What were some of your most satisfying successes of the past year, and why? The recent sale of Oak Street Health (OSH) to CVS is one highlight. It demonstrates that even in a challenging M&A environment, buyers are willing to pay significant premiums for unique assets that can provide immediate scale, especially in consolidating industries. The incredible team at OSH had a vision of bringing affordable healthcare to underserved communities. They executed it to perfection, which culminated in a sale to CVS for $10.6 billion.

Another highlight has been working with clients to find creative ways to plug the lack of available financing. Whether by structuring deals to ensure portability of existing debt, or navigating equity rollovers by existing stockholders, there are no easy deals in this market, and their highly bespoke nature makes for a very rewarding process. A prime example is our representation of Vista on its acquisition of Citrix Systems for $16.5 billion (together with Elliott), and the simultaneous combination of Citrix with Vista’s portfolio company TIBCO, creating one of the world’s largest software providers.