Daniel Blickman has substantial experience in a wide range of federal and state tax issues. He has represented large public companies, middle market companies, small or start-up companies, and individuals in all aspects of: · mergers and acquisitions · issuance of securities · reorganizations, redemptions, and liquidations, both domestic and international · using corporations, partnerships, and joint venture structures He also has extensive experience in the formation of investment funds, real estate transactions, compensation issues, cross-border investments (both in-bound and out-bound), securitizations, and capital market issues, including swap agreements. Mr. Blickman's experience includes representation of: · Public companies, private companies, major buyout groups, private equity and venture capital funds in acquisitions and financings, LBOs, reorganizations, spin-offs and split-offs, recapitalizations, taxable deals (including Section 338 issues), redemptions, loss corporations (issues under Sections 269, 382-384), and related issues · Both sponsors and investors-including tax-exempt investors-in: the formation of, and transactional work for, private equity and venture capital funds, real estate funds, hedge funds, distressed debt funds, and funds of funds; special issues such as UBTI, complex distributions and capital account allocations; cross-border taxation; and related compensation arrangements, including the design of carried interests · International companies structuring both in-bound and out-bound investments, including tax treaty issues · Individuals and companies in a broad range of executive compensation issues: stock options, restricted stock, deferred compensation, rabbi trusts, Section 280G parachute payment issues; Section 162(m) restriction on public company compensation · Issuers and underwriters in securitizations and CDOs · Issuers and investors on interest deduction issues, original issue discount, constructive dividend issues, and swap transactions In 2009 and 2010, Mr. Blickman chairs the Tax Section of the Philadelphia Bar Association. Representative Matters · $1.1 billion acquisition of retail chain's retail and real estate operations. · "Double dummy" transaction of two publicly traded utility companies. · Formation of $2 billion investment fund; designing compensation structures for investment professionals; drafting documents; negotiating side letters with limited partners; and advising on structuring of transactions. · Formation of $1.6 billion real estate fund; structuring investments by tax-exempt organizations (including "fractions rule" compliance); management fee waivers. · Inbound restructuring of major European bank's U.S. investment banking business. · Outbound acquisition of U.S. corporation by U.K. plc in connection with IPO on London Exchange. · Represented a European government in $50 million investment in hedge fund of funds. · Represented Ivy League university in dozens of investments in private equity funds. · $400 million joint venture between publicly traded REIT and non-REIT investment partner. · $200 million dollar acquisition of U.S. apartment buildings by Israeli company. · $1 billion securitization of equipment collateral trust. · Dozens of offshore CDO transactions, including credit default swap CDOs. Memberships American Bar Association New York State Bar Association Philadelphia Bar Association Events AVOIDING U.S. INVESTMENT TAX TRAPS-STRUCTURING REAL ESTATE AND OTHER FUND INVESTMENTS
[Event]
Global Tax Webinar
October 22, 2008
Daniel R. Blickman and Joseph T. Gulant Publications IRS DISCUSSES TAX DEPRECIATION FOR CONTINUING CARE RETIREMENT COMMUNITIES
[Alert]
Tax Update
December 2011 (No. 1)
Daniel R. Blickman and Stephen E. Luongo CONGRESSIONAL TAX DEBATE COMES TO A CLOSE - FOR NOW
[Alert]
Tax Update
December 2010
Joseph T. Gulant, Jennifer Lynn Bell, Daniel R. Blickman, Megan A. Christensen, Susan A. Cobb, Joseph M. Doloboff, et al. RENEWABLE ENERGY UPDATE: RECENT TREASURY GUIDANCE ON THE "BEGINNING OF CONSTRUCTION" FOR THE SECTION 1603 CASH GRANT PROGRAM
[Alert]
Energy Update
July 2010 (No. 6)
Daniel R. Blickman Cases and Deals RENEWABLE ENERGY PROJECT DEVELOPER SELLS SOLAR FARM
[Deal]
December 2011
Thomas P. Dwyer, Nicholas A. Giannasca, Michael Pollack and Daniel R. Blickman
A renewable energy project developer in the development and subsequent sale of its utility sized solar farm to the renewable energy development arm a large public utility. $2B PENSION FUND INVESTS $75M IN HEDGE FUND
[Deal]
October 2010
Daniel R. Blickman and Arthur Bachman
Pension fund invests $75 million in hedge fund. LADENBURG THALMANN & CO., INC. UNDERWRITES $18 MILLION IPO FOR FULL CIRCLE CAPITAL CORPORATION
[Deal]
September 8, 2010
Thomas R. Westle, Brad L. Shiffman, Mary K. Stokes, Daniel R. Blickman and Ethan M. Seer
Blank Rome represented the underwriters, Ladenburg Thalmann & Co. Inc., as the sole book running manager for Full Circle Capital Corporation's initial public offering of 2,000,000 shares for gross proceeds of $18 million. COWEN AND COMPANY AS PLACEMENT AGENT TO MEDPRO SAFETY PRODUCTS
[Deal]
September 2, 2010
Kenneth L. Bressler, Scott R. Smith, Kathleen A. Cunningham, Joseph T. Gulant, F. Humera Ahmed, Brad L. Shiffman, et al.
Blank Rome represented Cowen and Company, LLC in its role as financial advisor to MedPro Safety Products, Inc. for the issuance of $25 million of notes in a private placement with institutional investors. PLATINUM PARTNERS VALUE ARBITRAGE FUND STRATEGICALLY INVESTS IN BLACK ELK ENERGY OFFSHORE OPERATIONS
[Deal]
August 2010
Daniel R. Blickman and Eliezer M. Helfgott
Platinum Partners Value Arbitrage Fund in connection with the restructuring of its strategic investment in Black Elk Energy Offshore Operations. LINCOLN NATIONAL CORPORATION IN TWO OFFERINGS FOR $1.14B
[Deal]
June 29, 2010
Melissa Palat Murawsky, Alan H. Lieblich, Timothy A. French, Francis E. Dehel, Daniel R. Blickman, Cory G. Jacobs, et al.
Lincoln National Corporation in two offerings worth $1.14 billion. BLANK ROME INVOLVED IN SALE OF INTEREST OF FAMOUS NEW YORK CITY OFFICE BUILDING
[Deal]
January 13, 2010
Martin Luskin, Samantha Wallack, Daniel J. Ivler, Michael C. Graziano, Erin O'Brien Harkiewicz, Joseph T. Gulant, et al.
Blank Rome Involved in Sale of Interest of Famous New York City Office Building GSI COMMERCE IN REGISTERED PUBLIC UNDERWRITTEN OFFERING FOR $232 MILLION
[Deal]
August 18, 2009
Francis E. Dehel, Melissa Palat Murawsky, Alan H. Lieblich, Yelena M. Barychev, Daniel R. Blickman and Christin R. Cerullo
GSI Commerce in a registered public underwritten offering of $232 million of common stock. COMMERCIAL FINANCE FUND FORMATION
[Deal]
March 2009
Michael J. Medveckus, Daniel R. Blickman and Mary K. Stokes
Formation of a New York-based commercial finance opportunity fund for an undisclosed amount. EDISONLEARNING, INC. ACQUIRES PROVOST SYSTEMS, INC.
[Deal]
June 18, 2008
Richard J. McMahon, Daniel R. Blickman, David M. Perry, Linsey B. Bozzelli and Lisa Casey Spaniel
EdisonLearning, Inc., acquires Provost Systems, Inc., for undisclosed terms. GOLDMAN SACHS AND L&M DEVELOPMENT PARTNERS FORM $100 MILLION URBAN OPPORTUNITY FUND
[Deal]
May 6, 2008
Pamela E. Flaherty, Daniel R. Blickman and Pelayo Coll
L&M Development Partners Inc. in negotiations with the Goldman Sachs Urban Investment Group to form a $100 Million urban opportunity fund serving the U.S. Northeast and California. MORGAN PROPERTIES AND AIG ACQUIRE APARTMENTS FROM KUSHNER COMPANIES
[Deal]
September 28, 2007
Pelayo Coll, Alan L. Zeiger, Lawrence Finkelstein, Daniel R. Blickman and Bruce A. Eisenberg
Morgan Properties in a joint venture with AIG Global Real Estate Investment Corp. in the acquisition of 86 individual apartment communities from Kushner Companies. CHRYSALIS CAPITAL PARTNERS SELLS CENTRAL LEWMAR TO INTERNATIONAL PAPER
[Deal]
August 28, 2007
Lawrence F. Flick II, Richard DiStefano, Jeffrey N. Siegel, Margaret Anne Hill and Daniel R. Blickman
Chrysalis Capital Partners, Inc., in the sale of Central Lewmar for approximately $185 million. |