A Partner in the Firm’s Tax Practice, Caroline Phillips advises clients on tax matters in a variety of transactions, including mergers, acquisitions, dispositions, joint ventures, fund formations, REITs and real estate transactions. She frequently advises private equity sponsors, as well as their portfolio companies, on the tax aspects associated with numerous investments, acquisitions and divestitures. Her clients have included, among others, Blackstone, Centerbridge, Sixth Street Partners and Blackrock.
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Work Highlights
- Blackstone in multiple transactions, including its $7.6 billion acquisition of PS Business Parks, acquisition of Spanx and investment in Simpli.fi
- Sixth Street Partners in multiple transactions, including the Sixth Street-led consortium to acquire GreenSky from Goldman Sachs and Sixth Street’s and Brentwood’s investment in Far West Services
- Revelstoke, including the formation and closing of Revelstoke Capital Partners Fund III and various affiliated investment vehicles totaling $1.7 billion and in the establishment of Revelstoke EPIC Fund III
- Bumble in multiple transactions, including its $2.5 billion IPO and $1.1 billion secondary offering
- TransUnion’s $3.1 billion acquisition of Neustar
- The establishment of Stonepeak Infrastructure Partners’ inaugural renewable energy fund, Stonepeak Global Renewables Fund, which achieved its hard cap of $2.75 billion
Education
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New York University School of Law, 2015 LL.M.
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Fordham University School of Law, 2011 J.D.
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University of Pennsylvania, 2008 B.A.
Magna Cum Laude
Caroline Phillips is a Partner in Simpson Thacher’s Tax Practice based in New York. She advises clients on tax matters in a variety of transactions, including mergers, acquisitions, dispositions, joint ventures, fund formations, REITs and real estate transactions. She frequently advises private equity sponsors, as well as their portfolio companies, on the tax aspects associated with their fundraises, investments, financings, acquisitions and divestitures.
Caroline’s representative transactions have included:
- Blackstone in multiple transactions, including its $7.6 billion acquisition of PS Business Parks, acquisition of Spanx and investment in Simpli.fi
- J-STAR in multiple transactions, including the successful closing of J-STAR’s Continuation Series Funds at ¥17.9 billion and formation of the J-STAR No.5 Series Funds, a ¥75 billion Japan-focused buyout fund series
- Revelstoke in multiple transactions, including the formation and closing of Revelstoke Capital Partners Fund III and various affiliated investment vehicles totaling $1.7 billion and in the establishment of Revelstoke EPIC Fund III
- Avantor in multiple transactions, including its $1 billion common stock offering and acquisition of Masterflex
- Bumble in multiple transactions, including its $2.5 billion IPO and $1.1 billion secondary offering
- TransUnion’s $3.1 billion acquisition of Neustar
- The establishment of Stonepeak Infrastructure Partners’ inaugural renewable energy fund, Stonepeak Global Renewables Fund, which achieved its hard cap of $2.75 billion
- Ferro’s $2.1 billion acquisition by Prince International
- The establishment of Madison International Realty Real Estate Liquidity Fund VIII, which raised $1.7 billion
- CBRE Acquisition Holdings in its $1.58 billion merger with Altus Power
- Capital Power and BlackRock’s acquisition of Harquahala Generation Company
- Sixth Street Partners’ investment in Far West Services
- A consortium led by Sixth Street Partners’ acquisition of GreenSky from Goldman Sachs
- McKesson’s acquisition of Rx Savings Solutions
- AGCO’s acquisition of Trimble Ag Assets and Technologies through a joint venture
- KKR’s acquisition of Ensono
Caroline received her J.D. in 2011 from Fordham University School of Law and LL.M. in Taxation in 2015 from New York University School of Law. She received her B.A., magna cum laude, in 2008 from University of Pennsylvania.