Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
General Atlantic Sells Stake in Oak Street Health in $10.6 Billion Acquisition by CVS Health
- Client News
- May 2, 2023
Paul, Weiss advised General Atlantic in the all-cash sale of its stake in primary care startup Oak Street Health to CVS Health. CVS Health acquired Oak Street’s outstanding shares for $39 per share, representing an enterprise value of approximately $10.6 billion; Oak Street is now part of CVS Health’s recently formed Health Care Delivery organization. General Atlantic, Newlight Partners and certain members of the Oak Street board of directors collectively held 45% of Oak Street’s common stock.
The Paul, Weiss team included corporate partners Matthew Abbott, Christopher Cummings and Ellen Ching and counsel Caitlin Kelly and Scott Grader; litigation partners Joshua Soven, Andrew Gordon, Andrew Finch, Randy Luskey and Jessica Carey; and antitrust counsel Marta Kelly.