Adam B. Rachlis

Counsel
New York | Century City
  • 1271 Avenue of the Americas
  • New York, NY 10020
  • USA
Profile Experience

Adam Rachlis advises public and private companies, private equity sponsors, and investment banks on M&A and other strategic corporate transactions.

Mr. Rachlis helps clients navigate a full spectrum of strategic transactions and related matters, including:

  • Domestic and cross-border M&A
  • Leveraged buyouts (LBOs) and take-private transactions
  • Special purpose acquisition company (SPAC) transactions
  • Control and minority investments
  • Joint ventures
  • Corporate governance
  • Securities law matters

Mr. Rachlis advances the strategic needs of clients by drawing on both his legal experience and years as an investment banker at Goldman Sachs, where he was Vice President in the Consumer & Retail coverage group. His experience advising strategic and sponsor clients in a variety of buyside and sellside transactions, including conducting valuation analysis and financial due diligence, gives him a deep understanding of his clients’ business objectives. While at Goldman, Mr. Rachlis advised clients on many high-profile transactions, including:

  • Tiffany & Co. in its US$15.8 billion sale to LVMH
  • Edgewell in its attempted acquisition of Harry’s shaving company
  • AEA Investors in its sale of ProMach to Leonard Green
  • TDR Capital in its sale of International Car Wash Group to Roark Capital
  • Brookwood in its acquisition of Allsup’s Convenience Stores
  • Bombardier, Dollar General, Foundation Building Materials, Lennar, USIC, Vertiv, Yesway, YETI, and Xponential Fitness in various financings

Mr. Rachlis’ representative legal matters include:

Technology, Media & Telecom
  • PLBY Group, a leading lifestyle and consumer brand company, in its acquisition of Honey Birdette
  • Brentwood Associates, a consumer-focused private equity firm, in its investment in a beauty brand
  • Marlin Equity in its sale of a majority stake in Bazaarvoice to Thomas H. Lee Partners
  • AT&T in its US$49 billion acquisition of DirecTV*
  • IntercontinentalExchange (ICE) in its US$8.2 billion acquisition of NYSE Euronext*
Healthcare and Biotech
  • The Oncology Institute in its combination with DFP Healthcare Acquisitions
  • Ipsen in its strategic investment in Inspiration Biopharmaceuticals and concurrent sale of intellectual property to Baxter International and Cangene Corporation*
Industrials and Energy
  • United Rentals in its US$4.2 billion acquisition of RSC Holdings*
  • Wells Fargo in its acquisition of BNP Paribas’ North American energy lending business for US$9.5 billion*
  • Frontier Airlines in its chapter 11 reorganization and 363 sale to Republic Airways*
Financial Advisory Representations

Mr. Rachlis regularly advises investment banks in their capacity as financial advisor to the buyer or seller in M&A transactions. He has represented Goldman Sachs, Morgan Stanley, Evercore, Moelis, Bank of America, Wells Fargo, Stifel/KBW, Canaccord Genuity, JMP Securities, and other investment banks in connection with the following transactions:

  • Sonder’s pending US$2.2 billion combination with Gores Metropoulos II
  • Tango Therapeutics’ combination with BCTG Acquisition
  • FinTech Acquisition’s combination with eToro Group
  • Bank of Marin Bancorp’s acquisition of American River Bankshares
  • KKR & Co.’s US$2.6 billion acquisition of KKR Financial Holdings in a stock-for-stock merger*
  • Hill-Rom’s US$2.1 billion acquisition of Welch Allyn*
  • Calpine Corporation’s US$1.6 billion sale of power plants to LS Power*
  • Chiquita Brands’ attempted US$1.1 billion merger with Fyffes plc*
  • NRG Yield’s US$870 million acquisition of Alta Wind Energy*
  • HealthSouth Corporation’s US$730 million acquisition of Reliant Hospital Partners*
  • KPS Capital Partners’ US$400 million acquisition of Electrical Components International*
  • Consolidated Communications’ US$350 million acquisition of Enventis Corporation*
  • Leaf Group’s US$323 million sale to Graham Holdings
  • Accenture’s US$320 million acquisition of Acquity Group Capital Markets Transactions*
  • NuPathe’s US$150 million sale to Teva Pharmaceuticals*
  • E.W. Scripps’ merger with Journal Communications and simultaneous spin-off of newspaper businesses*
Capital Markets

Mr. Rachlis has represented issuers and investment banks in a variety of equity and debt offerings, including:

  • IPOs for Michael Kors, Envestnet, DigitalGlobe, and Tower Automotive*
  • Equity offerings for Warner Chilcott and Cloud Peak*
  • Tender offers for Marsh & McLennan and Honeywell*
  • High-yield debt offerings for Tower Automotive, DigitalGlobe, and Harbinger Group*
  • Investment-grade debt offerings for Honeywell, CIGNA, CSX Corp, Allergan, Campbell Soup, Western Union, and Devon Energy*

*Matter handled prior to joining Latham

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