Professional Biography
Image of Eitan Hoenig

Eitan Hoenig Partner

  • New York

    D +1.332.238.2820

    F +1.212.977.1649

    New York

    1155 Avenue of the Americas, 22nd Floor

    New York, NY 10036-2711

    +1.332.238.2820

    EHoenig@perkinscoie.com

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Overview

Experience

Navigate To:   Mergers and Acquisitions; Restructuring     Venture Capital Transactions     Capital Markets Transactions     Special Situations

Mergers and Acquisitions; Restructuring*

  • Great Jones in its sale to Meyer Corporation
  • Simple Health in its transaction with Twentyeight Health
  • Expectful in its sale to Babylist
  • Hilma in its sale to Biocodex SAS
  • Anduin Technologies Inc. in its acquisition of TurgenSec Ltd
  • Tequila company in the exclusive license of its RTD business to a global alcoholic beverages company
  • TCGplayer Inc. in its acquisitions of:
    • ChannelFireball Inc. and BinderPOS Limited
    • Roca Robotics
  • Nordic Semiconductor ASA in its acquisition of Mobile Semiconductor, Inc.
  • SuperOrdinary in its acquisition of FanFix
  • Phenomenal in its acquisition of Reductress
  • Quartz Media in its sale to G/O Media
  • Simple Health in its acquisition of Emme
  • RapidSOS in its acquisition of IamResponding
  • All of Us Financial in its sale to PayPal
  • CueHit in its sale to NEOGOV
  • Interseller in its sale to Greenhouse Software
  • A business intelligence software company in its sale to a UK based global information services company
  • PrepAgent in its sale to Aceable
  • Vision Hill Group in its sale to Galaxy Digital Holdings Ltd
  • Aterian, Inc. in its acquisition of Photo Paper Direct Ltd
  • Mavely in its sale to Nu Skin Enterprises
  • Transcontinental Gold Mines Pty Ltd. in its sale to Denarius Silver Corp.
  • Esposito’s Sausage in its sale to a PE fund
  • Brooks Brothers Group in the 363 sales of non-core businesses
  • Veterinary software business in its sale of a majority stake to a veterinary clinic operator
  • Direct mail marketing business in its sale to a private equity firm
  • Transaction Committee of Navig8 Product Tankers in Navig8’s $1.1 billion sale to Scorpio Tankers and related equity offering
  • R. Bard in its $24 billion sale to Becton Dickinson
  • Astoria Financial in its:
    • $2.2 billion sale to Sterling Bancorp
    • Terminated $2 billion sale to New York Community Bank
  • Johnson Controls in its $16.3 billion combination with Tyco Int’l
  • Resource America in its $207 million sale to C-III Capital Partners
  • Entities affiliated with Oswaldo Cisneros in their:
    • $200.7 million acquisition of Venezuelan oil interests from Harvest Natural Resources and Pluspetrol Resources
    • Recapitalization and strategic partnership with Harvest Natural Resources
  • Bank of America in its:
    • Sale of its cash management business to BlackRock
    • Acquisition of a warrant to acquire 4.9% of MBIA's shares as part of a litigation settlement
  • S&P Global in its $2.225 billion acquisition of SNL Financial
    • Atlas Energy, P. and Atlas Pipeline Partners, L.P. in the simultaneous:
      • $1.9 billion sale of Atlas Energy to Targa Resources Corporation
      • $5.8 billion sale of Atlas Pipeline Partners to Targa Resources Partners
    • Reverence Capital Partners in its investment in Victory Capital
    • Sears Holdings Corporation in its evaluation of strategic alternatives for its majority stake in Sears Canada
    • Harman International in its $365 million acquisition of AMX
    • Alico in its:
      • $274 million acquisition of Orange-Co’s citrus business
      • $72 million acquisition of Silver Nip Citrus from entities owned by certain Alico directors and officers
    • 734 Agriculture and Arlon Group in their $137.8 million acquisition of a majority interest in Alico
    • BioCryst Pharmaceuticals in its now-terminated $101 million acquisition of Presidio Pharmaceuticals
  • Separation Transactions & Spin-Offs

    • Beauty company in the proposed separation of its creator business
    • Beauty and wellness company in the proposed separation of its influencer sales and marketing business
    • Insurance technology platform in its spin-out from a fintech investment company
    • Global media company in the separation and management buyout of its US media business
    • Consumer health company in the exploration of strategic alternatives for its optical products business
    • Brooks Brothers Group in the sale of its fashion jewelry business
    • CONSOL Energy in its spin-off of CONSOL Mining
    • The Chemours Company in its:
      • $325 million sale of its sulfur products business to Veolia
      • $230 million sale of its clean & disinfect business to Lanxess
      • $140 million sale of its aniline business to Dow Chemical
    • Johnson Controls in its:
      • $3.7 billion spin-off of Adient plc, its Irish-incorporated automotive seating and interiors business
      • $1.475 billion sale of its 50+ country Global WorkPlace Solutions business to CBRE
      • $200 million sale of its interests in Canadian and Australian facilities management joint ventures to Brookfield Asset Management
      • $265 million sale of its global automotive electronics businesses (excluding HomeLink) to Visteon
      • $700 million sale of its HomeLink business to Gentex
    • Atlas Energy, P. in its spin-off of its non-midstream assets, which was conditioned on the Atlas-Targa mergers
    • eBay in its $72 billion separation of eBay and PayPal
    • Bank holding company in its review of separation alternatives for its guaranteed loan business and securitized trusts
    • PPG Industries in its $2.1 billion Reverse Morris Trust split-off of its chlor-alkali and derivatives business to Georgia Gulf
    • Abbott Laboratories in its $54 billion spin-off of AbbVie

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Venture Capital Transactions*

  • Aptos Labs in its:
    • $200MM Series Seed led by a16z crypto
    • $200MM Series A, with participation from Jump Crypto, Binance, Apollo and others
    • Multiple investments in and partnerships with blockchain-based companies
  • Nori, a carbon removal marketplace, in multiple transactions, including its $6.25MM financing led by M13, Toyota Ventures, Placeholder and Cargill
  • Address Labs, the developer of a cross-chain blockchain protocol, in multiple rounds of equity financing
  • Impact Source, developer of a blockchain based mutual credit protocol, in multiple rounds of equity financing
  • Quil, a layoff insurance company, in multiple financing transactions by bank holding companies
  • Big Ticket Platform, an industry supported and funded digital platform for insurers, in multiple financing transactions and partnerships
  • All of Us Financial, an online brokerage, in multiple transactions, including its Series Seed led by Coinsquare
  • Forerunner Industries, a flood mapping clean tech company, in its Series A led by Union Square Ventures
  • Simple Health, a DTC online birth control company, in multiple post-Series B financing transactions, including:
    • Equity financings led by Goodwater Capital and Waypoint Capital Partners
    • A term loan and revolving credit facility funded by JP Morgan
  • Wellen, a healthcare company addressing osteoporosis, in multiple financing transactions
  • SuperOrdinary, a global brand partnership company, in multiple transactions, including its:
    • Series B equity financing
    • Debt financing transactions
    • Multiple equity joint ventures and partnerships
  • Maude, a sexual wellness company, in multiple equity financing transactions
  • Henry Rose, a genderless fine fragrance company, in its Series A financing led by Sandbridge Capital
  • Great Jones, a DTC cookware company, in multiple financing transactions
  • Clare Paint, a DTC online paint supplier, in multiple rounds of equity financing, including its $8MM Series A led by Pendulum
  • Bread Beauty Supply, a haircare company for curly and non-traditional hair, in its Series Seed equity financing
  • Milo Pets, an integrated pet clinic company, in multiple financing transactions, including its Series Seed led by affiliates of Quiet Capital
  • STUDS, a digital DTC and brick and mortar ear piercing studio, in its $20MM Series B led by Spark Capital
  • Proper Wild, a plant-based energy drink company, in multiple equity financings and its partnership with Barstool Sports
  • Los Sundays Familia, a tequila company, in multiple rounds of financing, including its Series A led by CircleUp Growth Partners
  • Room9, an early stage venture studio focused on food and beverage, on multiple financings, including Last Crumb and Madre Mezcal
  • Bravely, a digital company coaching solution, in multiple financing transactions
  • Uzabase, Inc., a business intelligence company, in multiple corporate venture financing transactions
  • Lockstep Ventures, an early stage venture fund focused on companies solving racial disparities, in the negotiation with its seed investors and in multiple early stage venture financings
  • Cloud9 Technologies in multiple transactions, including its:
    • $17.5 million Series B funding round led by UBS
    • $30 million Series A funding round led by J.P. Morgan Chase, Barclays, NEX Group and Point72 Ventures
  • Sears Holdings Corporation in its $380 million rights offering of 40% of Sears Canada
  • 734 Agriculture in its $35 margin loan with Rabo AgriFinance
  • Abbott Laboratories, in connection with the AbbVie spin-off:
    • $14.7 billion offering of AbbVie senior notes
    • $7.7 billion tender offer of outstanding notes of Abbott

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Capital Markets Transactions*

  • Johnson Controls International plc in its:
    • $500 million and €1 billion registered notes offerings
    • Exchange offer and consent solicitation for $6.6 billion of outstanding notes issued by Johnson Controls and Tyco subsidiaries
  • Adient in its $900 million and €1 billion 144A notes offerings in connection with its spin-off from Johnson Controls
  • Entities affiliated with Oswaldo Cisneros in their $34 million private investment in Harvest Natural Resources
  • Atlas Energy in its $40 million private issuance of preferred units in connection with the spin-off of its non-midstream assets
  • Alico in its $207.5 million secured loan from affiliates of MetLife

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Special Situations*

  • Co-founder of an early stage Web 3.0 venture fund in the restructuring of the fund and replacement of investment advisor
  • Web 3.0 venture fund in the separation of one of its co-founders and related general partnership changes
  • Developer of a blockchain protocol in its successful response to one of the first contested governance proposals
  • Founder of a hedge fund of funds in its spin-out from a larger fund family
  • Founder in the negotiation of governance matters and settlement of a trade secrets claim related to a digital health company
  • DTC health care company in the separation of its CEO and CTO and the secondary sales of equity by those individuals
  • DTC retail company in the separation of one of its co-founders and related governance changes
  • AI company in its exploration of M&A opportunities as part of its response to trade secrets claims
  • Journalist in their separation from a media platform they co-founded
  • Founders of a fintech company in their negotiation of a governance agreement with their lead investor and buyout of the investor
  • Founders of a fintech company in the winddown of a regulated equity and commercial joint venture and creation of a new company
  • Blockchain company in its response to a claim that a third party was entitled to a 50% equity stake as a co-founder
  • Co-founders of a fintech company in their spin-out from a private equity fund and related governance arrangements
  • Biotechnology company in the creation of a structured dividend and mandatory redemption plan for preferred equity holders
  • Multiple seed stage AI, consumer and media start-ups in the separation of a co-founder and negotiated equity repurchase
  • CEO of a publicly traded company in the sale of a preferred “golden share” back to the company
  • Driver Capital Management in matters related to certain of its activist campaigns
  • Special Committee of the Board of Barnwell Industries in its response to activism campaigns by MRMP-Managers
  • Activist group in their successful proxy contest to replace the entire board and CEO of Destination Maternity Corp.
  • National Fuel Gas Company in its response to activism by Mario Gabelli, including the first attempt by an activist to nominate a director using proxy access
  • Special Committee of TICC Capital in TICC’s response to:
    • An activist campaign by TPG Specialty Lending to terminate TICC’s investment management agreement
    • Simultaneous activist campaigns by TPG and NexPoint opposing the proposed acquisition of TICC’s manager
  • eBay in its response to an activism campaign by Carl Icahn, one of the first company responses to make heavy use of Twitter
  • Bank of America in its $1.6 billion settlement of litigation with MBIA, which included issuance of a warrant to buy 9% of MBIA
  • Motorola Solutions in its director nomination and standstill agreement with ValueAct Capital

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*Certain matters above were handled prior to joining Perkins Coie, LLP

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Bar and Court Admissions

  • New York

Education

  • The University of Chicago Law School, J.D., 2010
  • Brandeis International Business School, M.A., 2002
  • Brandeis University, B.A., Economics, 2001