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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.
General Atlantic Invests $50 Million in Arco
- Client News
- November 18, 2021
Paul, Weiss is advising General Atlantic in its $50 million strategic investment in Arco Platform Limited, a Brazil-based educational software company, alongside a $100 million investment by Dragoneer Investment Group LLC. Under the terms of the agreement, GA and Dragoneer will purchase of convertible senior notes at a conversion rate equivalent to $29 per share of Arco class A common shares, subject to customary closing conditions. The convertible notes mature in 2028 and bear interest at 8% per year fixed in Brazilian reals. Upon completion of the transaction, GA will own approximately 2.8% of Arco’s total shares on an as-converted basis.
The Paul, Weiss team includes corporate partners Matthew Abbott, Christopher Cummings and Adam Wollstein; tax partner Lindsay Parks; and antitrust counsel Marta Kelly.