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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
3G Capital to Acquire Controlling Interest in Hunter Douglas in $7.1 Billion Deal
- Client News
- December 30, 2021
Paul, Weiss is advising 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, will sell 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 has 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. Completion of the transaction is subject to antitrust approvals. Stibbe is serving as co-counsel to 3G on the deal.
The Paul, Weiss team includes 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 Rick Rule, and counsel Steven Herzog and Daniel Mason; environmental counsel William O'Brien; and antitrust counsel Marta Kelly.