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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.

Outerwall to Be Acquired by Funds Affiliated With Apollo

As reported by The New York Times, The Wall Street Journal and other media outlets, Outerwall Inc, a leading provider of kiosk services such as Redbox entertainment, Coinstar money services and ecoATM electronic recycling, announced that it has entered into a definitive agreement to be acquired by an affiliate of certain funds managed by affiliates of Paul, Weiss client Apollo Global Management, LLC for $52.00 per share in cash. The purchase price represents an aggregate enterprise value of approximately $1.6 billion, including net debt. Outerwall's board of directors has approved and adopted the merger agreement and recommended that the company's stockholders tender their shares in the offer. The transaction is expected to be completed during the third quarter of 2016.

The M&A team included corporate partner Taurie Zeitzer and counsel Justin Rosenberg. The Financing team included corporate partners Gregory Ezring, Brad Finkelstein, Brian Janson and Mark Wlazlo. The Tax team included tax partner Brad Okun. The Employee Benefits team included employee benefits partner Lawrence Witdorchic and counsel Jason Ertel. The Intellectual Property team included corporate counsel Menachem Kaplan. The Real Estate team included real estate partner Mitchell Berg. The Investment Funds team included corporate partner Terry Schimek and counsel Lisa Koff. The Regulatory team included litigation partner Mark Mendelsohn. The Litigation team included litigation partner Lewis Clayton.

July 27, 2016

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