Alex Lynch

Alex has extensive experience in equity capital markets transactions, including initial public offerings, follow-on offerings, acquisition related financings, strategic investments and private placements. He also advises boards of public and private companies on general corporate and public company reporting matters and Sarbanes-Oxley and corporate governance issues.

Alex has advised issuers and underwriters on over 150 public equity and debt offerings. Over the past few years, he has focused on IPOs and equity offerings for private equity backed portfolio companies and private equity sponsors, as counsel to issuers, underwriters and selling stockholders.

Experience

Initial Public Offerings

• AMC Entertainment Inc. (a subsidiary of Dalian Wanda Group Co.) in its $379 million initial public offering.
• Black Knight, Inc. in its $507 million initial public offering and in over $1 billion secondary offerings and block trades of common stock.
• Ceridian HCM Holding Inc. (a portfolio company of Thomas H. Lee Partners and Cannae Holdings) in its $531 million initial public offering and concurrent $100 million private placement of common shares.
• Cotiviti Holdings, Inc. (f/k/a Connolly iHealth Technologies) (a portfolio company of Advent International Corporation) in its $246 million initial public offering, and together with Advent International, as selling shareholder, in over $1 billion secondary offerings of common shares.
• Definitive Healthcare Corp. (a portfolio company of Advent International) in its $483 million initial public offering.
• Dun & Bradstreet Holdings, Inc. (a public company backed by an investor consortium led by THL Partners, Cannae Holdings, Black Knight and CC Capital) in its $1.98 billion initial public offering and $400 million concurrent private placement.
• Edwards Group Limited (a portfolio company of CCMP Capital Advisors and Unitas Capital) in its $100 million initial public offering of American Depositary Shares on the NASDAQ Global Select Market.
• First Watch Restaurants, Inc. (a portfolio company of Advent International) in its $196 million initial public offering.
• Generac Holdings (a portfolio company of CCMP Capital Advisors) in its $270 million initial public offering and over $1 billion of secondary offerings of common stock.
• Goldman Sachs, J.P. Morgan and a leading financial institution, as the lead underwriters, in a $1.1 billion initial public offering of UL Solutions Inc.
• Goldman Sachs and another financial institution, as representatives of the underwriters, in the $424 million initial public offering of Agiliti, Inc. (f/k/a Agiliti Health, Inc.).
• Goldman Sachs and J.P. Morgan, as underwriters, in the $250 million initial public offering of Camping World Holdings, Inc. (a portfolio company of Crestview Advisors) and in over $610 million secondary offerings of common stock.
• Goldman Sachs, Credit Suisse, Evercore and another financial institution, as representatives of the underwriters, in the $178 million initial public offering of The Vita Coco Company, Inc. (a portfolio company of Verlinvest).
• J.P. Morgan, Deutsche Bank, and the other underwriters in the $180 million initial public offering of Teladoc, Inc. and J.P. Morgan and the other underwriters in over $330 million follow-on and secondary offerings.
• Kinder Morgan in its $2.86 billion initial public offering, the largest private equity-backed IPO in U.S. history at that time, and the largest energy IPO in the last decade.
• Kinder Morgan, Inc. on U.S. law aspects related to the C$2 billion initial public offering of Kinder Morgan Canada Limited (KMCL), as part of KMCL’s spin-off from its parent, Kinder Morgan Limited.
• Metaldyne Performance Group Inc. (MPG) and American Securities, as selling stockholder, in MPG’s $170 million initial public offering.
• Morgan Stanley, J.P. Morgan and Credit Suisse, as representatives of the underwriters, in the $1.6 billion initial public offering, via American Depositary Shares, of Oatly Group AB (a portfolio company of a joint venture between China Resources and Verlinvest).
• NCS Multistage Holdings, Inc. (a portfolio company of Advent International) and certain selling stockholders in its $186 million initial public offering.
• Ollie’s Bargain Outlet, Inc. (a portfolio company of CCMP Capital Advisors) in its $164 million initial public offering and in over $880 million of secondary offerings of common shares.
• Papa Murphy's Holdings, Inc. (a portfolio company of Lee Equity Partners) in its $64 million initial public offering.
• Portillo’s, Inc. (a portfolio company of Berkshire Partners) in its $466 million initial public offering.
• Sovos Brands (a portfolio company of Advent International) in its $322 million initial public offering.
• Thomas H. Lee Partners, Goldman Sachs Capital Partners, J.P. Morgan Partners and CCMP Capital Advisors LLC, as selling shareholders, in the $834 million initial public offering and, together with Warburg Pincus, as selling shareholders, in over $4.7 billion secondary offerings of common shares of Aramark Corporation.
• Vantiv, Inc. (a joint venture of Advent International and Fifth Third Bank) in its $575 million initial public offering and in over $4 billion of secondary offerings of common stock (including a simultaneous secondary and stock repurchase).

SPAC Initial Public Offerings

• Atlantic Avenue Acquisition Corp., a SPAC sponsored by an affiliate of MC Credit Partners, in its $250 million initial public offering.
• AltC Acquisition Corp., a SPAC sponsored by AltC Sponsor LLC (an affiliate of M. Klein and Company, LLC), in its $500 million initial public offering.
• Austerlitz Acquisition Corporation I, a SPAC sponsored by Trasimene Capital Management, LLC, in its $690 million initial public offering.
• Austerlitz Acquisition Corporation II, a SPAC sponsored by Trasimene Capital Management, LLC, in its $1.38 billion initial public offering.
• Avista Public Acquisition Corp. II, a SPAC sponsored by Avista Acquisition LP II (an affiliate of Avista Capital Holdings), in its $230 million initial public offering.
• Churchill Capital Corp VII, a SPAC sponsored by Churchill Capital Group, in its $1.38 billion initial public offering.
• Citi, as sole underwriter, in a $402.5 million initial public offering by Pioneer Merger Corp., a SPAC sponsored by Pioneer Merger Sponsor LLC.
• Citi, as sole book-running manager, in the $345 million initial public offering of ScION Tech Growth II, a SPAC sponsored by an affiliate of ION Group.
• Citi, as sole underwriter, in the $345 million initial public offering of Yucaipa Acquisition Corporation, a SPAC sponsored by affiliates of The Yucaipa Companies, together with a $50 million forward purchase agreement with an affiliate of The Yucaipa Companies.
• Citi, as the sole book-running manager, in the $309 million initial public offering of DHC Acquisition Corp., a SPAC sponsored by DHC Sponsor, LLC.
• Citi, as sole underwriter, in the $305 million initial public offering of Kernel Group Holdings, Inc., a SPAC sponsored by Kernel Capital Holdings, LLC.
• Citi, Goldman and Credit Suisse, as underwriters, in the $345 million initial public offering of Sentinel Energy Services Inc., a SPAC sponsored by CSL Capital Management.
• Deep Lake Capital Acquisition Corp., a SPAC sponsored by Deep Lake Capital Sponsor LP, in its $207 million initial public offering.
• Federal Street Acquisition Corp., a SPAC sponsored by Thomas H. Lee Partners, the primary focus of which is to acquire and operate a company in the healthcare industry based in North America, in its $460 million initial public offering.
• First Light Acquisition Group, Inc., a SPAC sponsored indirectly by FLAG Sponsor Manager, LLC (William J. Weber), in its $230 million initial public offering.
• Foley Trasimene Acquisition Corp., a SPAC sponsored by Bilcar FT, LP and Trasimene Capital FT, LP., in its $1 billion initial public offering.
• Foley Trasimene Acquisition Corp. II, a SPAC sponsored by Trasimene Capital FT, LP II, in its $1.5 billion initial public offering.
• Fortistar Sustainable Solutions Corp., a SPAC sponsored by an affiliate of Fortistar LLC, in its $259 million initial public offering.
• Fortress Capital Acquisition Corp., a SPAC sponsored by Fortress Capital Acquisition Sponsor LLC, in its $400 million initial public offering.
• Fortress Investment Group LLC, in the $345 million initial public offering of Mosaic Acquisition Corp., a SPAC co‑sponsored by Fortress.
• Fortress Value Acquisition Corp., a SPAC sponsored by Fortress Investment Group, in its $345 million initial public offering.
• Fortress Value Acquisition Corp. III, a SPAC sponsored by Fortress Investment Group, in its $230 million initial public offering.
• Fortress Value Acquisition Corp. IV, a SPAC sponsored by Fortress Investment Group, in its $600 million initial public offering.
• Goldman Sachs, Citi, Credit Suisse, RBC and Tudor, Pickering, as underwriters, in the $314 million initial public offering of Switchback Energy Acquisition Corporation, a SPAC sponsored by NGP Natural Resources.
• Jack Creek Investment Corp., a SPAC sponsored by KSH Capital, in its $345 million initial public offering.
• Marquee Raine Acquisition Corp., a SPAC sponsored by an affiliate of The Raine Group LLC and Marquee Sports Holdings SPAC I, LLC, in its $374 million initial public offering.
• TPG Pace Beneficial II Corp., a SPAC sponsored by TPG Pace Group, in its $400 million initial public offering.
• TPG Pace Beneficial Finance Corp., a SPAC sponsored by TPG Pace Group, in its $350 million initial public offering.
• TPG Pace Energy Holdings Corp., a SPAC sponsored by TPG Pace Group that seeks a target business in the energy, or energy-related, industries, in its $650 million initial public offering.
• TPG Pace Holdings Corp., a SPAC sponsored by TPG Pace Group that seeks a target business in the technology, media or business service industries, in its $450 million initial public offering and its $48 million private placement of common shares to finance its acquisition of Accel Entertainment, Inc.
• TPG Pace Solutions Corp., a SPAC sponsored by TPG Pace Group, in its $285 million initial public offering.
• TPG Pace Tech Opportunities Corp., a SPAC targeting the tech industry sponsored by TPG Pace Group, in its $450 million initial public offering.
• Trebia Acquisition Corp., a SPAC sponsored by affiliates of Trasimene Capital Management and Bridgeport Partners, in its $518 million initial public offering, together with a $75 million forward purchase agreement with an affiliate of Cannae Holdings, Inc.
• Underwriter in the $300 million initial public offering of TS Innovation Acquisitions Corp., a SPAC sponsored by an affiliate of Tishman Speyer Properties, L.P.

Other Equity & Debt Offerings

• Morgan Stanley, as underwriter, in a $2.9 billion block trade of approximately 100,000,000 shares of common stock of Keurig Dr Pepper Inc. by JAB BevCo B.V. and a concurrent repurchase of 35,000,000 shares of common stock by Keurig Dr Pepper Inc.; $2.3 billion block trade of 69,000,000 shares of common stock of Keurig Dr Pepper Inc. by JAB BevCo B.V.
• A major financial institution, as underwriter, in a $110.4 million secondary offering of 4,000,000 shares of common stock of The Vita Coco Company, Inc. by Verlinvest Beverages SA.
• Advent International in its $1.2 billion 144 sale of 10 million common shares of lululemon athletica inc., 3.3 million shares of which were repurchased by the issuer.
• Advent International and Batak LLC, as selling shareholders, in a $201.3 million secondary offering of shares of Sovos Brands
• Advent International and Goldman Sachs, as selling shareholders, in over $5.5 billion secondary sales of shares in TransUnion.
• Advent International and Thomas H. Lee Partners, as selling shareholders, in over $3 billion in underwritten secondary public offerings via block trades of 40.75 million shares in Syneos Health, Inc., 1,780,065 shares of which were repurchased by Syneos, closing out the THL and Advent ownership positions.
• ATI Physical Therapy Inc. (a publicly traded company backed by Advent International) in its $165 million private issuance of preferred shares and warrants, to refinance existing indebtedness.
• Cannae Holdings, Inc. in its $247 million offering of 7.5 million common shares and its $474 million follow-on offering of 11 million common shares primarily to fund future acquisitions.
• Cannae Holdings, as selling shareholder, in a $186 million Rule 144 sale of 8.5 million shares of Dun & Bradstreet Holdings, Inc. (a public company backed by an investor consortium led by THL Partners, Cannae Holdings, Black Knight and CC Capital).
• Ceridian HCM Holding Inc. (a publicly traded company backed by affiliates of Thomas H. Lee Partners, L.P. (THL) and Cannae Holdings, LLC) in its $575 million 144A offering of convertible senior notes, to finance capped call transactions and refinance existing debt.
• Ceridian HCM Holding Inc. (a publicly traded company backed by affiliates of Thomas H. Lee Partners, L.P. (THL) and Cannae Holdings, LLC) as selling shareholders, THL and Cannae, in a $531 million Rule 144A sale of 10 million shares of Ceridian common stock.
• Ceridian HCM Holding Inc. and Cannae Holdings, Inc., as a selling shareholder, in a $199 million Rule 144 sale of 2.1 million shares of Ceridian common stock and a $175 million Rule 144 sale of 2 million shares of Ceridian common stock.
• Definitive Healthcare Corp. (a publicly traded company backed by Advent International) in its $396 million follow-on public offering of 11 million common shares, to fund possible acquisitions and, in a synthetic secondary transaction, to repurchase shares and purchase liability interests from existing holders.
• First Watch Restaurants Group, Inc. (a publicly traded company majority owned by Advent International) in a $158 million block trade of 8,000,000 shares of common stock, in a $62.2 million block trade of 4.025 million shares of common stock, a $49.3 million block trade sale of 3 million shares of common stock and a $166 million block trade of 6.9 million shares of common stock.
• Goldman Sachs, as underwriter, in a $1.3 billion secondary offering via block trade of 45 million shares of Keurig Dr Pepper Inc. by JAB Holdings B.V.
• Goldman Sachs, as underwriter, in a $998 million secondary offering via block trade of 28 million shares of Keurig Dr Pepper Inc. by Mondelez International, Inc.
• Goldman Sachs and J.P. Morgan, as lead underwriters, in a $980 million secondary offering of 20,000,000 shares of its Class A common stock of UL Solutions Inc.
• Goldman Sachs and J.P. Morgan, as joint lead book-running managers and representatives of several underwriters, in a $345 million primary follow-on offering of Class A common stock in Camping World Holdings, Inc. (a portfolio company of Crestview Advisors).
• Goldman Sachs and J.P. Morgan, as representatives of the initial purchasers, in a $300 million 144A/Reg S offering of 6.500% senior notes for UL Solutions Inc.
• Goldman Sachs, J.P. Morgan and another leading financial institution, as lead underwriters, in a $147 million follow-on secondary offering of 3 million shares of its Class A common stock of UL Solutions Inc.
• Goldman Sachs, as agent, in a $132 million at-the-market offering of 4.3 million shares of its common stock by Keurig Dr Pepper Inc.
• Goldman Sachs and J.P. Morgan, as representatives of the underwriters, in an $84 million follow-on offering of the stock of Accel Entertainment, Inc.
• Goldman Sachs and Morgan Stanley, as underwriters, in a $1.7 billion secondary offering via block trade of 60 million shares of Keurig Dr Pepper Inc. (KDP) by Maple Holdings B.V., the controlling shareholder of which is JAB Holdings B.V., the majority owner of KDP, and by Mondelez International, Inc.
• Goldman Sachs, J.P. Morgan, Morgan Stanley and another major financial institution, as representatives of the underwriters, in a $3 billion multi-tranche senior unsecured notes offering by Keurig Dr Pepper Inc. to repay existing indebtedness.
• Home Loan Servicing Solutions, Ltd. (HLSS) in an $877 million secondary and follow-on offering of common shares of New Residential Investment Corp. following New Residential's acquisition of substantially all of the assets and liabilities of HLSS in exchange for cash and stock.
• Iron Mountain Incorporated, in its $617 million follow-on offering of common shares to finance in part its acquisition of the U.S. operations of IO Data Centers LLC.
• J.P. Morgan, as lead placement agent, in its $300 million offering of 9.25% convertible senior payment-in-kind notes due 2028 of Oatly Group AB.
• J.P. Morgan, Citi and another major financial institution, as representatives of the underwriters, in the $2.375 billion offering of senior unsecured notes by Hasbro, Inc. to finance in part its approximately $4 billion acquisition of Entertainment One Ltd.
• Lehman Brothers Holdings Inc., as selling shareholder, in the $1.1 billion secondary public offering of 7.9 million common shares of AvalonBay Communities, Inc. and in the $875 million secondary public offering of 15 million common shares of Equity Residential.
• Mizuho Securities USA LLC, as sales agent, in an at-the-market offering program for up to $75 million of common stock by Sonida Senior Living, Inc.
• Morgan Stanley, as underwriter, in an approximately $1.1 billion secondary offering via block trade of 40 million shares of Keurig Dr Pepper Inc. by JAB Holdings B.V. 
• Morgan Stanley and another financial institution, as representatives of the underwriters, in a $1.5 billion offering of 16.9 million shares of common stock of Royal Caribbean Cruises Ltd.
• Morgan Stanley, Goldman Sachs and another major financial institution, as dealer managers, in a $2.1 billion tender offer for certain outstanding senior notes of multiple series by Keurig Dr Pepper Inc. (KDP) to repay existing indebtedness, financed by KDP's simultaneous $3 billion multi-tranche offering of senior unsecured notes.
• Morgan Stanley, RBC Capital Markets and another financial institution, as representatives of the underwriters, in its $116 million offering of common stock by Sonida Senior Living, Inc.
• Portillo’s, Inc. (a publicly traded company backed by Berkshire Partners) in over $290 million secondary offerings of its Class A common stock.
• Providence Equity Partners, as selling shareholder, in a $134 million secondary offering of 4.6 million shares and an $86 million Rule 144 trade of 3 million shares of Callaway Golf Company.
• Sanofi in its approximately $6.7 billion sale of a portion of its stake in Regeneron Pharmaceuticals, Inc. and related approximately $5.0 billion share repurchase by Regeneron.
• SoftBank, as selling shareholder, in a $785 million secondary offering of shares of Guardant Health, Inc.
• Affiliates of Thomas H. Lee Partners, as sellers, in an approximately $152 million Rule 144 sale of 13.7 million shares of common stock of Dun & Bradstreet Holdings, Inc. (a public company backed by an investor consortium led by THL Partners, Cannae Holdings, Black Knight and CC Capital) to J.P. Morgan.
• Affiliates of Thomas H. Lee Partners, as sellers, in an approximately $127 million Rule 144 sale of 13.4 million shares of common stock of Dun & Bradstreet Holdings, Inc. (a public company backed by an investor consortium led by THL Partners, Cannae Holdings, Black Knight and CC Capital) to Goldman Sachs
• Thomas H. Lee Partners, as selling shareholder, in a Rule 144 sale of Class A common stock of Alight, Inc.
• TPG Pace Holdings Corp., a SPAC sponsored by TPG Pace Group, in its private placement of common shares to finance its acquisition of Accel Entertainment, Inc.
• The underwriters in a $305 million offering of senior convertible notes and in over $1.5 billion offerings of limited liability company interests by Macquarie Infrastructure Company LLC, including offerings to finance its acquisition of all of the equity of International-Matex Tank Terminals (IMTT) that it did not already own and to finance its acquisition of Bayonne Energy Center (BEC).
• Wex Inc. in its repurchase of $310 million in principal amount of its convertible senior notes from WP Bronco Holdings, LLC.

Other Transactions

• Allego Holding B.V. (n/k/a Allego N.V.) (a portfolio company of Meridiam Infrastructure Partners) in its $3.14 billion business combination with Spartan Acquisition Corp. III, a SPAC sponsored by Spartan Acquisition Sponsor III LLC (an affiliate of Apollo Global Management).
• ATI Physical Therapy Holdings, LLC (a portfolio company of Advent International) in its $2.5 billion business combination with Fortress Value Acquisition Corp. II, a SPAC sponsored by Fortress Investment Group, and its incremental second lien secured subordinated facility.
• Avista Healthcare Public Acquisition Corp., a SPAC sponsored by Avista Capital Holdings, in its proposed $924 million merger with Envigo International Holdings, Inc.
• Avista Healthcare Public Acquisition Corp. in its acquisition of Organogenesis Inc., creating a company with an anticipated initial enterprise value of approximately $673 million.
• ChargePoint, Inc. in its combination with Switchback Energy Acquisition Corporation, a SPAC sponsored by NGP Switchback, LLC, in a transaction that implied a ChargePoint enterprise value of $2.4 billion.
• Foley Trasimene Acquisition Corp. II, a SPAC sponsored by an affiliate of Trasimene Capital Management, LLC, led by William P. Foley II, in a $9 billion business combination to take public Paysafe Limited.
• Fortress Value Acquisition Corp., a SPAC sponsored by Fortress Investment Group, in its $1.5 billion business combination with Secure Natural Resources and MP Materials.
• GS Acquisition Holdings Corp II, a SPAC sponsored by an affiliate of Goldman Sachs, in its $2.6 billion business combination with Mirion Technologies, Inc. (at the time, a portfolio company of Charterhouse Capital Partners).
• Healthcare Merger Corp., a SPAC sponsored principally by Shulman Ventures and MTS Health Partners, in its merger with SOC Telemed, in a transaction that implies an initial enterprise value of $720 million.
• TPG Global, in the acquisition by TPG Pace Holdings Corp., a SPAC sponsored by TPG Pace Group, of the stock of Accel Entertainment, Inc., with the resulting entity having an initial enterprise value of approximately $884 million.
• TPG Pace Solutions Corp., a SPAC sponsored by TPG Pace Group, in its $4.5 billion business combination with Vacasa LLC.

Alex is consistently recognized as a leading lawyer for Capital Markets: Debt & Equity by Chambers Global and Chambers USA, where clients note he is “an excellent partner” who is “seasoned, knowledgeable and responsive” and “is very thoughtful and approachable.” He is also recognized as a leading lawyer for SPACs in the U.S. by Chambers Global and Chambers USA, where clients refer to him as “a SPAC expert” and say he “knows the SPAC structure well and is commercial.” Alex is recognized as a “Highly Regarded” lawyer for Capital Markets: Equity in the U.S. by IFLR1000 and as a “Leading Lawyer” for Capital Markets: Equity by Legal 500 US, where clients note he is “intelligent, commercial and practical in his negotiations” and he “knows the market and is able to guide on the best course of action in any given situation.” He is also recommended for Capital Markets: Debt Offerings and High Yield Debt Offerings by Legal 500 US, where clients note that he “provides strong service and his dedication as a legal advisor is clear. He has extensive legal knowledge and always stays calm under pressure. He is also an expert in simplifying complicated situations.” Alex is also named among Lawdragon’s “500 Leading Dealmakers in America” list. Alex has been shortlisted as Capital Markets: Equity “Lawyer of the Year” for IFLR1000’s 2021 United States Awards. He has been recognized by IPO Vital Signs as one of the leading IPO lawyers in the U.S. Alex has been a presenter at the NYSE IPO Bootcamp seminars for the past four years.

Alex received a J.D. from Columbia University School of Law in 1987 and a B.S., cum laude, from Tulane University in 1983, where he was the recipient of the Aaron Hartman Award. He is a member of the New York State Bar and the American Bar Association.