Joe Sulzbach is a partner in the Transactions Department, focusing on mergers and acquisitions and private equity. Joe has represented numerous public and private entities in a variety of transactions, including domestic and cross-border merger and acquisition transactions, private equity transactions, joint ventures, and corporate governance matters. He has advised a broad range of clients across industries, including technology, media, and telecom (TMT), industrial, chemicals, consumer goods and retail, energy, healthcare and pharmaceuticals, and real estate.

Joe has also represented a number of companies in engagements with activist stockholders, including in responding to Starboard Value, Carl Icahn, Elliott Management, JANA Partners, Farallon Capital Management, and VIEX Capital.

In addition, Joe has represented investment banking firms and financial advisors in a variety of significant transactions, including representation of Qatalyst Partners, Evercore Partners, Greenhill, Ducera Securities, and Solomon Partners.

Select examples of Joe’s experience include the following representations:

• Infineon Technologies AG in its $2.5 billion acquisition of Marvell Technology’s automotive ethernet business.
• SoftBank Group Corp. in its proposed up to $40 billion investment in OpenAI, America’s premier artificial intelligence (AI) company and developer of the transformational large language models that are driving the AI revolution.
• Infineon Technologies AG in the sale of its Austin, TX foundry to SkyWater Technology.
• NorthStar Healthcare Income, Inc. in its $900 million sale to an affiliate of Welltower Inc.
• Cartica Acquisition Corp in its $2.75 billion business combination with Nidar Infrastructure Limited, India’s leading data center provider for artificial intelligence and high-performance compute services.
• Centuri Holdings and parent company Southwest Gas Holdings in Centuri’s $353 million IPO and concurrent private placement.

• U.S. Silica Holdings, Inc. in its $1.85 billion sale to entities affiliated with Apollo Global Management.

• The rock band KISS and its co-founders Gene Simmons and Paul Stanley in the sale of substantially all rights related to KISS to Pophouse Entertainment.

• Sekisui House, Ltd. in its $4.9 billion acquisition of M.D.C. Holdings, Inc.
• Astellas Pharma Inc. in its $175 million acquisition of Propella Therapeutics, Inc.

• Southwest Gas Holdings, Inc. in its adoption of a Tax-Free Spin Protection Plan.
• Kyowa Kirin Co., Ltd. in its up to $477 million acquisition of Orchard Therapeutics plc, including CVR payment.
• Sugar Foods Corporation in its sale to Pritzker Private Capital.

• The News Lens Co., Ltd. in its $275 million business combination with Blue Ocean Acquisition Corporation.

• Upland Software, Inc. in its adoption of a Tax Benefit Preservation Plan.

• The Board of Directors and Special Committee of Toshiba in the $15.2 billion takeover of Toshiba by a consortium led by Japan Industrial Partners.
• Infineon Technologies AG in the sale of its HiRel DC-DC converter business to Micross Components, Inc.

• AgroFresh Solutions, Inc. in its $545 million going-private acquisition by Paine Schwartz Partners.
• Unity Software Inc. in multiple transactions, including its all-stock $4.4 billion acquisition of ironSource and Unity’s concurrent $1 billion PIPE investment by Silver Lake and Sequoia, and in response to the related $13.6 billion unsolicited acquisition proposal from AppLovin Corporation.
• Southwest Gas Holdings, Inc. in its defense against a hostile tender offer and proxy contest for board control by Carl Icahn, including adoption of a shareholder rights plan, and negotiated resolution.
• Marrone Bio Innovations in its $244 million acquisition by Bioceres Crop Solutions Corp. in a stock-for-stock merger.
• Paine Schwartz Partners, a global leader in sustainable food chain investing, in its new platform investment in Registrar Corp., a leading provider of supply chain compliance software and services to domestic and foreign food and beverage, medical device, pharmaceutical, and cosmetic customers.
• Silver Crest Acquisition Corporation in its $1.7 billion business combination with TH International Limited (Tims China), a master franchisee and operator of Tim Hortons coffee shops in China.
• Sky Harbour LLC in its $777 million business combination with Yellowstone Acquisition Company.
• SoftBank Group Corp., as the largest investor in WeWork, in WeWork’s $9 billion business combination with BowX Acquisition Corp.
• Leading provider of patient access and engagement platform in its sale to a publicly listed company.
• ON Semiconductor Corporation in its adoption of a shareholder rights plan.
• Whitestone REIT in its adoption of a shareholder rights plan.
• Exantas Capital Corp. in the acquisition of its external management contract by ACRES Capital Corp. from C-III Capital Partners LLC, and $375 million financing from MassMutual and Oaktree Capital Management.
• NTT Communications Corporation and Secure-24 in the acquisition of SymSoft Holding Inc. and Symmetry Holding Inc. from Symmetry Holdings, LLC, a portfolio company of Great Hill Equity Partners.
• Kirin Holdings Company, Limited in its acquisition of approximately 40% of the capital stock of Thorne Holding Corp.
• Rao’s Specialty Foods, Inc. in its sale to Sovos Brands, an affiliate of funds managed by Advent International.
• JERA in its sale of a minority interest in Cricket Valley Energy Center to Development Bank of Japan.
• JERA in the acquisition of a 43% stake in Cricket Valley Energy Center, the developer of a 1,000 MW natural gas-fired power plant located in Dover, New York.
• Renesas Electronics in its $3.2 billion acquisition of Intersil Corporation.
• DaVita HealthCare Partners in its acquisition of Renal Ventures Limited.
• Inovalon Holdings, Inc. in its acquisition of Creehan Holding Co., Inc.
• Inovalon Holdings, Inc. in its acquisition of Avalere Health, Inc.
• GLP Pte. Ltd. in the acquisition of a $4.55 billion U.S. logistics portfolio from Industrial Income Trust.
• JLB Group, LLC in its acquisition of Sneakz, LLC.
• Futamura Chemical Co., Ltd. in its acquisition of the cellulose business of Innovia Films.
• Kirin Holdings Company, Limited in its acquisition of approximately 24.5% of the capital stock of The Brooklyn Brewery Corporation.