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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.
Shred-it to Be Acquired by Stericycle for $2.3 Billion
- Client News
- July 15, 2015
Stericycle, Inc. announced that it has entered into a definitive agreement to acquire privately held Shred-it International, a portfolio company of Paul, Weiss client Birch Hill Equity Partners Management Inc., for $2.3 billion in cash. The transaction has been unanimously approved by the boards of directors of both companies. Upon closing, expected in the fourth quarter of 2015, Shred-it will become a wholly owned subsidiary of Stericycle.
Stericycle, which is a U.S.-based company operating in 13 countries, focuses on compliance and related services by providing solutions that protect people and brands, and promote health and safeguard the environment. Shred-it is a Canada-based secure information destruction services provider.
The Paul, Weiss team included corporate partners Matthew Abbott, Adam Givertz and Monica Thurmond and counsel Didier Malaquin; and tax partner Scott Sontag and counsel Alyssa Wolpin.