Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
3G Capital Completes Acquisition of Controlling Interest in Hunter Douglas in $7.1 Billion Deal
- Client News
- February 25, 2022
Paul, Weiss advised 3G Capital in its acquisition of a 75% stake in Netherlands-based Hunter Douglas, the global market leader in window coverings and a major manufacturer of architectural products. Under the terms of the agreement, Hunter Douglas’s controlling shareholder, Ralph Sonnenberg, sold his shares in the company to 3G for €175 per ordinary share, implying an enterprise value of approximately $7.1 billion. The Sonnenberg family will continue to hold a 25% interest in Hunter Douglas.
Hunter Douglas’s board of directors entered into a separate agreement with 3G Capital and Ralph Sonnenberg to facilitate and secure a cash exit for all minority shareholders based on the same price.
The Paul, Weiss team included, among others, corporate partners Laura Turano and Scott Barshay; tax partner Jeffrey Samuels and counsel Kevin Colan; executive compensation partners Jarrett Hoffman and Jean McLoughlin; intellectual property partner Claudine Meredith-Goujon; litigation partners Geoffrey Chepiga, Jaren Janghorbani and counsel Steven Herzog and Daniel Mason; environmental counsel William O'Brien; and antitrust counsel Marta Kelly.