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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.

Ares Management Makes Major Investment in OUTFRONT Media

Paul, Weiss is advising funds managed by Ares Management Corporation in their pending purchase, alongside Providence Equity Partners LLC, of $400 million in newly issued convertible preferred stock in OUTFRONT Media Inc. The preferred stock is convertible into shares of OUTFRONT Media common stock at a conversion price of $16.00 per share. On an as-converted basis, the $400 million offering, announced April 16, will represent approximately 14.8% of common shares outstanding. OUTFRONT Media is one of the largest outdoor media companies operating in the U.S. and Canada.

The Paul, Weiss team includes corporate partners Ellen Ching, Kenneth Schneider and Raphael Russo; tax partner David Sicular; employee benefits partner Andrew Gaines; and antitrust counsel Marta Kelly.

April 20, 2020

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