Raymond O. Gietz

Biography

Raymond O. Gietz
Raymond Gietz, a partner of Weil since 1989, is a member of the Firm’s Mergers & Acquisitions practice. He represents buyers, sellers, boards of directors, committees of independent directors and financial advisors in connection with complex mergers and acquisitions transactions, including public and private companies, LBOs, asset sales and joint ventures. He regularly advises boards of directors and committees on defense, corporate governance and other matters. Mr. Gietz also has been involved in numerous proxy fights and other contests for corporate control.

Mr. Gietz’s representation involves a range of industries, including healthcare, financial services and steel.

Recent M&A transactions include advising:

  • AK Steel Corporation in its $700 million acquisition of integrated steelmaking assets in Dearborn, Michigan from Severstal North America; in its $360 million acquisition of Precision Partners Holding Company; and in its $298 million joint venture with Magnetation
  • AMC Entertainment Holdings, Inc. in its $600 million issuance of senior unsecured convertible notes to Silver Lake to finance AMC's repurchase of a portion of its stock held by Dalian Wanda Group Co., AMC's majority owner, and to pay a special dividend
  • A major financial institution, as financial advisor to Gentiva Health Services, Inc., in Gentiva's $1.8 billion sale to Kindred Healthcare, Inc.
  • Centennial Resource Development, Inc. (f/k/a Silver Run Acquisition Corp., a SPAC) in its $1.7 billion acquisition of a controlling stake in Centennial Resource Production, LLC and in its subsequent $855 million acquisition of all of the leasehold interests and related upstream assets in Reeves County, Texas from Silverback Exploration, LLC and Silverback Operating, LLC
  • Citadel Broadcasting in its $2.4 billion cash-and-stock sale to Cumulus Media
  • Costa Inc. in its $270 million sale to Essilor International SA
  • Elementis Global LLC in its $360 million acquisition of SummitReheis (f/k/a Summit Research Labs) and in its acquisition of Hi-Mar Specialty Chemicals, LLC
  • Eli Lilly and Company in its $8 billion acquisition of Loxo Oncology, Inc.; in its $5.4 billion acquisition of the animal health business of Novartis AG; in its $960 million acquisition of CoLucid Pharmaceuticals, Inc.; in its $800 million acquisition of Avid Radiopharmaceuticals, Inc.; in its acquisitions of the North American rights to the oncology product Erbitux®, Locemia Solutions ULC, Glycostasis, Lohmann Animal Health, ChemGen, Agri Stats, and Alzheimer’s imaging agents from Siemens Medical Solutions; in its $410 million sale of veterinary assets to Virbac SA; in its strategic review of Elanco, its animal health division, concluding with the $1.7 billion initial public offering of a minority stake in Elanco and its $8.2 billion exchange of its approximately 82% remaining interest in Elanco for Lilly common shares held by its shareholders; and in its global licensing and research collaboration with, and equity investment in, Dicerna Pharmaceuticals, Inc.
  • Equiniti Group plc in its $227 million acquisition of Wells Fargo Shareowner Services
  • Australian biopharmaceutical company Fibrotech Therapeutics Pty Ltd. in its sale to Shire plc
  • Franklin Templeton Investments in its acquisitions of the investment advisor team from AlphaParity LLC, K2 Advisors, Darby Holdings and Fiduciary Trust
  • GE Aviation Systems in its $300 million acquisition of Airfoil Technologies International Singapore Pte. Ltd. and in its acquisition of Naverus, Inc.
  • GECC in the sale of its North American tank car rail assets and railcar repair business to Marmon Holdings, Inc.; in the sale of its remaining North American railcar leasing business to Wells Fargo & Co.; in its $300 million investment in and restructuring of the EBX Group; and in the sale of its Mexican consumer mortgage loan business to Santander Bank
  • General Motors in its $48.7 billion sale to a United States Government-sponsored entity
  • Genesis Lease Limited in its $1.75 billion sale to AerCap Holdings
  • Genworth Financial, Inc. as corporate counsel in its $2.7 billion sale to China Oceanwide Holdings Group Company Ltd.
  • H&R Block, Inc. in its $405 million acquisition of Wave Financial Inc.
  • Harbinger in its approximately $1.8 billion take-private acquisition of Sky Terra
  • Irving Place Capital Management and Agiliti Holdco, Inc. (f/k/a Universal Hospital Services, Inc.) in Agliti’s combination with Federal Street Acquisition Corp. (FSAC), a SPAC sponsored by Thomas H. Lee Partners, in a new holding company formed by FSAC named Agiliti Health, Inc., having an implied enterprise value of approximately $1.74 billion
  • Lehman Brothers in its $13.5 billion acquisition and subsequent sale of its entire stake in Archstone Enterprise LP to Equity Residential and AvalonBay Communities
  • Magellan Health, Inc. in its $400 million acquisition of Senior Whole Health, LLC; in its $205 million acquisition of CDMI, LLC; in its $118 million-plus-earn-out acquisition of Armed Forces Services Corporation; in its $100 million acquisition of Partners Rx Management, LLC; and in its acquisitions of Veridicus Holdings, LLC, The Management Group, LLC and 4D Pharmacy Management Systems, Inc.
  • QLT Inc. (n/k/a Novelion Therapeutics Inc.) in its acquisition of Aegerion Pharmaceuticals, Inc. and in its minority investment in Aralez Pharmaceuticals Plc
  • Ripple Brand Collective, LLC in its sale to The Hershey Company
  • Safran in its $1.2 billion acquisition of a majority stake in L-1 Identity Solutions, Inc.
  • SoftBank Group Corp. (SBG) in its agreement to provide $6.5 billion in debt and equity financing to WeWork, to make a $3 billion tender offer to holders of WeWork shares, other than SBG and its affiliates, and in connection with revisions to the WeWork governance structure

Mr. Gietz has been recognized in Chambers USA, Legal 500 US, IFLR1000 and New York Super Lawyers and has been featured as a “Dealmaker” by The American Lawyer. He was also recognized for client service excellence by BTI Consulting Group in its 2012 BTI Client Service All-Stars survey.

Mr. Gietz received his B.A. from Columbia College, where he was elected to Phi Beta Kappa, and his J.D. from the Columbia University School of Law, where he was a Harlan Fisk Stone Scholar.

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