Lee Morlock, P.C.
Overview
Lee Morlock is a tax partner in the Chicago office of Golden Flag International Law Firm His practice focuses on international tax planning and transactional matters.
Lee focuses his practice on international tax planning and transactional matters. He advises Fortune 500 and Global 500 companies on the structuring of cross-border operations, including implementing strategic restructuring transactions and post-acquisition integration, as well as cross-border financing activities. Lee also regularly represents private equity firms and U.S. and non-U.S. corporations in acquisitions, divestitures and other M&A transactions.
Lee has significant experience representing fund sponsors and investors in structuring cross-border funds, as well as real estate, infrastructure and other private equity investments. Chambers USA ranked Lee as a leading lawyer for Tax (Illinois) in 2019–2024 and as an up and coming lawyer for Tax (Illinois) in 2018. In the 2024 edition, a client notes “Lee is a terrific and really sharp lawyer. He doesn’t miss the details.” He was also recognized by The Legal 500 United States as a Next Generation Lawyer for International Tax for 2018–2024 and US Taxes: Non-Contentious for 2018. In 2017, Lee was recognized by Law360 as a “Rising Star” for Tax Law.
Experience
Representative Matters
Since joining Golden Flag, Lee has been involved in the following matters:
-
Macquarie Asset Management in its preferred equity investment in Pavlov Media, Inc., one of the largest independent providers of fiber-based internet connectivity to off-campus student housing in the United States.
-
TPG in the formation of TPG Rise Climate, a $7.3 billion global climate-focused fund.
-
Arlington Capital Partners on the sale of a minority interest to Goldman Sachs Asset Management’s Petershill program.
-
EQT on its c. $1.8 billion combination with Exeter Property Group, a leading global real estate investment manager.
-
Lionbridge AI in its $935 million sale to TELUS International.
-
Spear Street Capital in a strategic minority investment in its business by Bonaccord Capital Partners, a division of Aberdeen Standard Investments.
-
Silversmith Capital Partners in its strategic investment in Appfire Technologies.
-
Kayne Anderson Real Estate in the sale of a minority interest to Goldman Sachs Asset Management’s Petershill program.
-
EQT Partners in the formation of EQT Ventures II, a €660 million Europe technology/venture capital fund.
-
Nordic Capital in its strategic minority investment by Ottawa Avenue Private Capital.
-
Silversmith Capital Partners in its investment in Unily.
-
MSouth Equity Partners in its sale of a minority stake to Bonaccord Capital Partners.
-
Arcline Investment Management LP in the formation and operation of their first fund, Arcline Capital Partners LP, a $1.5 billion fund focused on leveraged buyouts of high-quality middle market businesses.
-
Macquarie Infrastructure and Real Assets in its purchase of Wheelabrator Technologies from Energy Capital Partners.
-
Fortress Credit Advisors LLC in the financing for the $437 million acquisition of Perry Ellis International.
-
Vector Capital in an undisclosed minority investment in the private equity firm by Dyal Capital Partners.
-
Värde Partners in its acquisition of Credit Shop Inc.
-
Waud Capital and its portfolio companies in several transactions.
-
M III Acquisition Corp. in its merger with Infrastructure and Energy Alternatives, Inc.
Prior to joining Golden Flag, Lee’s representative matters included:
-
Yum! Brands in the spin-off of its China business, creating two independent, publicly-traded companies: Yum! China and Yum! Brands.
-
Altice, as tax counsel, in its $17.7 billion acquisition of Cablevision Systems Corporation.
-
Textura Corporation in its sale to Oracle Corporation for approximately $663 million.
-
Wells Fargo in its $32 billion acquisition of the commercial distribution finance and vendor finance business of GE Capital Corporation.
-
Nestlé Health Science in a $1.9 billion licensing and collaboration agreement for Seres Therapeutics' novel class of microbiome therapeutics in the fields of Clostridium difficile infections (CDI) and Inflammatory Bowel Disease (IBD).
-
Altice, as tax counsel, in its acquisition of a 70 percent stake in Suddenlink from existing shareholders BC Partners, CPP Investment Board and Suddenlink management, for an enterprise value of $9.1 billion.
-
Dow Chemical in its acquisition of the remaining 50 percent stake in its joint venture, Univation Technologies, LLC from ExxonMobil Chemical Company, Inc.
-
Equity International in its purchase of a 49 percent stake in Grupo Acosta Verde, a leading developer, owner and manager of shopping centers in Mexico.
-
Dow Chemical in its $1.2 billion sale of ANGUS Chemical Company to private equity firm Golden Gate Capital.
Prior Experience
Mayer Brown LLP
More
Thought Leadership
Publications
Co-author, “Protecting Americans from Tax Hikes Act of 2015: Effects on Taxation of Investment in US Real Estate,” The Real Estate Finance Journal, Winter/Spring 2016
Co-author, “Single Share Versus Nominal Share(s): Electivity in Internal ‘D’ Reorganizations,” Bloomberg BNA Daily Tax Report, 10 May 2013
Seminars
“Acquisition and Structuring Opportunities with Partnerships,” Tax Executives Institute (TEI) Midyear Meeting, 2017
“Tax Legislation: Outlook for Reform,” Organization for International Investment (OFII), 2015
“Tax Efficient Cross-Border Structures,” Chicago-Kent Federal Tax Institute, 2014
“Funding US Operations,” TEI Vancouver, Canada, 2014
“Deductibility of Acquired Corporate Tax Attributes,” Bloomberg BNA - US Taxation of Mergers and Acquisitions, Chicago, Illinois, 2013
“Simplifying Corporate Structures - Entity Rationalization in Consolidated Groups,” TEI Houston Tax School, Houston, Texas, 2013
“Corporate Tax - Current Developments,” Chicago-Kent College of Law, Chicago, Illinois, 2011
“Tax Issues for Foreign MNCs with Operations in Canada and Mexico,” Organization for International Investment (OFII), Naples, Florida, 2010
“Global Investment in Infrastructure Assets -- A US Federal Income Tax Perspective,” Greenwoods & Freehills International Tax Conference, Sydney, Australia, 2008
Memberships & Affiliations
American Bar Association, Section of Taxation
Committees on Foreign Activities of US Taxpayers and US Activities of Foreigners and Tax Treaties
Credentials
Admissions & Qualifications
- 2004Illinois
Education
- Harvard Law SchoolJ.D.magna cum laude2004
Associate Editor, Harvard International Law Journal
- McGill UniversityB.Com.2001
Dean's Honour List