption of TA Associates’ ownership interests.
- Standard General in its acquisition of RadioShack’s asset based credit facility from GE Capital in a transaction expected to result in ownership of not less than 50% of the company’s equity securities.
- Chemtura in the $1 billion sale of its agrochemicals business, Chemtura AgroSolutions.
American International Group in the sale of ILFC to AerCap Holdings N.V. for $7.6 billion, consisting of $3 billion in cash and a 46% interest in AerCap, a transaction awarded the AirFinance Journal “2014 Overall Deal of the Year” award.
- Tribune Media Company in its spin-off of Tribune Publishing Company.
- PVDC, a subsidiary of Barrick and Goldcorp, in a renegotiation of the terms of the Pueblo Viejo Special Lease Agreement with an NPV of $1.5 billion.
- The Special Committee of the Board of Directors of Dell in the $24.9 billion sale of Dell to an investor group including Michael Dell and Silver Lake.
- The Carlyle Group in its $3.3 billion acquisition of Getty Images.
- Tribune Media Company in its $2.7 billion acquisition of Local TV Holdings.
- Resolution Life in its formation and initial capitalization, related to its $587 million acquisition of Lincoln Benefit Life Company from Allstate Life Insurance Company, which included reserve financing, a reinsurance facility and bank debt.
- New York Life Insurance Company in the sale of its Mexico surety subsidiary, Fianzas Monterrey, S.A., to ACE Group, for about $285 million.
- International Paper in its $4.3 billion acquisition of Temple-Inland.
- LivingSocial in its acquisition of Ticket Monster, the leading social commerce website in South Korea.
- Discovery Communications in its acquisition of BBC Worldwide’s 50% interest in the BBC Worldwide-Discovery joint ventures for Animal Planet and Liv (formerly People + Arts).
- The Dolan family in the $1.6 billion tax-free spin-off of Madison Square Garden and related businesses to the stockholders of Cablevision Systems Corporation.
- Aspen Marketing Services in its sale to Alliance Data Systems Corporation.
- Capital Group, as a member of a consortium, in the consortium’s $700 million acquisition of 1,600 restaurants in Latin America and the Caribbean from McDonalds.
- The Carlyle Group in its $600 million joint venture with RPK Capital Management.
- Verizon Communications in the $8.6 billion spin-off and merger of its wireline businesses in 14 states to Frontier Communications Corporation.
- American International Group in the sale of its investment advisory and asset management business to Pacific Century Group.
- Verizon Wireless in its acquisition of Alltel Corporation, a transaction valued at $28.1 billion.
- The Carlyle Group in its $2.54 billion acquisition of Booz Allen Hamilton’s U.S. government consulting business.
- International Paper in its $6.1 billion sale of six million acres of U.S. timberlands to an investor group led by Resource Management Service and an investor group led by TimberStar.
- Galderma in its $420 million cross-border cash tender offer for Collagenex Pharmaceuticals.
- The Carlyle Group in its $1.5 billion acquisition of PQ Corporation from J.P. Morgan Partners.
- Verizon Communications in the $2.72 billion spin-off and merger of Verizon’s local exchange business in Maine, New Hampshire and Vermont with Fairpoint Communications.
- Discovery Communications in its $1.9 billion acquisition of Cox Communications’ 25% interest in Discovery Communications for the Travel Channel and cash.
- Discovery Communications in its acquisition of HowStuffWorks.com.
- Phelps Dodge in its $26 billion merger with Freeport-McMoRan Copper & Gold, forming the world’s largest publicly traded copper company.
- New York University, 1999, LL.M.
- New York University School of Law, 1995, J.D.
- Dartmouth College, 1992, B.A.
- New York
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