| Biography:
Raj Tanden is a partner in the Tax Department of Proskauer Rose’s Los Angeles office. Mr. Tanden represents clients principally on domestic and international tax matters across a broad range of transactions, including private equity fund formation and investment, mergers and acquisitions, divestitures and spin-offs, capital markets and financial instruments, joint ventures, private placements, restructurings and real estate.
Mr. Tanden also represents clients on state and local tax matters, controversies, executive compensation and general tax planning. He has particular expertise in the taxation of pass-through entities, including partnerships, mutual funds and business development companies, real estate investment trusts, S corporations and like-kind exchanges. Mr. Tanden has been recognized as a “Southern California Super Lawyer” since 2006.
Mr. Tanden recently represented:
- The Gores Group in the purchase of preferredstock, common stock and warrants from Westwood One, Inc. (Feb. 2008)
- Arsenal Capital Partners in the sale of their portfolio companies, Vertellus Specialties to Wind Point Partners (Dec. 2007), Priority Solutions International to Thermo Fisher Scientific (Oct. 2007) and Renaissance Mark to Fort Dearborn Company (May 2007); the purchase of Charter Brokerage Holdings from Summit Park Partners and senior management (Feb. 2008) and the purchase of EF Products for its Introdynamics portfolio company (Dec. 2007) and Source Refrigeration and HVAC, Inc. from Valor Equity Management and Denargo Capital LLC (Feb. 2007); and its investment in First Again (Feb. 2008)
- Control Room in its sale of equity to InterMedia Partners (Nov. 2007)
- The family of Frank Sinatra in connection with the sale of a 50% interest in the legendary entertainer's intellectual property to and formation of the Frank Sinatra Enterprises joint venture with Warner Music Group (Nov. 2007)
- American Real Estate Partners, L.P., now Icahn Enterprises L.P., in its acquisition of Carl C. Icahn's interests in the management company to and general partners of the Icahn Funds for $1.9 billion (Aug. 2007)
- Ares Management in its sale of a portion of its equity stake in White Energy, Inc. (Aug. 2007)
- Grey Mountain Partners in the purchase of Genesis Worldwide (II), Inc. from KPS Capital Partners and Pegasus Partners (Sep. 2007) and the sale of Utex Industries, a portfolio company, to Audax Group (May 2007)
- 24/7 Real Media, a public company, in its $649 million acquisition by WPP Group (July 2007)
- Maidenform Brands, a public company, in a new $150 million credit facility (June 2007)
- The Lightstone Group in its $8 billion acquisition of Extended Stay Hotels from The Blackstone Group (June 2007)
- Ares Management in its sale of a minority interest valued up to $375 million (May 2007)
- Circle Peak Capital in its recapitalization of Fischbein LLC (May 2007) and acquisition, with Golden Gate Capital, of Rocket Dog (Feb. 2007)
- Jefferies & Company in its $100 million notes offering for Mastro’s Restaurants (May 2007) and its $115 million notes offering for Key Plastics (March 2007)
- Ares Capital Corporation in its purchase of a minority stake in Imperial Capital Group, LLC (May 2007)
- Pitney Bowes in its $408 million acquisition of MapInfo, a public company (April 2007), and $40 million acquisition of Digital Cement (May 2007)
- Capital Exchange, LLC in its public registration (March 2007)
- Ares Capital and Ontario Teachers’ Pension Plan in their $1.65 billion acquisition of General Nutrition Centers (March 2007)
- Glenborough Realty Trust, a public REIT, in its $1.9 billion acquisition by Morgan Stanley (Nov. 2006)
- Live Nation, a public company, in its $350 million acquisition of House of Blues (Nov. 2006)
- Dubai Investment Group in its acquisition (spring 2005) and disposition (spring 2006) of a $1.5 billion portfolio of residential apartments in the Southwest United States
- Dubai International Capital in its $1 billion acquisition of Doncasters Ltd. (May 2006)
- Inamed, a public company, in its $3.2 billion acquisition by Allergan (March 2006)
Prior to joining the Firm, Mr. Tanden was a partner of Morrison & Foerster’s Los Angeles office. He has been an adjunct professor at Golden Gate University School of Law and is a frequent author and speaker on various tax matters. Mr. Tanden speaks regularly at the University of Southern California (USC) Gould School of Law Tax Institute, the Practising Law Institute (PLI) Tax Strategies Conference and the American Bar Association Tax Section Meeting. Mr. Tanden has spoken at the National Association of Real Estate Investment Trusts (NAREIT) Law and Accounting Conference, the Investment Company Institute (ICI) Tax & Accounting Conference and the IMN Winter Forum Real Estate Opportunity & Private Fund Investing Conference. Mr. Tanden also has spoken at the 2007 New York University Institute on Federal Taxation and the Seattle Attorney-CPA Tax Clinic. In addition, he is a member of the Tax Advisory Group for the ICI, the Government Relations Committee and Federal Tax Subcommittee of NAREIT and the Executive Committee of the USC Tax Institute. Mr. Tanden chairs the Partnership/Real Estate Subcommittee of the USC Tax Institute.
Mr. Tanden has co-authored “Drafting and Negotiating the Tax Provisions of the Acquisition Agreement,” “Corporate M&A Transactions with REITs and REIT Conversions: Selected Issues,” “Taxation of Real Estate Investment Trusts,” “Application of the COBE and Substantially All Requirements to Tax-Free Reorganizations of RICs: The IRS Issues New Private Letter Rulings” and “Forming the Joint Venture and Corporate Tax Shelters” for the PLI and others. He also has co-authored “Supreme Court Rules That Contingent Fees Paid to Attorneys Are Taxable to the Client” for Bender’s Labor and Employment Bulletin (March 2005).
Mr. Tanden received his LL.M. from New York University School of Law, his J.D. from the University of Southern California Gould School of Law and his B.S. from the University of Southern California Leventhal School of Accounting.
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