Ashley Thurman brings a versatile experience advising public and private company clients on a wide range of transactional and commercial matters across a variety of industries, including healthcare, life sciences, manufacturing, retail, hospitality, commercial services, entertainment, and information technology. Ashley’s practice focuses on mergers and acquisitions and investments transactions, including joint ventures, split-offs, equity financings, restructurings, stock and asset acquisitions, take-private transactions, add-ons and other strategic transactions. Ashley also advises clients on routine corporate and governance matters.
Thomson Reuters’ Super Lawyers recognized Ashley as a Rising Star in 2023 (Texas Rising Stars). She has also been named as one of 2023 D Magazine Best Lawyers in Dallas.
Mergers & Acquisitions
- Represented Cepton, Inc. in the take-private merger transaction with Koito Manufacturing Co., Ltd.
- Represented an airline holding company in the US$1.9 billion acquisition of a commercial US airline
- Represented Semtech Corporation, semiconductor, IoT systems and Cloud connectivity service provider, in the acquisition of Sierra Wireless, Inc., a Canadian multinational wireless communications equipment designer, manufacturer
- Represented a private equity backed car wash service company, in a combined minority investments transaction and restructuring of 30 subsidiaries through separate mergers across 3 states
- Represented a private equity backed service company, in the acquisition of over 20 add-on acquisition of elevator service and manufacturing companies
- Represented a private equity fund in the acquisition of dermatological and cosmetic practices in several states across the US
- Represented private equity firm in its sale of a leading IT managed service provider (MSP) franchisor to a middle-market private equity firm
- Represented a leading manufacturer of secure identity solutions in its acquisition of a privately held manufacturer of secure check-in kiosks, used primarily in military bases
- Represented a private family-owned flooring supplier in the sale to a private-equity backed commercial services company
- Represented a Tennessee electric cooperative in the acquisition of the electric distribution and transmission system of the City of Murfreesboro, Tennessee for approximately US$245 million
- Represented a Tennessee-based risk management and insurance company in the sale of certain of its assets to Hub International Limited, a leading global insurance brokerage
- Represented private equity fund in an add-on acquisition of an urgent care facility
- Represented a hospital system in its asset acquisition of a diagnostics center and formation of its practice management company
- Represented Warner Music Group in the sale of its stake in a Christian faith-based entertainment company based in Nashville, TN
- Represented NN, Inc. (Nasdaq: NNBR) in the acquisition of a private equity backed medical device manufacturer for US$375 million
- Represented LFM Capital in its acquisition of Fecon, a leading manufacturer of heavy-duty forestry mulching equipment and related accessories
- Represented a private equity fund in its acquisition of three child psychology and behavior specialist facilities in a number of states across the US
- Represented DeepMile Networks in a merger with another data analytics and technology company
- Represented Genesco (NYSE: GCO) in the sale of certain assets held in by its subsidiary, SureGrip Footwear, to Shoes For Crews, a leading designer and marketer of slip-resistant footwear worldwide
- Represented Adaptive3D, a premium resin supplier, in its sale to Desktop Metal, Inc. (NYSE: DM)
- Represented Advance Research Chemicals, Inc., a provider of solutions to basic and advanced chemical applications, in its sale to Inhance Technologies, LLC
- Represented private equity backed buyers in M&A transactions, including clients that carry out a series of acquisitions to consolidate servicers in the commercial building services industry
- Represented a manufacturer of piping isolation products in a sale to a private equity backed acquiror in Texas
Capital Markets
- Represented Liberty Media Corporation (Nasdaq: FWONA) in the split-off and delisting of its tracking stock corresponding to, and the public listing of, Atlanta Braves Holdings, Inc., a holding company of the Atlanta Braves baseball club (Nasdaq: BATRA, BATRK)
- Represented an international trading company in its US$30 million investment in and offtake arrangement with a US mineral exploration and mining company
- Represented Comstock Resources, Inc. (NYSE: CRK), a natural gas producer, in a US$965 million senior notes offering, a US$1.25 billion senior notes private placement and an underwritten public offering of common stock with net proceeds of approximately US$196.7 million
- Represented public business development companies registered under the 1940 Act, Gladstone Investment Corporation (NASDAQ: GAIN) and Gladstone Capital Corporation (NASDAQ: GLAD) in a series of underwritten public offerings of common and preferred stock and debt securities in an aggregate amount of approximately US$400 million as well as a series of redemptions of capital stock
- Represented public REITs Gladstone Commercial Corporation (NASDAQ: GOOD), and Gladstone Land Corporation (NASDAQ: LAND) in a series of underwritten public offerings of common and preferred stock in an aggregate amount of approximately US$265 million as well as a series of redemptions of capital stock
- Represented Ryman Hospitality Properties, Inc.(NYSE: RHP) in several private placements of debt securities and in its joint venture transaction for the development and construction of Gaylord Rockies Resort and Convention Center in Aurora, Colorado
- Represented Community Health Systems (NYSE: CYH) in the spin-off Quorum Health Corporation (NYSE: QHC), a 38-hospital portfolio and hospital management and consulting services business, including the related financing in connection with the spin-off for aggregate proceeds of US$1.2 billion - “Corporate & Strategic Deal of the Year (over $500MM)” at the 2016 M&A Advisor Awards 15th Annual Gala
- Represented i3 Verticals, Inc., provider of integrated payment and software solutions, in its initial public offering total net proceeds of US$92.5 million
Admissions
Bar Admissions
- Texas
- Tennessee
Education
- University of Tennessee College of Law, J.D.: cum laude; Dean’s List, Research Editor, Tennessee Journal of Race Gender & Social Justice; Staff Editor, Transactions: The Tennessee Journal of Business Law
- Vanderbilt University, B.A., Political Science
Honors & Awards
- Recognized in The National Black Lawyers Association’s Top 40 Under 40 (2019-2021)
Professional Activities
Memberships
- Pathfinder Program, Leadership Council on Legal Diversity (2021)
- American Health Lawyers Association
- National Bar Association
- J.L. Turner Legal Association
Board of Directors
- Southern Word, Inc.