Practice Areas
Thomas Ivey, head of Skadden's Palo Alto M&A/Corporate practice, represents clients in a broad range of corporate and securities law matters, advising public and private companies in complex transactions, including mergers and acquisitions, the issuance of equity and debt, joint ventures, exchange offers and restructurings. He is a frequent adviser to boards of directors on corporate governance and activist situations. He regularly represents underwriters, placement agents and financial advisors in technology-related transactions.
His recent matters include representing:
• Lucid Group, Inc. on its $1.05 billion capital raise consisting of (i) a $550 million private placement of Series C convertible preferred stock to an affiliate of the Public Investment Fund, Lucid’s majority stockholder; (ii) a $200 million private placement of common stock to Uber in connection with Lucid and Uber’s strategic partnership; and (iii) a $300 million registered offering of common stock;
• Western Digital on its equity-for-equity exchanges with several institutional investors, pursuant to which Western Digital received an aggregate of more than 1.86 million shares of its common stock in exchange for approximately $860 million worth of its shares of common stock of Sandisk Corporation;
• ServiceNow, Inc. on the issuance and sale of its $4 billion aggregate principal amount of senior notes, consisting of $750 million of 4.250% notes due 2028, $600 million of 4.700% notes due 2031, $650 million of 5.050% notes due 2033, $1.25 billion of 5.400% notes due 2036 and $750 million of 6.300% notes due 2056;
• Trimble, Inc. in multiple matters, including its acquisitions of almost 20 companies, including Transporeon for $2 billion, several dispositions, including its agriculture business for approximately $3 billion in value, and public offerings of common stock, convertible notes and investment-grade bonds;
• Western Digital Corporation in its separation of its HDD and flash businesses to create two independent, public companies;
• J.P. Morgan in connection with multiple capital markets transactions for Axon;
• ServiceNow, Inc. in its acquisitions of Moveworks for $2.9 billion and Lightstep and its $1.5 billion offering of senior notes;
• Lucid in several billion dollars of equity and debt transactions and the acquisition of certain assets from Nikola's bankruptcy sale;
• 8x8, Inc. in various matters including its acquisition of Fuze and its $400 million debt exchange offer;
• McClatchy Company in the $312 million sale of substantially all of its assets to its largest bondholder Chatham Asset Management;
• The special committee of the SolarCity board in the company's $2.6 billion sale to Tesla;
• Autodesk in multiple matters, including its $3.9 billion proposed acquisition of Altium; and
• Dozens of SPAC IPOs and de-SPAC transactions.
