News & Announcements

Michael Aiello Named Dealmaker of the Week

Michael Aiello, Chairman of Weil’s Corporate Department and a member of the Firm’s Management Committee, has been selected as “Dealmaker of the Week” by The Am Law Daily for his role advising Iron Mountain Inc. in its agreement to acquire fellow industry player Recall Holdings Ltd. in a transaction with a total value of approximately $2.1 billion.

A significant component of this transaction involved negotiating between companies based in the United States and Australia. According to Mr. Aiello, “[a]nytime you do a cross-border transaction . . . there are two different statutory regimes,” commenting on the disparate securities laws between the nations. As a result, Iron Mountain will plan for an additional listing on the Australian Securities Exchange in order to accommodate its Australian-based Recall shareholders.

Weil’s relationship with Iron Mountain, which dates back to 2008, was initiated by Mr. Aiello in what he assumed would be an informal “meet and greet” arranged by the Firm’s information management vendor. However, Mr. Aiello recalled that an “engaging conversation” ensued between him and both an in-house counsel and company board member that became the foundation for what has now become a very successful client relationship. Following this initial sit-down with Iron Mountain, and a phone call from its general counsel explaining that the meet and greet was arranged in order to seek out the right representation, Iron Mountain selected Weil to represent the company on a situation involving activist investor Elliot Management Corporation. Weil has advised Iron Mountain on a number of matters since.

In addition to this recognition, Mr. Aiello was named one of The American Lawyer’s 2015 Dealmakers of the Year and a Dealmaker of the Week by The Am Law Daily last August for his role advising Kinder Morgan Inc. in its acquisition of all the outstanding equity securities of Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners — a transaction with a total value of approximately $70 billion. To read the full announcement on this transaction, click here.

To read the complete article on Mr. Aiello’s recent “Dealmaker of the Week” recognition, click here (may require subscription).

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