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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.
Apollo Funds to Acquire Arconic in $5.2 Billion Deal
- Client News
- May 4, 2023
Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, Inc. in their take-private acquisition of Arconic Corporation, a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products. The all-cash transaction is valued at approximately $5.2 billion including debt. The transaction includes a minority investment from funds managed by affiliates of Irenic Capital Management.
Under the terms of the agreement, Arconic stockholders will receive $30 per share. The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including approval by Arconic shareholders and regulatory approvals.
The Paul, Weiss team is led by M&A partners Brian Scrivani and Taurie Zeitzer, and includes finance partners Brian Kim, Paul Sandler, Manuel Frey and Gregory Ezring; executive compensation partners Jarrett Hoffman and Lawrence Witdorchic; tax partner Brad Okun and counsel Sohail Itani; litigation partners Andrew Finch and Elizabeth Sacksteder, and counsel Daniel Levi, Peter Jaffe, Daniel Sinnreich and Robert Kravitz; intellectual property partner Charles Googe and counsel Marisa Geiger; private funds partners Matthew Goldstein and Robert Tananbaum; capital markets partners Tong Yu and Brian Janson; real estate partner Peter Fisch; investment funds counsel Lisa Koff and Jeremy Larkins; and antitrust counsel Marta Kelly.