Jay Cosel advises clients on a broad range of corporate, partnership and international tax matters. In his practice, Mr. Cosel structures and provides tax advice on business transactions and assists clients with international tax planning strategies.
He has extensive experience in international tax issues, including subpart F, foreign tax credits, cross-border restructuring and investments by foreign investors in the United States.
Mr. Cosel has advised:
- Citigroup Inc. in the sale of its consumer banking business in Argentina to Banco Santander Rio S.A.; sale of its institutional prepaid card services to Wirecard AG; $220 million sale of its consumer banking business in Brazil to Itaú Unibanco Holding S.A.; and $685 million sale of its fixed income analytics and index businesses to London Stock Exchange Group plc;
- Oneok, Inc. in its $9.3 billion acquisition of the remaining stake in Oneok Partners, L.P. that it did not already own;
- Five Point Capital Partners LLC in its formation of a joint venture with Matador Resources Company to own, operate and expand natural gas, crude oil and produced water midstream assets in the Delaware Basin;
- Baxter International Inc. in connection with Baxalta Inc.’s $32 billion combination with Shire plc;
- Pittsburgh Corning Corporation in its $560 million acquisition by Owens Corning;
- a company backed by Permira Funds in its $1.5 billion sale of Intelligrated Inc. to Honeywell International Inc.;
- Permira Funds in its $336 million acquisition of a majority stake in John Masters Organics, Inc.;
- funds advised by Apax Partners LLP in the acquisition of ECi Software Solutions, Inc.; and
- Deutsche Bank AG in its sale of Deutsche Bank S.A. to Banco Comafi S.A.; and the sale of its Mexican banking and securities units to Investa Bank, S.A., Institución de Banca Múltiple.