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Jenner & Block Partner Joseph P. Gromacki was recognized in the April issue of The American Lawyer magazine as one of 2007’s “Dealmakers of the Year.” Mr. Gromacki, who chairs the Firm’s Corporate Practice and also serves on the Firm’s Policy Committee, was among 2007’s “top transactions lawyers” and was one of the attorneys nationwide who “exemplified the changing face of dealmaking last year,” according to the magazine.
Mr. Gromacki was recognized for his representation of Sam Zell in the widely publicized $8.2 billion going-private transaction, in which the Tribune Company merged with an acquisition subsidiary of the Tribune Employee Stock Ownership Plan in a deal sponsored by Mr. Zell. Mr. Zell is now the chairman of the board and chief executive officer of the company, which is America’s largest employee-owned media company, operating businesses in publishing, interactive and broadcasting, including 11 daily newspapers, 23 television stations, and the Chicago Cubs baseball team.
In its profile on Mr. Gromacki, The American Lawyer noted that the Tribune privatization transaction received significant media attention in part because of its because of its “complex” and “unusual” structure involving an employee stock ownership plan in a deal of this size.
In addition to the Zell/Tribune matter, Mr. Gromacki also represented General Motors in its 2007 sale of its Allison Transmission business to The Carlyle Group and Onex Corporation for $5.6 billion. Mr. Gromacki has also represented GM in several of the world’s largest public offerings of securities, including GM’s 2007 offering of $1.5 billion of convertible debt securities and GM’s 2003 global offering of $17.9 billion of debt securities.
“We’re proud of Joe’s career-long exemplary work on behalf of his clients and pleased that American Lawyer has recognized his leadership of the Firm’s Corporate Practice in 2007,” said Jenner & Block Chairman Anton R. Valukas.