In a capital markets environment characterized by rapid change and necessitating innovation, Mr. Noel is sought by U.S. and international issuers, investment banks and financial institutions to provide sophisticated guidance in the most complex transactions.
Annually, he is involved in numerous transactions totaling in the tens of billions of dollars. Clients from a broad range of industries, including health care, real estate, financial services and hospitality, call on him to handle their most important matters. He has extensive experience advising technology companies, including PayPal Holdings, Inc.; Freescale Semiconductor, Inc.; Ten-X, LLC; NVIDIA Corporation; Shopify Inc.; Yahoo! Inc.; Hulu, LLC; SurveyMonkey Inc.; SanDisk Corporation; and EMC Corporation.
He has been involved in numerous initial public offerings for U.S. and foreign issuers, including Arysta LifeScience Limited; Safety-Kleen Systems and Vencore Holding Corp. (each part of a dual-track process, which, in the case of Vencore, resulted in a merger via a Reverse Morris Trust); Affirm Holdings, Inc.; D.E Master Blenders 1753 B.V.; Houlihan Lokey Capital; Pinterest, Inc.; and Shopify Inc. He has an active practice representing special purpose
acquisition companies (SPACs), with his team advising on more than 300 SPAC IPOs since 2006. Among many other groundbreaking SPAC deals, Mr. Noel handled the $690 million IPO for Social Capital Hedosophia Holdings Corp., which was recognized as the top matter in the “Driving Value” category in the Financial Times’ 2017 Innovative Lawyers report, as well Social Capital’s subsequent IPOs.
He also regularly handles the financing aspects of strategic transactions such as mergers, acquisitions, joint ventures and spin-offs. Some of Mr. Noel’s representations include EMC Corporation in its $67 billion acquisition by Dell, Inc.; Hillshire Brands Company in its $8.6 billion unsolicited acquisition by Tyson Foods; Plum Creek Timber Company in its $8.4 billion acquisition by Weyerhaeuser Co.; and SanDisk Corporation in its $19 billion acquisition by Western Digital Corporation. He also has represented clients such as J.C. Penney Corporation, Inc.; Viking Cruises Ltd.; and CF Industries in notes offerings and other transactions.
As co-head of the firm’s real estate investment trusts (REIT) practice, Mr. Noel regularly represents REITs in connection with capital market transactions, including initial public offerings and general corporate matters. He handled one of the largest-ever REIT IPOs — a $1.6 billion offering by Douglas Emmett Inc. — and has represented numerous other REITs including Westfield Corporation and Colony Capital, Inc.
In 2020, the Daily Journal recognized Mr. Noel as one of the Top 100 Lawyers in California. On the strength of client and peer feedback, Mr. Noel repeatedly has been recognized in The Best Lawyers in America, which named him as a 2020 Lawyer of the Year in the area of Securities/Capital Markets. He was named to Lawdragon’s 2021 list of 500 Leading Dealmakers and is listed annually in Chambers Global and Chambers USA, where he is one of only seven attorneys listed in the publication’s prestigious Band 1 for Capital Markets: Debt & Equity in the national rankings for the Western United States. He also is annually recognized in The Legal 500 U.S., IFLR1000 and The International Who’s Who of Business Lawyers — Capital Markets, and has been named a BTI Client Service All-Star by The BTI Consulting Group.
He has served on the corporations committee and business court committee of the California State Bar and is tapped frequently to speak on securities law matters and other issues and developments of importance to his clients.
To view a list of Mr. Noel's representative transactions, please click here.