H. Thomas Felix, III
Overview
Tommy Felix is a capital markets partner in the Los Angeles office of Golden Flag International Law Firm His practice focuses on the areas of corporate finance, securities regulation and corporate governance. He advises public and private companies, investment banks and private equity firms on a multitude of legal matters, including leveraged buyouts, debt and equity offerings, initial public offerings, mergers & acquisitions, special purpose acquisition companies (SPACs), cross-border transactions, securities law issues and stock exchange requirements.
Tommy has practiced in a variety of industries, including gaming, industrials, healthcare, retail, technology, telecommunications, transportation, life sciences and biotechnology.
Experience
Representative Matters
Since joining Golden Flag, Tommy has been involved in the following transactions:
Equity Offerings
- Ares Management Corporation (NYSE: ARES) in connection with its $357 million follow-on equity offering of Class A common stock
- Bain Capital in its $250 million minority growth investment in Sikich, a technology-enabled professional services company
- Health & Safety Institute, a portfolio company of Waud Capital Partners, in connection with its issuance of $300 million of preferred units
- Ares Management Corporation, a leading global alternative investment manager, in connection with its $100 million preferred stock investment in Vinci Partners Investments Ltd. (NASDAQ: VINP)
- Warburg Pincus in a $200 million preferred equity offering in connection with its acquisition of K2 Insurance Services, an independent specialty insurance program manager
- Onit, Inc., a portfolio company of K1 Investment Management, in connection with its issuance of $85 million of preferred stock
- Fortress Investment Group in connection with its preferred stock investment in PLBY Group, Inc. (NASDAQ: PLBY), a consumer lifestyle company and owner of the “Playboy” brand
- Blue Owl Capital Inc. (NYSE: OWL) in connection with a secondary offering by certain selling stockholders of $387 million of Blue Owl’s Class A common stock
- Knighthead Capital Management, LLC in connection with its preferred stock investment in ATI Physical Therapy, Inc. (NYSE: ATIP)
- BakeMark USA, a portfolio company of Clearlake Capital Group, in connection with its issuance of $85 million of preferred stock
- Mold-Rite Plastics, a portfolio company of Clearlake Capital Group, in connection with its issuance of $100 million of preferred stock
- Zywave, a portfolio company of Clearlake Capital Group, in connection with its issuance of $12 million of preferred stock
- symplr, a portfolio company of Clearlake Capital Group, in connection with its issuance of $80 million of preferred stock
- Blue Owl Capital Inc. (NYSE: OWL) in connection with a secondary offering by certain selling stockholders of $123 million of Blue Owl’s Class A common stock
High Yield and Investment Grade Debt Offerings
- Underwriters in connection with BlackRock TCP Capital Corp.’s $325 million offering of notes
- Blue Owl Capital, a leading asset manager, in its $750 million offering of senior notes
- Ares Management Corporation, a leading global alternative investment manager, in its registered offering of $500 million of senior notes
- Mobileum Inc., a portfolio company of H.I.G. Capital, in connection with its $30 million issuance of senior notes
- Fortress Investment Group in a $55 million senior notes investment in AURA Network Systems
- Clearlake Capital Group in a $400 million senior notes offering in connection with its acquisition of Intertape Polymer Group, a manufacturer of paper and film based pressure-sensitive and water-activated tapes, stretch and shrink films, protective packaging, woven and non-woven products and packaging machinery for industrial and retail use
- Guitar Center, Inc., a leading retailer of musical instruments, lessons, repairs and rentals in the United States, in connection with its add-on offering of $200 million aggregate principal amount of 8.500% Senior Secured Notes due 2026
- Ares Management Corporation, a leading global alternative investment manager, in its Rule 144A offering of $500 million of senior notes
- Clearlake Capital Group in a $625 million senior notes offering in connection with its acquisition of Springs Window Fashions
- ASP Unifrax Holdings, Inc., a Clearlake portfolio company and a manufacturer of high performance specialty materials used in industrial insulation, electric vehicles and filtration, among other products, in its $800 million secured notes offering, $400 million unsecured notes offering and $450 million preferred stock offering in connection with its acquisition of Lydall, Inc.
- Ares Management Corporation, a leading global alternative investment manager, in its Rule 144A offering of $450 million in Fixed-Rate Resettable Subordinated Notes
- Blue Owl Capital in its $700 million offering of senior notes
- Blue Owl Capital in its $400 million offering of senior notes
- Blue Owl Capital in its $350 million offering of senior notes
- TKC Holdings in its multi tranche offering of $1.1 billion senior notes and senior secured notes
Special Purpose Acquisition Company Transactions
- Ares Acquisition Corporation II (NYSE: AACT), sponsored by an affiliated investment vehicle of Ares Management Corporation, in its $500 million initial public offering
- L&F Acquisition Corp. in its $1.4 billion business combination with ZeroFox and IDX
- LiveVox in its merger with Crescent Acquisition Corp., a special purpose acquisition company
- Owl Rock Capital Group in a business combination agreement with Dyal Capital Partners and Altimar Acquisition Corporation, a special purpose acquisition company, to form Blue Owl Capital Inc., an alternative asset management firm
- Ares Acquisition Corporation (NYSE: AAC), sponsored by an affiliated investment vehicle of Ares Management Corporation, in its $1 billion initial public offering
Restructuring and Liability Management Transactions
- The Lycra Company and its subsidiaries in connection with a comprehensive settlement of its existing debt, including simultaneous consent solicitations in connection with substantial amendments to its existing euro- and dollar-denominated senior secured notes and associated transactions
- Wheel Pros and Clearlake Capital in connection with a comprehensive liability management transaction, including the exchange of approximately $272 million of Wheel Pros’ unsecured notes for new second lien notes and a corresponding covenant strip consent procedure
- The Lycra Company and its subsidiaries in connection with a comprehensive debt refinancing, including a refinancing of its existing senior secured notes and associated transactions
- NMC Healthcare ― Advising the joint administrators of NMC Healthcare LTD and certain subsidiaries in connection with its novel administration funding facility, non-core asset sales and the core group restructuring process (2021–2022)
- The Hertz Corporation ― Representation of Knighthead Capital Management, LLC and Certares Opportunities LLC in their successful $5.916 billion purchase of Hertz, one of the largest car rental companies in the world, out of its Chapter 11 cases, following a multi-month competitive auction. The transaction resulted in a recovery to existing equityholders of more than $8.00 per share, payment in full to all creditors, and an implied plan enterprise value of $6.929 billion
Public Mergers and Acquisitions
- Blue Owl Credit Advisors LLC, the investment adviser of Blue Owl Capital Corporation (NYSE: OBDC), and Blue Owl Diversified Credit Advisors LLC, the investment adviser of Blue Owl Capital Corporation III (NYSE: OBDE), on a definitive merger agreement between the two business development companies
- Blue Owl Capital Inc. (NYSE: OWL) in its pending acquisition the business of alternative credit manager, Atalaya Capital Management LP
- Blue Owl Capital Inc. (NYSE: OWL), in its acquisition of Kuvare Asset Management to create Blue Owl Insurance Solutions, and its $250 million preferred equity investment in Kuvare UK Holdings
- Blue Owl Capital Inc. (NYSE: OWL), in its acquisition of Prima Capital Advisors, to create Blue Owl’s Real Estate Finance Strategy
- Blue Owl Capital Inc. (NYSE: OWL), in partnership with GIC, in connection with their joint acquisition of STORE Capital Corporation (formerly NYSE: STOR)
- Crescent Capital BDC, Inc. (NASDAQ: CCAP) in connection with its acquisition of First Eagle Alternative Capital BDEC, Inc. (formerly NASDAQ: FCRD)
SEC Compliance, Disclosure and Corporate Governance
- Ares Management Corporation (NYSE: ARES)
- Blue Owl Capital Inc. (NYSE: OWL)
Prior to joining Golden Flag, Tommy was involved in the following matters:
- Palomar Holdings, Inc. in connection with its $97 million initial public offering
- Underwriters in connection with the $102 million initial public offering of Greenlane Holdings, Inc.
- Underwriters in connection with the $530 million initial public offering of VWR Corporation
- Iovance Biotherapeutics, Inc. in connection with its $525 million follow-on equity offering
- Halozymeme Therapeutics, Inc. in connection with its offering of $805 million convertible senior notes
- Initial purchasers in connection with the offering of $1.9 billion senior notes and €1.3 billion senior notes by Netflix, Inc.
- Initial purchasers in connection with the offering of $300 million senior notes by Flexi-Van Leasing, Inc.
- Initial purchasers in connection with the offering of $600 million senior notes by The Brink’s Company
- Initial purchasers in connection with the offering of $450 million senior notes by Match Group, Inc.
- Initial purchasers in connection with the offering of $250 million senior notes by TMS International Corporation
- Underwriters in connection with the offering of $500 million senior notes by QEP Resources, Inc.
- Initial purchasers in connection with the multi tranche offering (including dollar and euro-denominated notes) of over $4.0 billion senior notes and senior secured notes by Avantor, Inc.
- Initial purchasers in connection with the offering of $600 million senior notes by CDK Global, Inc.
Prior Experience
Cahill Gordon & Reindel LLP, 2013–2018
DLA Piper LLP (U.S.), 2018–2021
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Memberships & Affiliations
Member, The Century Club of San Diego
Credentials
Admissions & Qualifications
- 2019California
- 2014New York
Education
- The George Washington University Law SchoolJ.D.with Honors2013The George Washington International Law Review
- Cornell UniversityB.S., Industrial and Labor Relations2010