Biography
Grant Solomon is an associate in Weil’s Tax Department and is based in Washington, D.C. Grant participates in the representation of Firm clients with respect to the tax aspects of a wide range of corporate transactions, including domestic and cross-border mergers and acquisitions, joint ventures and financing transactions.
Grant has been part of the teams advising:
- A major financial institution, as administrative agent, in a $1 billion senior secured term and revolving facility for Krispy Kreme Doughnuts Inc., to refinance existing indebtedness
- Advent International in the investment in LBS Group
- Blue Bird Corporation (a portfolio company of American Securities, LLC) in a $250 million senior secured term and revolving facility
- Blue Bird Corporation and an affiliate of American Securities, LLC, as selling stockholder, in a $52.5 million secondary offering of 2,500,000 shares of common stock and, in a $63 million secondary offering of 2,500,000 shares of common stock, and in a $133 million secondary offering of 4,042,650 shares of common stock
- Churchill Capital VII in its pending $1.58 billion business combination with CorpAcq Holdings Limited
- Citi, as administrative agent, in $800 million unsecured revolving and term facilities for Masimo Corporation to finance its acquisition of Sound United LLC
- Clairence Technologies, Inc. (a portfolio company of Genstar Capital) in its acquisition of Pressure Systems International, LLC and the assets of Truck System Technologies, Inc.
- Covetrus, Inc. in its $4 billion sale to CD&R, a holder of approximately 24% of Covetrus' outstanding common stock, and TPG
- The Estée Lauder Companies Inc. in its $650 million offering of investment grade senior unsecured notes
- First Light Acquisition Group in its merger with with Calidi Biotherapeutics, Inc.
- An affiliate of Goldman Sachs Asset Management, as administrative and collateral agent, in $820 second lien term facilities to finance in part Brookfield Asset Management's $8.3 billion acquisition of CDK Global, Inc.
- The Home Depot in its pending $18.25 billion acquisition of SRS Distribution Inc.
- JPMorgan Chase, as lead arranger and administrative agent, in a $400 million senior secured revolving facility for Etsy Inc.
- Kenect, LLC (a portfolio company of PSG) its acquisition of Friendemic Inc.
- The Kroger Company in its pending $24.6 billion merger with Albertsons Companies, Inc.
- The Kroger Company, along with The Albertsons Companies, Inc., in the approximately $1.9 billion sale of 413 stores, as well as select banners, distribution centers, offices and private label brands, to C&S Wholesale Grocers, LLC in connection with Kroger’s proposed merger with Albertsons Companies Inc.
- The Kroger Company in its pending sale of Kroger Specialty Pharmacy to CarelonRx Inc.
- Main Event Entertainment, Inc. (a subsidiary of Ardent Leisure Group Limited in which RedBird Capital is a minority investor) in its $835 million sale to Dave & Buster’s, Inc.
- MarketAxess Holdings Inc. in its acquisition of Pragma LLC
- Quest Diagnostics Inc. in its $300 million acquisition of Haystack Oncology
- Redbox Entertainment Inc. in its sale to Chicken Soup for the Soul Entertainment, Inc.
- Sanofi SA in its acquisition of Provention Bio Inc. for $2.9 billion in cash
- SoftBank Group Corp. and SoftBank Vision Fund II in transactions related to debt and equity investments in WeWork
Grant is recognized for Tax Law by Best Lawyers: Ones to Watch in America 2024.
Grant received his LL.M., with distinction, from Georgetown University Law Center, where he made the Dean’s List and was a recipient of the CALI Award for Tax Planning for Corporate Acquisitions Seminar. He received his J.D. from Georgetown University Law Center, where he served as Senior Executive Editor of the Georgetown Immigration Law Journal, and his B.A., cum laude, from Harvard University, where he was a recipient of the Susan Anthony Potter Prize and the Ned Weld Above and Beyond Award. He is fluent in Spanish and Portuguese.
Latest Thinking, Firm News & Announcements
Latest Thinking
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Here We Go – Excise Tax Proposed Regulations Largely “NSYNC” with Notice 2023-2
Blog Post — Tax Blog
— By
Devon Bodoh,
Graham Magill,
Blake Bitter and
Grant Solomon
— April 23, 2024
On April 9, 2024, the Treasury Department (the “Treasury”) and Internal Revenue Service (the “IRS”) issued two sets of proposed regulations (the “Proposed Regulations”) regarding the application of the section 4501 excise tax on repurchases of corporate stock (the “Excise Tax”) and the reporting and payment of such taxes. The Proposed Regulations generally follow the approach of Notice 2023-2 (the “Notice”), which was issued on Dec. 27, 2022, with some clarifications and modifications. For a further discussion of the Notice, see “Notice 2023-2: Proposed Guidance on the Stock Buyback Excise Tax” posted on December 29, 2022. ...
- Corporate Tax 2024 — USA: Law & Practice Publication — Chambers Global Practice Guides — By Devon Bodoh, Greg Featherman, Joseph M. Pari, Alex P Dobyan and Grant Solomon — PDF — April 15, 2024
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Killer Bs Get Stung – IRS Issues Proposed Rules Aimed at Triangular Reorganizations and Inbound Non-recognition Transactions
Blog Post — Tax Blog
— By
Devon Bodoh,
Greg Featherman and
Grant Solomon
— October 16, 2023
On October 5, 2023, the Treasury Department and the Internal Revenue Service issued long awaited proposed regulations under Section 367(b) of the Internal Revenue Code providing guidance on the use of property to acquire parent stock or securities in connection with certain cross border triangular reorganizations, colloquially referred to as ‘Killer B’ transactions. ...
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IP Phone Home – IRS Issues New Proposed Rules on the Repatriation of Intangible Property
Blog Post — Tax Blog
— By
Devon Bodoh,
Greg Featherman,
Graham Magill and
Grant Solomon
— May 04, 2023
Section 367(d) of the Internal Revenue Code (the “Code”) provides rules for outbound transfers of intangible property (e.g., intellectual property) by a U.S. person (a “U.S. transferor”) to a foreign corporation. Under these rules, when a U.S. transferor transfers intangible property to a foreign corporation in an otherwise tax-free exchange under Sections[1] 351 or 361, the U.S. transferor is treated as having sold the intangible property in exchange for annual royalty payments (an “annual inclusion”) over the useful life of the intangible property (or a lump sum payment in the case of a disposition of the intangible property following the initial outbound transfer). The U.S. transferor treats the annual inclusion and lump sum as ordinary income and royalties for purposes of determining source and the foreign tax credit limitation category. Final regulations under Section 367(d) were published on December 16, 2016 (the “367 Regulations”). ...
- Corporate Tax 2023 — USA: Law & Practice and USA: Trends & Developments Publication — Chambers Global Practice Guides — By Devon Bodoh, Joseph M. Pari, Greg Featherman, Alex P Dobyan and Grant Solomon — PDF — April 14, 2023
Firm News & Announcements
- Weil Advises The Home Depot in its Pending $18.25B Acquisition of SRS Deal Brief — April 01, 2024
- Weil Advises Galvanize Climate Solutions in its Strategic Growth Investment in Ascend Analytics Deal Brief — March 29, 2024