Mr. Wales has the distinctive experience of serving as a senior official in both U.S. antitrust agencies. Most recently, he served as acting director of the Bureau of Competition (2008-09) during a three-year tenure at the Federal Trade Commission, where he oversaw all of the agency’s antitrust enforcement activity, including in the health care, pharmaceutical, oil and gas, technology, chemical, defense, retail and consumer product industries. He also served as counsel to the assistant attorney general in the Department of Justice’s Antitrust Division (2001-03), where he was part of the small front-office team managing all of the agency’s merger and conduct matters. Mr. Wales also is co-chair of the Antitrust Council at the U.S. Chamber of Commerce.
Mr. Wales’ numerous antitrust representations for clients in M&A transactions include:
CommScope in its $7.4 billion acquisition of ARRIS International plc;
- Microsoft in its $19.7 billion acquisition of Nuance Communications;
- Sabre Corporation in the Justice Department’s challenge of its proposed acquisition of FareLogix;
- one of the world’s largest technology companies subject to the FTC’s 6(b) investigation of nonreportable deals over the past decade;
- Performance Food Group in its successful $2.5 billion acquisition of Core-Mark and $2 billion acquisition of Reinhart Foodservice;
- Nasdaq in the sale of its U.S. fixed income business to Tradeweb Markets;
- Wesco Aircraft in its $1.9 billion merger with Platinum Equity affiliate Pattonair;
- Dassault Systèmes in its $5.8 billion acquisition of Medidata Solutions, Inc.;
- The Carlyle Group and Stellex Capital Management in their acquisition of IMIA Group Holdings;
- Roper Technologies in the $365 million acquisition of EPSi from Allscripts by its affiliate Strata Decision Technology;
- StandardAero’s $230 million acquisition of Global Engine Services business from Signature Aviation;
- Net Health in its acquisition of Casamba;
- Wells Fargo in connection with the pending carve-out sale of its Institutional Retirement & Trust business to Principal Financial Group;
The Scotts Miracle-Gro Company in connection with subsidiary Hawthorne Gardening’s $450 million purchase of Sunlight Supply; and
TravelCenters of America’s $330 million sale of its Minit Mart convenience store business to EG Group.
Mr. Wales’ experience prior to joining Skadden includes advising:
Newell Brands' $15 billion acquisition of Jarden;
P&G’s sale of its beauty and cosmetics business to Coty for $12.5 billion;
Parker-Hannifin’s $4.5 billion acquisition of CLARCOR; and
ABB’s $3.9 billion acquisition of Thomas & Betts.
In addition to transactional matters, Mr. Wales represents clients in antitrust litigation, cartels and other types of government investigations, including for one of the world’s largest technology companies, Boeing, John Deere, Cardinal Health and others.
Mr. Wales regularly speaks and writes on antitrust issues and has held various leadership positions in the American Bar Association’s Antitrust Section. Recognized as a leading antitrust practitioner, he is consistently ranked in Chambers USA: America’s Leading Lawyers for Business, Chambers Global: The World’s Leading Lawyers for Business, Legal 500, The Best Lawyers in America, The International Who’s Who of Competition Lawyers & Economists and Best Lawyers.
Mr. Wales also is a member of the Syracuse University College of Law Board of Advisors.