Philip C. McDermott
Philip McDermott is an attorney in the Corporate & Securities practice of Jackson Walker’s Austin office, representing clients in an array of corporate, M&A, securities, investment funds and accounts, derivatives, and regulatory matters.
Over the course of his practice, Philip has established extensive experience counseling clients in the issuance of common and preferred equity, warrants, 144A and trust preferred securities, mezzanine debt offerings, tender offers, and exchange offers. He has acted as a trusted advisor to clients in the evaluation and execution of mergers, acquisitions, and reorganizations with transaction values ranging from $15 million to over $30 billion, and represents clients in fund formation, drafting and implementation of shareholder rights plans, secured and unsecured financing transactions, and various state-law corporate matters.
Prior to joining Jackson Walker, Philip served as senior vice president of a publicly-traded alternative asset management firm specializing in distressed and performing credit investments. In this role, Philip advised on corporate financing matters, including the issuance of common and preferred equity, offerings of debt securities, and matters relating to corporate credit facilities, in addition to counseling managed funds in select transactions including mergers, acquisitions, reorganizations, securities offerings, financing transactions, and related regulatory matters. Philip also acted as an advisor in general corporate matters, including litigation, compliance with sanctions laws, and other regulatory matters. Philip also provided legal advice to the board of directors with respect to public company matters and ongoing corporate matters.
A former analyst for a global investment bank, Philip has advised on multiple leveraged finance transactions, primarily for private equity clients and clientele in the gaming, lodging, and hospitality industries. He also worked with clients to construct detailed financial models in evaluation of the status quo and pro forma accounting, leverage, and tax implications for leveraged buyouts, acquisitions, and corporate finance transactions.
B.A., cum laude, Claremont McKenna College
J.D., with honors, The University of Texas School of Law
- Member, Texas Law Review
Philip regularly represents clients in a range of corporate matters, including:
- Represented a global asset management firm in mergers, acquisitions, reorganizations and strategic investments, including the pending acquisition of 62% of the company by affiliates of another major asset management company.
- Acted as lead counsel to a global asset management firm in its proposal to sponsor a plan of reorganization for a bankrupt investment adviser with approximately $2.2 billion under management.
- Negotiated and structured derivatives transactions on behalf of a global asset management firm and certain of its advised funds, including drafting transaction documentation and ongoing monitoring of regulatory developments.