Blair T. Thetford

Thetford has represented a diverse set of clients across a broad range of industries. These transactions have included:

Technology, Software and Fintech

• Hg in dozens of transactions, including its:
  • $6.4 billion take-private of OneStream, Inc.
  • acquisition of Riskalyze
  • investment in Insight Software (alongside TA Associates)
  • sale of Mitratech to Ontario Teachers’ Pension Plan
  • sale of Sovos Compliance to Hg Saturn 2 and TA Associates
  • acquisition of Gen II Fund Services as part of a consortium
• FTV Capital in its investment, alongside Lightyear Capital, in ProfitSolv
• Danaher Corporation in:
  • a $2.6 billion Reverse Morris Trust transaction involving the merger of its communications business with NetScout Systems, Inc.
  • its $300 million take-private of Keithley Instruments, Inc.
• MSX International in connection with its acquisition by Bain Capital

Financial Institutions

• BlackRock in its $12 billion acquisition of HPS Investment Partners
• Willis Towers Watson in its proposed $80 billion combination with Aon plc (and receipt of a $1 billion termination fee)
• Rithm Capital Corp. in its:
  • acquisition of Crestline Management, L.P., a private credit investment manager with approximately $17 billion in AUM
  • $720 million contested acquisition of Sculptor Capital Management, an alternative asset manager with $33 billion in AUM
• HPS Investment Partners in its:
  • $300 million take-private of Marlin Business Services Corp.
  • acquisition of Spectrum Automotive Holdings
• Computershare Limited in the $720 million sale of its U.S. mortgage services business
• OneMain Holdings in the $1.5 billion acquisition of a 40% stake held by Fortress by an investor group led by Apollo and Värde Partners

Real Estate and Hospitality

• GIC in its:
  • $15 billion take-private (alongside Oak Street) of STORE Capital Corporation (a REIT)
  • $868 million take-private (alongside Centerbridge) of INDUS Realty Trust, Inc. (a REIT)
• Healthpeak Properties, Inc. (a REIT) in its:
  • $6.1 billion acquisition of the real estate assets of HCR Manor Care from The Carlyle Group
  • spin-off of Quality Care Properties, Inc. (a REIT)
• Brookdale Senior Living Inc. in its:
  • $2.8 billion merger with Emeritus Corporation
  • $1.2 billion joint venture with HCP, Inc.
• Wes Edens (co-founder of Fortress and co-owner of the Milwaukee Bucks) in his investment in Aston Villa Football Club
• Emeritus Corporation in the sale by its joint venture with Blackstone Real Estate Partners of $1.8 billion of senior housing communities to HCP, Inc.
• Granite Point Mortgage Trust Inc. (a REIT) in its $300 million capital raise from PIMCO

Life Sciences and Health Care

• Vanguard Health Systems, Inc. (a Blackstone portfolio company) in its $4.3 billion acquisition by Tenet Healthcare Corporation
• HHAeXchange (a portfolio company of Hg and Cressey) in its acquisition of Sandata Technologies
• Fortress Value Acquisition Corp. II in its $2.5 billion business combination with ATI Physical Therapy

Consumer and Retail

• HPS Investment Partners in its investment (alongside CVC Capital Partners) in Authentic Brands Group, at a $12.7 billion valuation
• York Capital Management in its sales of:
  • Renuity to Greenbriar Equity Group
  • The Bay Club Company to KKR
• Darden Restaurants, Inc. in the spin-off of Four Corners Property Trust, Inc. (a REIT)

Infrastructure and Industrials

• New Fortress Energy Inc. in:
  • its entry into a restructuring support agreement with creditors as part of a U.K. restructuring plan, in what is expected to be one of the largest consensual U.K. restructuring transactions ever
• SeaCube Container Leasing Ltd. (a Fortress portfolio company) in its $1.8 billion take-private by Ontario Teachers’ Pension Plan
• Fortress in FTAI Aviation Ltd.’s internalization of management