O’Melveny Worldwide

Ashley Thurman has a wealth of experience representing clients in connection with legal, transactional, and commercial issues across a variety of industries, including healthcare, life sciences, manufacturing, retail, hospitality, commercial services, entertainment, and information technology. Ashley’s practice focuses on representing private companies, both as acquirers and targets in middle- to lower-market M&A transactions as well as venture capital, private equity, and institutional investors in transactions throughout the US.

Ashley also counsels public company clients on general corporate governance and Exchange Act reporting requirements. She has also represented issuers and underwriters in capital markets transactions and other corporate finance transactions, including private placements, spin-offs, high-yield debt financing, and follow-on public offerings of debt and equity securities.

Mergers & Acquisitions

  • Represented a private equity fund in the acquisition of dermatological and cosmetic practices in several states across the U.S.  
  • Represented a Tennessee electric cooperative in the acquisition of the electric distribution and transmission system of the City of Murfreesboro, Tennessee for approximately $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 $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 U.S. 
  • Represented venture capital fund in its formation of a new venture and investment entity. 
  • 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 a health care company in its joint venture buyout transaction.
  • 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 Comstock Resources, Inc. (NYSE: CRK), a natural gas producer, in a $965 million senior notes offering, a $1.25 billion senior notes private placement and an underwritten public offering of common stock with net proceeds of approximately $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 $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 $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 $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 $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 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.