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Ziemowit Smulkowski

Partner, Tax Department

ziemowitsmulkowski@paulhastings.com

Chicago

Phone: +1-312-499-6056
Fax: +1-312-499-6156

Overview

Ziemowit Smulkowski is a partner in the Tax practice at Paul Hastings in the Chicago office. Ziemowit concentrates his practice in U.S. federal income tax issues related to all aspects of private equity backed investments, mergers and acquisitions, venture capital funds, real estate transactions, and management compensation. He works extensively with the firm’s Finance, Financial Restructuring, Mergers & Acquisitions and Private Equity practices.

Ziemowit’s representative transactions include acquisitions and dispositions of businesses for both financial and strategic investors, cross-border investments, formation of investment vehicles and financial restructurings for both borrowers and lenders. He has successfully represented numerous private equity funds, senior and mezzanine lenders, sellers of closely held businesses and management teams in connection with the acquisition or disposition of their employers. 

Prior to joining the Firm in 2010, Ziemowit worked in the Chicago offices of a multinational law firm for over twelve years and before that Coopers and Lybrand LLP (now known as PricewaterhouseCoopers).

Accolades

  • Chambers USA, Tax (2017-2025)

Education

  • Northwestern University School of Law, J.D., 1996
  • Loyola University Chicago, B.A., 1993

Representations

  • A Fortune 100 Company on various transactions, including:
    • Divestiture of a healthcare technology business to a SIX Swiss Exchange-listed company;
    • Acquisition of a supplier of innovative manufacturing technologies in the biopharmaceutical industry;
    • Divestiture of a medical records related software developer; and
    • Divestiture of a Class II medical device designer, developer and manufacturer.
  • A private equity fund in acquisition of a medical device company that develops, manufactures and markets innovative hemostatic agents.
  • A private equity fund in acquisition of a leading emergency care and response training organization.
  • A private equity fund in acquisition of producer of upscale chocolate confectionery products.
  • A private equity fund in acquisition of provider of rehabilitative therapy services to patients residing in long-term care and similar facilities.
  • A private equity fund in an investment in a Shanghai-based postpartum recovery and wellness centers.
  • A clinical and specialty pharmacy in sale to private equity fund.
  • A mental health and drug/alcohol outpatient counseling and therapy business in a divestiture to private equity fund.
  • Pfingsten Partners in connection with:
    • Bailey International's acquisition of Sure Grip Controls;
    • Its acquisition of Burton Saw and Supply;
    • Its sale of Hy-Bon Engineering Company;
    • Its acquisition of Des-Case Corporation;
    • Its acquisition of Bailey International;
    • Its sale of Garretson Resolution Group;
    • Its acquisition of Midwest Products & Engineering;
    • Its acquisition of SII Recreational Products;
    • Its acquisition of TPC Wire & Cable;
    • Its acquisition of FireKing Security Group;
    • Its sale of AllPoints;
    • Its sale of Hy-Bon Engineering Company, Inc.;
    • Its sale of Powervar, Inc.;
    • Its sale of Curt Manufacturing;
    • Its sale of Marlen International;
    • Its sale of Tropitone Furniture;
    • Its sale of Garretson Resolution Group;
    • Its acquisition of Dynapower Company LLC;
    • Its acquisition of Industrial Lighting Products, Inc.;
    • Its acquisition of Des-Case; and
    • Its acquisition of ZSI-Foster.
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  • Madison Capital Partners in connection with:
    • Its acquisition of Money Mailer;
    • Its sale of Krauss Maffei; and
    • Its sale of CoAdvantage.
  • Beecken Petty O’Keefe & Company in connection with:
    • Its sale of Reichert Technologies;
    • Its acquisition of Preferred Homecare;
    • Its purchase of himagine solutions from Kforce Inc.;
    • The sale of ISG Holdings, Inc.;
    • Its sale of Med Group;
    • Its purchase of Maxor National Pharmacy Services Corp.;
    • Its purchase of Paragon Medical, Inc.; and
    • The purchase and sale of Sunrise Senior Living, Inc. by BPOC and KKR.
  • Cortec Group in connection with:
    • Its acquisition of Urnex Brands;
    • Barcodes LLC's acquisition of OCR Canada, Ltd;
    • Canadian Hospital Specialties' acquisition of Inter V Medical;
    • Its acquisition of Canadian Hospital Specialties;
    • Its sale of Performance Health & Wellness Holdings;
    • Its acquisition of Cranial Technologies;
    • Its sale of Performance Health & Wellness Holdings; and
    • Its acquisition of Canadian Hospital Systems, Inc.
  • Baird Capital in connection with its acquisition of Kason Corporation.
  • May River Partners in connection with:
    • Its acquisition of Hi-Tech Manufacturing, LLC;
    • Its acquisition of GCM Medical & OEM Inc.; and
    • Its acquisition of Pride Engineering LLC.
  • Victory Park Capital in connection with the restructuring of, and investment in, Mi Pueblo Foods.
  • Filtration Group, a Madison Capital Partners portfolio company, in connection with:
    • Its acquisition of Clear Edge Filtration;
    • Its acquisition of Porex;
    • Its acquisition of Buffalo Filter;
    • Its acquisition of AG Industries;
    • Its acquisition of Air Flow Technology, Inc.; and
    • Its acquisition of Jonell Filtration Products, Inc.
  • Madison Industries in the acquisition of Ferry Industries.
  • Japan-based Misumi Group Inc. in the acquisition of Dayton Progress Corporation.
  • OAD Orthopaedics, Ltd. in its sale to Cadence Health.
  • ATI Physical Therapy, a KRG portfolio company, in connection with:
    • Its acquisition of Apple Physical Therapy; and
    • Its acquisition of Spinal & Orthopedic Rehabilitation.
  • D4C Dental Brands, a dental practice management company, in connection with over 10 acquisitions.
  • Bankrate, Inc. (NYSE: RATE) in connection with:
    • Its acquisition of Wallaby Financial Inc.; and
    • Its acquisition of Caring, Inc.
  • HIG Capital in connection with:
    • Its acquisition of Onyx Financial;
    • Its acquisition of Brainworks Software;
    • Its acquisition of Tax Defense Network;
    • Its sale of Vaupell Industries; and
    • Its sale of American Hardwoods.
  • Endeavour Capital in connection with its acquisitions of Neverblue Media.
  • TriplePoint Capital in connection with its investment from Wafra Capital.
  • General Catalyst Partners in connection with its related acquisitions by, and sale of, CLEAResult Consulting.
  • Wolters Kluwer Health in its $150 million acquisition of Learner’s Digest International, LLC.

News

Accolades

Insights

Involvement

  • Mr. Smulkowski has co-chaired, and spoken at, the Practicing Law Institute's Pocket MBA:  Finance for Lawyers and Other Professionals seminar since 2010.
  • Mr. Smulkowski is a frequent speaker on tax related matters.
  • Mr. Smulkowski serves on the Board of Trustees of Holy Trinity High School.

Practice Areas

Tax

Private Equity

Sponsor Finance


Languages

Polish

English


Admissions

Illinois Bar


Education

Northwestern Pritzker School of Law, J.D. 1996

Loyola University Chicago, B.A. 1993