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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 The New Home Company in Take-Private Transaction

Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, Inc. in their all-cash acquisition of The New Home Company, a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in California, Arizona and Colorado. Upon the completion of the transaction, The New Home Company will become a privately held company with an enterprise value of $338 million.

Under the terms of the agreement, Apollo funds will commence a tender offer to acquire all outstanding shares of the company for $9.00 per share in cash. Following the successful completion of the tender offer, Apollo funds will acquire all remaining shares not tendered in the offer through a second-step merger at the same price. The transaction will be financed with equity provided by the Apollo funds and, if required, a committed debt financing package. Closing of the transaction is subject to customary closing conditions and approvals.

The Paul, Weiss team includes M&A partners Taurie Zeitzer and Brian Scrivani and counsel John Godfrey; finance partners Gregory Ezring, Catherine Goodall and Brian Kim and counsel Gabriella Toossi; tax partner Brian Grieve; intellectual property partner Charles Googe; real estate partner Peter Fisch and counsel Manuel Lauredo; litigation partner Gregory Laufer; executive compensation partner Lawrence Witdorchic and counsel Ron Aizen; and investment funds counsel Caitlin Kelly

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