February 16, 2021

New M&A, Private Equity Partners Iliana Ongun and Aaron Stine Featured as Rising Stars in The Deal’s Movers and Shakers Column


Global Corporate partners Iliana Ongun and Aaron Stine, both part of Milbank’s 2021 partner class, were spotlighted in The Deal for their work on significant M&A and private equity transactions this past year.

Ms. Ongun was cited for her work advising Mood Media in connection with its entry into a merger agreement with affiliates of Vector Capital, as well as for her role in advising United States Steel Corporation (“U. S. Steel”) in connection with its acquisition of the remaining equity (50.1%) of Big River Steel for approximately $774 million. Milbank had previously advised U. S. Steel on its acquisition of a 49.9% ownership interest in Big River Steel in October 2019.

Ms. Ongun is also part of the Milbank team advising Hudson Executive Investment Corp., a special purpose acquisition company sponsored by Hudson Executive Capital LP, in connection with its entry into a merger agreement with leading digital behavioral healthcare company Talkspace. The combined company will operate as Talkspace and will have an initial enterprise value of $1.4 billion.

Mr. Stine was spotlighted for his role in advising accounts and entities advised by Apollo Global Management and its subsidiaries and a group of institutional investors on their entrance into a strategic relationship with Anheuser-Busch InBev SA/NV to acquire a 49.9% stake in Anheuser-Busch InBev’s US-based metal container plants for approximately US$3 billion. He was also cited for his role advising funds managed by Strategic Value Partners LLC and its affiliates on its acquisition of OmniMax International, Inc. and its subsidiaries.

Recently, Mr. Stine was part of the team that advised Ullico Infrastructure Fund in a definitive agreement to acquire GEP Bison Holdings, Inc., which owns 100% of the equity of Hearthstone Utilities, Inc., a holding company that owns and operates six natural gas local distribution companies across the United States. He was also part of the Milbank team that worked on a transaction named LatinFinance’s 2020 Private Equity Deal of the Year, the sale of Mexico’s Red de Carreteras de Occidente S.A.B. de C.V. to GIC and Abertis Infraestructuras, S.A.

To read the full article in The Deal’s Movers and Shakers column, click here.