Lee Parnes
Lawyers
Advises corporate and private equity clients in transactions including public and private mergers and acquisitions, JVs, spinoffs, investments and carve-outs.
Lee advises corporate and private equity clients in a broad range of transactional matters, including public and private mergers and acquisitions, joint ventures, spinoffs, investments and carve-outs.
He has advised clients in various industries, including the industrial, aerospace and defense, healthcare, gaming, fintech, digital assets, real estate and consumer products sectors.
Experience
- Leidos in its $2.4 billion acquisition of ENTRUST Solutions Group
Lee’s representations prior to joining Davis Polk include:
- The sole shareholder of Tripp Lite in its $1.65 billion sale to Eaton
- Apple Tree Partners, as the majority shareholder in Syntimmune, in connection with Syntimmune’s acquisition by Alexion Pharmaceuticals for up to $1.2 billion
- B. Riley Financial in connection with the acquisition of Franchise Group
- Benefitfocus in its $570 million acquisition by Voya Financial
- Boeing in its $8.3 billion acquisition of Spirit AeroSystems
- Candy Digital in its acquisition by Futureverse, its acquisition of Palm NFT Studio and its Series A-1 financing round led by Galaxy and ConsenSys Mesh
- Cementos Argos in connection with the $3.2 billion combination of its U.S. operations, Argos North America Corp., with Summit Materials
- ConsenSys Software in numerous financings from 2020 to 2023, which took the company’s valuation from $50 million to over $7 billion
- DraftKings in its acquisition of Simplebet and $750 million acquisition of Jackpocket
- GGP in its $28 billion sale to Brookfield Property Partners
- Ki Corporation in its joint proposal with Public Storage to acquire Abacus Storage King at an A$3 billion enterprise value
- Knoll in its $1.8 billion acquisition by Herman Miller and PIPE transaction
- Leonardo DRS, the U.S. defense subsidiary of Leonardo S.p.A., in its combination with RADA Electronic Industries
- Mountain & Co. I Acquisition Corp., a SPAC, in its proposed business combination with FC Barcelona, later terminated
- The conflicts committee of the board of NRG Yield in its sponsor NRG Energy’s $1.375 billion sale of its controlling interest in NRG Yield to an equity fund of Global Infrastructure Partners
- Panera Bread in its $7.5 billion acquisition by JAB
- Platinum Equity in its acquisition of a controlling equity stake, along with other noteholders, of Key Energy Services in a reorganization
- Raintree Systems in a significant investment from Serent Capital
- Royal Philips in its $2.8 billion acquisition of BioTelemetry
- Signify in its $1.4 billion acquisition of Cooper Lighting from Eaton and its $272 million acquisition of Fluence from ams OSRAM
- UnitedHealth Group in Optum’s $13.8 billion acquisition of Change Healthcare and its sale of ClaimsXten to TPG Capital for $2.2 billion and $3.7 billion acquisition of Amedisys
- Watlow in its sale to Tinicum
- Weir Group in its $405 million sale of its oil and gas division to Caterpillar
Education
J.D., Columbia Law School
- James Kent Scholar
- Ruth Bader Ginsburg Prize
B.A., Economics, Colgate University
- magna cum laude
Prior experience
- Partner, Sullivan & Cromwell, 2024-2025
- Associate, Sullivan & Cromwell, 2015-2023
Qualifications and admissions
- State of New York