SAN DIEGO – Pillsbury has hired Peter Elias as a new Tax partner in the firm’s San Diego office. Elias, who focuses on the structuring and implementation of tax-advantaged structures for a wide range of business and investment transactions, was previously a partner at Jones Day.

Elias has a broad transactional tax practice that includes M&A transactions involving corporations, LLCs and partnerships, real estate transactions including REITs, fund formation and related transactions involving private equity, real estate and other investment entities, and inbound investment strategies for offshore investors. In addition, Elias often leads transactions involving partnerships and LLCs because of their tax complexity and has extensive experience with the tax issues facing emerging companies.

“With his deep and broad background, Pete will well serve the transactional tax needs of our clients in Southern California and throughout the U.S.,” said James Chudy, head of Pillsbury’s Tax practice. “His arrival enhances our busy emerging company practice nationwide and boosts our firmwide real estate offering, especially for the many REITs and funds we represent globally. Plus, he’s a genuine team player and a great cultural fit for the firm.”

Pillsbury’s overall deal volume has been surging, with the firm repeatedly placing among the world’s most active for M&A, Capital Markets and Private Equity transactions in recent months. These results include extensive work on behalf of REITs and Private Equity, as well as fund formation clients looking to invest.

“I was drawn to Pillsbury because of its global transactional tax strength in general and its outstanding reputation with three key constituencies of my practice: real estate investors, investment funds and emerging growth companies,” Elias said. “I have known the folks at Pillsbury in San Diego for many years and look forward to partnering with them to serve the increasingly sophisticated tax needs of our clients.”

Pillsbury provides strategic tax counsel to businesses across industries and throughout their life cycles, helping clients minimize their tax exposure when structuring and negotiating business transactions and relationships. Combining decades of experience and deep technical knowledge, Pillsbury offers cost-effective advice and cutting-edge solutions that limit tax exposure in all types of transactions and advantageously position our clients in an extremely complex tax environment.