Elli Teitz is a partner in the firm’s New York office. She concentrates her practice on structuring and implementing business transactions, including taxable and tax-free mergers, acquisitions and divestitures, business start-ups, joint ventures, and equity and debt financings, with a particular focus on strategic tax planning.
Elli represents large, mid-size and small companies and individuals in structuring, negotiating, documenting and implementing all manner of transactions and equity and debt financings.
Elli’s practice also focuses on venture capital and private equity, including advising sponsors, funds and portfolio companies from the formation stage through exit, and providing a broad array of tax services, including representing clients in tax controversies, utilizing partnerships and other tax-through entities in transactions and investments, and advising tax-exempt entities.
Represented the private equity purchaser in the acquisition of the worldwide assets of a major manufacturer of medical devices, including structuring an offshore network of subsidiaries for simultaneous purchase of assets in several European and Asian jurisdictions.
Represented the private equity sellers in the sale of stock of the U.S. holding company of a multinational manufacturer and distributor of orthopedic devices, including the design of related domestic and international management and employee incentive programs.
Represented the purchaser in the acquisition via reverse subsidiary merger of the stock of a major provider of insurance recovery services in a public-to-private transaction, and the subsequent refinancing of the acquisition debt and design of related qualified dividend and management incentive programs.
Representing a major real estate development corporation in periodic joint ventures with domestic and international partners for the acquisition and development of commercial and mixed-use projects.
Represented a major financial institution in the formation of a joint venture retirement benefits services business with another major financial institution, including structuring the tax-free acquisition of existing businesses by the new joint venture.
Represented a foreign-owned U.S. telecom company in connection with the acquisition, ownership and development of a U.S. fiber optic cable network.
Represented individuals in connection with structuring and forming local, national and international new businesses in fields including environmental testing services, investment advisory services, and data and voice communication infrastructure services.
Represented the sponsors in the formation, documentation and negotiation with investors of several assorted-stage venture capital funds ranging from $65 million to $400 million, and ongoing representation of the funds.
Represented several major institutional investors in negotiating the terms of $5 million to $100 million investments in early- and mid-stage venture capital funds.
Tax Controversy and Tax-Exempt
Negotiated settlements of substantial deficiency claims with Internal Revenue Service (IRS) field agents and appeals officers in matters ranging from accumulated earnings tax to eligibility for tax credits.
Represented a major national not-for-profit youth organization in its transactional and cause-related marketing endeavors, as well as ongoing tax advice, including negotiating a favorable ruling with the IRS relating to unrelated business income.