Tim is a seasoned tax attorney with deep capabilities in US and international federal income taxation, including in relation to venture capital, private equity, and other transactions, as well as fund formation, emerging companies, and bankruptcy. He has represented clients across a wide variety of industries, including financial services, health care, pharmaceuticals, technology, retail, education, automotive, and cannabis.
Tim has extensive experience advising clients on US and cross-border tax-planning strategies, taxable and tax-free mergers, and acquisitions and dispositions of US and foreign corporations. He also regularly counsels clients on partnership tax matters involving fund formation and restructuring. In addition, his practice encompasses representing private equity fund and venture capital sponsors and their portfolio companies in transactions, joint ventures, liquidations, and investments.
Prior to joining Mintz, Tim was a partner and earlier a senior managing associate and an associate in the Taxation Practice of a global law firm, where he handled a broad spectrum of domestic and international federal income tax matters.
Experience
Private Equity and Venture Capital
- Represented a private equity firm in connection with multiple middle market acquisitions and divestitures of portfolio companies focused on the technology services, media, education, and communication sectors.
- Represented a New York–based investment firm in connection with fund formation and acquisitions and divestitures.
- Represented a venture capital firm in connection with fund formation and acquisitions in the insurtech, fintech, and health care sectors.
- Represented two investment firms in connection with acquisitions of companies in the specialty adhesives manufacturing sector.
- Represented a global asset management firm in connection with an acquisition in the energy sector.
- Represented a private equity firm in connection with the acquisition of distressed companies in the automotive industry.
- Represented a private equity–backed company in connection with its acquisition of a large inheritance lender.
Public Company M&A, IPOs, and SPACs
- Represented a multinational financial technology company in connection with its acquisition of an Israeli-based digital asset security firm.
- Represented a life and health insurance company to sell its life insurance business to a multinational insurance holding company.
- Represented a biodefense company in connection with its business combination with a clinical-stage biopharmaceutical company.
- Represented a preclinical drug delivery and RNA medicines company in connection with its collaboration and equity investment transaction with a biopharmaceutical company
- Represented a blank check company focused on the innovative biopharmaceutical sector in connection with its business combination with a clinical-stage biopharmaceutical company.
- Represented a leading Asia Pacific online luxury marketplace and platform in connection with its business combination with a blank check company and its subsequent listing on the NASDAQ.
- Represented a French consultancy group listed on Euronext Paris in connection with its cross-border acquisition of a US-based IT consultancy company and other follow-on acquisitions.
- Represented a provider of global trade management software solutions in connection with its acquisition of a supply chain software company.
- Represented a Spain-based public company focused on testing inspection and certification in connection with its acquisition of a company that provides materials, component, electrical, and electromagnetic compatibility testing.
- Represented a public company in connection with its combination with a clinical-stage oncology company targeting the epigenetic causes of cancers.
Private Company M&A
- Represented a French multinational dairy products corporation in connection with its acquisition of a division of a large US food products company.
- Represented a global managed security services provider and cyber operations company in connection with its sale to a private equity fund.
- Represented a REIT in connection with its tax-deferred merger with and into a public company.
- Represented a banking and retail support services company in connection with its sale to a private equity fund.
- Represented a private, family-owned Canada-based company engaged in grain trade and agri-food business, energy, real estate, and financial services in connection with its acquisition of a Canada-based trucking company with operations throughout North America.
- Represented a Czech-based global chemical producer in connection with its agreement to acquire the mining solutions business from a NYSE-listed American chemical company.
- Represented an international energy group in connection with its acquisition of a US-based metallurgical coal producer.
- Represented a Korea-based retailer in connection with its acquisition of a US-based food retailer.
- Represented a private-equity backed registered financial advisory firm in its acquisition of multiple asset manager and wealth planning firms.
- Represented an Austria-based manufacturer in connection with its investment in and acquisition of a scaffolding company.
- Represented a UK-based investment research boutique in connection with its acquisition by a US-based investment management and broking group.
- Represented a cloud-based video content infrastructure business in connection with its acquisition by a private equity fund.
- Represented a provider of AI and machine learning capabilities in connection with its acquisition by a private equity–backed software company.
Fund Formation
- Represented a New York–based investment firm in connection with the formation of multiple funds.
- Represented a real estate investment fund in connection with a debt fund.
- Represented an investment and analytics boutique in connection with the formation of an IP litigation fund.
- Represented a Canadian venture capital firm in connection with the formation of its second fund investing in fintech startups.
- Represented a Spanish real estate fund in connection with the formation of its funds.
- Represented a venture capital fund focusing on the insurtech, fintech, and health care sectors in connection with the formation of its funds.
- Represented a venture capital fund focusing on tech-based, export manufacturing companies to create clean jobs.
- Represented a private credit fund that provides collateralized loans to small- and mid-sized, non-sponsored businesses.
- Represented a global venture firm with a focus on blockchain and related technologies.
viewpoints
Proposed Treasury Regulations Provide Guidance on Stock Buyback Excise Tax for Redemptions and M&A Transactions
May 23, 2024 | Alert | By David Salamon, Gregg M. Benson, Timothy J. Santoli, Helen Huang
Read about proposed Treasury regulations that provide guidance on the application of the stock buyback excise tax to redemptions and M&A transactions.
Tax Court Case Watch: Tax Court Considers the Application of the Self-Employment Tax Rules to Investment Funds
July 24, 2023 | Alert | By Timothy J. Santoli
Read about pending cases docketed in the US Tax Court that are considering the application of the limited partner exclusion from self-employment tax when the limited partners in a state law limited partnership actively participate in the partnership’s business.
Tax Court Confirms that Profits Interest Safe Harbor Should Apply to Tiered Partnership Structure
July 18, 2023 | Alert | By Timothy J. Santoli
Read about a recent US Tax Court decision confirming that taxpayers can benefit from the “profits interest” safe harbor, set forth in Revenue Procedures 93-27 and 2001-43, which holds that the issuance of such an interest in exchange for services that benefit a lower-tier entity that is or would become a partnership is not a taxable event.
The IRS Denies Tax Deduction for Common Sell-Side Success-Based Fees
July 11, 2023 | Alert | By Timothy J. Santoli, David Salamon
Read about an IRS private letter ruling, which held that success-based fees in an M&A transaction were incurred by a private equity sponsor rather than by the target. The decision denied the target’s late request for a Safe Harbor Election, which permits a tax deduction of 70% of the success-based fees.
New IRS Guidance Provides Clarification and Simplified Procedures for S Corporations, Including LLCs, to Address Common Missteps
October 24, 2022 | Alert | By Timothy J. Santoli, David Salamon
Read about new guidance from the IRS, Revenue Procedure 2022-19, which describes simplified procedures that allow S corporations to resolve frequently encountered missteps, often without requesting a time-consuming and costly private letter ruling.
News & Press
A Mintz Team led by New York Managing Member and Corporate Chair Stephen Gulotta Jr. advised Monomoy Capital Partners in their investment in Southern Exteriors, a premier full-service installer of exterior building solutions. Learn more about the deal here.
Mintz Leads For Lido Advisors In Its Partnership With Colorado Financial Management
January 17, 2023
BOSTON – Mintz has served as legal counsel to wealth-management firm Lido Advisors LLC, a Charlesbank Capital Partners portfolio company, in its partnership with Colorado Financial Management (CFM).
Mintz Announces New Member Growth
December 16, 2022
We're thrilled to announce the addition of 17 new Members to Mintz. Along with seven attorneys recently elevated to membership in the firm, we’ve welcomed ten lateral Members in 2022. They add depth to our experience and capabilities in life sciences, health care, financial services, private equity, sports & entertainment, technology, and other sectors.
Mintz’s Private Equity Practice Appoints New Leadership
November 17, 2022
Mintz has appointed Members Gregory Fine and Matthew T. Simpson to co-lead the Private Equity practice alongside current chair, Kurt Steinkrauss. The change is effective immediately.
Mintz Continues Expansion of Premier Tax Practice with Timothy Santoli
February 23, 2022
Recognition & Awards
Ranked by the Legal 500 United States for Non-Contentious Tax (2020)
Ranked by the Legal 500 United States for International Tax (2020)
Involvement
- Member, Tax Section, New York State Bar Association
- Member, USA Branch of the International Fiscal Association
- Member, Foreign Activities of US Taxpayers Committee, American Bar Association
- Member, US Activities of Foreigners and Tax Treaties Committee, American Bar Association
- Member, Tax Treaties Committee, Tax Section, American Bar Association
Recent Insights
A Mintz Team led by New York Managing Member and Corporate Chair Stephen Gulotta Jr. advised Monomoy Capital Partners in their investment in Southern Exteriors, a premier full-service installer of exterior building solutions. Learn more about the deal here.
