Abraham (Avi) Reshtick

Partner

New York

Abraham (Avi) Reshtick is a partner and a member of the firm’s Tax Department and Israel Group.

Avi advises clients on a broad range of issues in connection with federal income taxation, in particular on the tax implications of mergers, acquisitions and divestitures; partnerships and joint ventures; bankruptcy and corporate restructuring; financings, including debt and equity offerings and derivatives; real estate transactions; and executive compensation.

Avi has been repeatedly recognized by Chambers USA and Legal 500 US as a leading practitioner in tax. Chambers USA describes Avi as having “an excellent ability to take complex tax issues and explain them clearly and concisely without losing sight of nuances” and as being “very proactive and practical tax legal counsel who has been tested and proven value-adding in multiple deal projects.” Turnarounds & Workouts also repeatedly named Avi to its list of “Bankruptcy Tax Specialists in the Nation’s Major Law Firms.”

On the M&A transactional front, Avi advises corporations, partnerships and limited liability companies in strategizing, structuring and negotiating acquisitions, mergers, joint ventures, divestitures and spin-offs to maximize tax efficiency and optimize the utilization of tax attributes. He advises private equity and hedge funds in the buying and selling of portfolio companies, fund formation, the tax implications of complex investment strategies and structures, including evaluating the taxation of hedge fund and private equity fund domestic and offshore investors as well as fund principals.

Avi also regularly serves as lead tax counsel in large and often high-profile Chapter 11 bankruptcies and out-of-court restructurings, analyzing and advising on significant and complex tax issues, and developing and implementing plans that preserve and maximize favorable tax attributes and avoid negative tax consequences to both debtors and creditors. Avi’s tax-restructuring experience spans more than two decades and multiple industries, including most recently in connection with the restructuring of Purdue Pharma, Mallinckrodt, LATAM Airlines, Endo International, Rite Aid and Diamond Sports Group.

In addition, Avi advises funds, domestic and foreign family offices and individuals on optimizing their investments into US joint ventures and real estate projects.

Avi draws on his extensive network in Israel and his firsthand familiarity with and understanding of its business and legal ecosystems to advise Israeli entities that are operating, investing or accessing capital in the United States.

Experience & capabilities

Selected matters

Served as purchasers’ counsel for a $100 million capital raise to finance two hospital acquisitions in connection with the Prospect Medical Holdings bankruptcy.
Advised Topcon Healthcare, Inc., a global leader in digital health and ocular data solutions, in its agreement to acquire Toku, Inc., a San Diego-based artificial intelligence (AI) health technology company originally founded in New Zealand.
Advised Acoustic, L.P. in the sale of its DemandTec business – a pioneer in AI-powered pricing, promotions and markdown optimization technology – to Longshore Capital Partners.
Advising Richard Caring in SoHo House & Co Inc. (NYSE: SHCO) $2.7 billion going private transaction.
Advised Atlantic Street Capital Partners in its sale of All Star Auto Parts, a specialty distributor of alternative automotive parts, to BBB Industries LLC, a supplier of replacement parts backed by Clearlake Capital Group LP.
Diamond Sports Group – Representing an ad hoc group of first lien lenders in connection with the Chapter 11 proceedings commenced by Diamond Sports Group and certain of its affiliates.
Advised Atlantic Street Capital on its sale of Advancing Eyecare, a leading provider of ophthalmic instruments, to Cornell Capital.
Represented Francisco Partners, a leading global investment firm, in a strategic growth investment in Acoustic, LP.
Advised Sentinel Capital Partners on its acquisition of Bandon Holdings, the largest franchisee in the Anytime Fitness family.
Represented Atlantic Street Capital in its latest platform investment in Fund IV, ACIS.
Advised Institutional Shareholder Services (ISS) on its acquisition of Discovery Data Holdings Inc.
Represented domestic and foreign companies in multibillion-dollar de-SPAC business combination transactions.
Advised financial sponsors in connection with SPAC formations and capital raisings as well as de-SPAC business combination transactions.
Represented a health care-focused private equity fund in multiple acquisitions, recapitalizations and dispositions of portfolio companies.
Advised a private equity-backed platform on multiple roll-ups of physician practices, including in corporate practice of medicine states.
Represented a publicly traded European company in its $425 million acquisition of a U.S. software company.
Advised an Israeli data recovery company on its $250 million sale to a U.S.-based technology conglomerate.
Advised a middle-market private equity firm on the formation of a $250 million fund.
Represented domestic and foreign issuers and underwriters in multiple equity and debt capital raisings.
LATAM Airlines Group S.A. – Represented the Parent Ad Hoc Claimant Group holding $5.5 billion of claims in the restructuring of LATAM, the largest airline in Latin America, including the execution of a backstop purchase agreement for $3.7 billion of convertible notes and common shares in LATAM.
Endo International PLC – Represented the Official Committee of Unsecured Creditors of Endo International PLC and its debtor affiliates.
Mallinckrodt Pharmaceuticals LLP – Represented the Ad Hoc Committee of Governmental Entities and Plaintiffs Executive Committee in the bankruptcy cases of Mallinckrodt plc and its debtor affiliates.
Purdue Pharma LP – Represented the Ad Hoc Committee of Consenting Governmental Claimants in the Purdue Pharma bankruptcy cases.