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 to Acquire Joe & the Juice
- Client News
- November 13, 2023
Paul, Weiss advised General Atlantic in its acquisition of a majority stake in Joe & the Juice, a fast-growing freshly-made juice, coffee and sandwiches concept, from Valedo Partners. Under the terms of the transaction General Atlantic will become majority control shareholder of the company and Valedo Partners will fully exit its investment. Financial terms of the deal were not disclosed.
General Atlantic first partnered with Joe & the Juice through a strategic minority growth investment in 2016; Joe & the Juice has since quadrupled its revenue profitably and doubled its store footprint. Joe & the Juice plans to leverage its expanded partnership with General Atlantic to further accelerate the growth of its global footprint in key international markets, capitalize on strong customer demand and extend its digital distribution channels. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions and regulatory approvals.
The Paul, Weiss team is led by corporate partners Matthew Abbott, Ian Hazlett and Kanesh Balasubramaniam, and includes partners David Carmona, Suhan Shim and Christopher Cummings, and counsel Kristiina Leskinen, Christian Kurtz and Nathan Mitchell; tax partners Robert Killip and Lindsay Parks; intellectual property partner Claudine Meredith-Goujon; executive compensation partners Jarrett Hoffman and Lawrence Witdorchic, and counsel Ron Aizen; and antitrust counsel Marta Kelly and Yuni Sobel.