Hamang B. Patel

Clients call on Hamang for guidance on the federal, state and local tax and business law issues stemming from complex business transactions. His strategic counsel encompasses mergers and acquisitions, tax-free reorganizations, spin-offs, new market tax credit financings, historic tax credit financings, partnerships and joint ventures, REIT acquisitions, real estate transactions, and renewable energy tax incentives. Hamang additionally focuses his practice on general corporate and limited liability company matters, as well as the negotiation and structuring of sophisticated, high-ticket M&A, and venture capital transactions.

Hamang’s capabilities include:

• Representing sellers and buyers in the tax-efficient acquisition and sales of companies and operating divisions in industries ranging from life sciences and manufacturing to computer science and food service.
• Structuring and negotiating new market tax credit financings.
• Structuring and creating joint ventures between United States and European companies to market and manufacture high-tech products in the U.S.
• Representing companies and executives in the reorganization of corporations and partnerships to meet operational and tax needs and succession planning goals.
• Representing institutional investors in connection with investments in hedge and private equity funds.

Solutions in action

Notable representations include:

• Structured a $450 million sale of a client’s business
• Representation of a private REIT in its corporate formation, and acquisition, financing, leasing, and disposition of agricultural properties throughout the United States.
• Structured a tax-free reorganization and associated spin-off of multiple partnerships, and corporations owning real property development and rental businesses in San Francisco.
• In the $215 million sale of a client’s business, Hamang worked to structure the receipt of a portion of the equity as a tax-free rollover by the sellers.
• Structured a $85 million sale to be a tax-free reorganization to the sellers.
• In a complex $20 million real estate development, Hamang assisted the borrower to utilize new market tax credit financing, historic tax credit equity and a conventional bank loan.
• Structured and negotiated a $100 million real estate development to attract equity investors and utilizing both new market tax credit financing and tax-exempt bonds.
• Structured the creation of a private equity fund focusing on investments in early-stage life science and other high-tech companies.
• Successfully obtaining an IRS private letter ruling for the tax-free conversion of an unincorporated bookstore into a taxable nonstock corporation.
• Negotiated multiple exchange agreements and related documents to represent a Wisconsin insurance company in regards to various combination transactions with other insurance companies.