Jones Day Ranks #1 In M&A For 52 Quarters In A Row

Friday, October 18, 2013 - 15:54

Jones Day ranked #1 globally in M&A league tables for the first nine months of 2013, maintaining a position it has held for 52 consecutive quarters.

Jones Day led all law firms for number of announced deals and completed deals worldwide in Q3 2013 M&A rankings released by Thomson Reuters. The firm received credit from Thomson for 275 announced deals and 255 completed deals.

In the Bloomberg league tables, which are based on announced transactions, Jones Day ranked #1 for number of worldwide deals, for volume of cross-border deals, and for number of deals involving European companies, including companies in France. Bloomberg published 18 rankings based on deal count. The firm ranked #1 in seven of these and in the top 10 in 13 of the 18 total.

The firm has maintained the #1 worldwide ranking for number of deals in both the Thomson and Bloomberg tables every quarter since year-end 2000.

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Three leading practitioners of real estate finance and federal and state tax credit law have joined the Boston office of global law firm Jones Day as partners. Douglas R. Banghart, Jeffrey D. Gaulin, and John D. Kelley were previously partners in Holland & Knight LLP's Boston office. Associates Patrick J. Cronin, Sameer Patel, and Brian D. Hern accompanied them, with Mr. Patel working in Jones Day's Chicago office.

Mr. Banghart practices in the area of state and federal tax credit syndication, partnership taxation, and nonprofit organizations. He has represented major institutional investors, developers, local governments, community development entities (CDEs), and nonprofit organizations, primarily in real estate redevelopment projects. Mr. Banghart has extensive experience in closing new markets tax credit leverage fund transactions, including acting as lead attorney on the largest single qualified equity investment ever closed, and combining historic and new markets tax credits in single transactions.

Mr. Gaulin focuses on structuring transactions involving historic rehabilitation tax credits, new markets tax credits, and state tax credits. He represents major institutional investors, developers, community development entities (CDEs), and nonprofit organizations in projects that utilize a combination of various tax credits and other financing sources including mixed-use real estate developments, hotels, commercial real estate projects, and renewable energy facilities. Mr. Gaulin has significant experience in partnership and corporate tax law, and was previously a member of the Tax Advisory Group at Ernst & Young, LLP, focusing on corporate and partnership taxation. 

Mr. Kelley concentrates on tax and business transactions with an emphasis on real estate syndication, partnership law, and equity financing of partnerships, limited liability companies, and corporations. He has significant experience in representing institutional investors, syndicators, and developers in tax credit and incentive transactions, including federal and state low-income housing tax credits, federal new markets tax credits, and federal energy tax credits investments. Mr. Kelley also has experience representing major banks and other financial institutions in real estate financing transactions, including acquisition, construction, and permanent financing of multi-family projects throughout the United States. 

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Heidi Wendel, a former Assistant U.S. Attorney in the U.S. Attorney's Office for the Southern District of New York (SDNY), has joined the firm's New York office as a partner in the Health Care and Life Sciences practices. 

Ms. Wendel served as Chief of the Civil Frauds Unit from September 2010 through September 2013. The unit was established in March 2010 as the counterpart to the Complex Frauds Unit in the Criminal Division, to investigate and prosecute large scale and sophisticated fraud in the health care, mortgage, pharmaceutical, and banking industries, among others. As chief of the unit, Ms. Wendel has overseen all of the office's civil frauds and other affirmative civil enforcement cases outside the areas of environmental and tax law. Since March 2010, under Ms. Wendel's leadership, the unit filed more than two dozen lawsuits and recovered nearly $700 million in financial fraud, health care fraud, and grant fraud cases. 

Prior to her service as Chief of the Civil Frauds Unit, Ms. Wendel was director of the Medicaid Fraud Control Unit at the New York State Attorney General's office. In that post, Ms. Wendel supervised a staff of 335 and oversaw hundreds of cases investigating and prosecuting Medicaid fraud, both criminal and civil, by health care providers across the state. The job also included prosecuting cases of criminal abuse and neglect of patients in nursing homes and other facilities. Under her watch, the unit won accolades from the federal government, which named it the best Medicaid fraud control unit in the U.S. in 2008. She served as an AUSA in the SDNY from 1997 through 2000, and from 2003 to 2007. During the period 2005 through 2007, she was the Health Care Fraud Coordinator for the SDNY, Civil Division.