Michael P. Alcan

MICHAEL ALCAN focuses his practice on the tax aspects of complex transactions involving investment funds and their sponsors. He regularly counsels clients on a broad range of transactional matters, including domestic and cross-border fund formations, mergers and acquisitions, joint ventures, continuation fund transactions, GP stakes transactions, fund financing arrangements, and sponsor-level tax planning. Mike also advises clients on the tax aspects of debt and equity restructurings, capital markets transactions, financial instruments, and derivatives.

• American Bath Group, a bathware manufacturer and Centerbridge Partners portfolio company, on the comprehensive refinancing of its outstanding debt.
• Ares Management Corp. (NYSE: ARES) in:
  • its US$428 million acquisition of AMP’s PrivateMarketsCo Infrastructure Debt platform.
  • its Rule 144A offering US$500 million of senior notes.
  • its acquisition of Cooper’s Hawk Winery & Restaurant, a casual-dining chain and wine club, from KarpReilly.
• Carlisle Companies (NYSE: CSL) in its US$2.025 billion sale of Carlisle Interconnect Technologies, a provider of high-performance wire and cable, to Amphenol (NYSE: APH).
• Clearlake Capital Group, L.P. in:
  • the formation of its eighth flagship fund, Clearlake Capital Partners VIII, alongside related co-investment vehicles and separately managed accounts for a total of US$14.8 billion capital commitments.
  • its acquisition of MV Credit, a private credit specialist, from Natixis Investment Managers and corresponding launch of Clearlake Credit, its specialist credit platform.
  • its single-asset secondary transactions of Icons I through V.
  • its acquisition of Pathway Capital Management, a private markets firm that manages more than US$95 billion in assets.
  • the formation of its US$14.1 billion Clearlake Capital Partners VII and US$7 billion Clearlake Capital Partners VI flagship funds.
  • its sale of OnShift, provider of human capital management software and services in the healthcare industry, to ShiftKey.
  • its acquisition of IXS Holdings, Inc., a leading provider of coating solutions and vehicle upfit services to OEMs, the automotive aftermarket, and diversified industrial end markets, from Olympus Partners.
• Francisco Partners in:
  • the formation of Francisco Partners VIII, its US$15 billion flagship fund and Francisco Partners Agility IV, its US$6 billion middle-market fund, known as the largest fundraise in the firm’s history.
  • the formation of FP Credit Partners III, its US$3.3 billion opportunistic credit fund.
  • the completion of US$17 billion in capital commitments between its US$13.5 billion Francisco Partners VII fund and its US$3.3 billion Francisco Partners Agility III fund.
  • its closing of approximately US$9 billion in capital commitments across two funds: Francisco Partners VI and Francisco Partners Agility I.
• Energy Capital Partners in the formation of ECP VI, its US$8.1 billion flagship fund and largest fund to date.
• Frontier Communications Corporation and its 103 debtor subsidiaries in their prearranged Chapter 11 restructuring in the U.S. Bankruptcy Court for the Southern District of New York.
• GTCR on its US$1.3 billion single-asset continuation fund transaction to acquire existing interests in Consumer Cellular.
• Kayne Anderson in its US$1.393 billion sale of Kayne Anderson Real Estate to Bridgepoint Group plc (LSE: BPT).
• Lovell Minnick Partners in its single asset continuation vehicle for SRS Acquiom.
• Oaktree Capital Management in:
  • its acquisition of a majority interest in BusPatrol, a provider of school bus stop-arm camera technology.
  • its acquisition of Interblock, a leading developer and supplier of luxury electronic table games.
  • its acquisition of Kondaur Capital Corporation, a nationwide residential asset manager and specialty loan service.
  • the acquisition by Oaktree-backed J&J Ventures Gaming LLC of Illinois Gaming Systems, a video gaming terminal operator.
  • its equity investment in WHP Global.
• TJC-backed Potters Industries, a producer of engineered glass beads and microspheres, in its sale to Macquarie Asset Management-led consortium.
• TowerBrook Capital Partners on its investment in Anthropic.
• Tupperware Brands Corporation and its debtor affiliates (“Tupperware”) in their Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware.
• Zelis Healthcare, a Parthenon Capital Partners portfolio company, in a recapitalization and combination transaction with RedCard Systems.

The above matters were handled prior to joining Sidley.