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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 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.