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.
TPG Capital, Oaktree Capital and JH Investments to Buy Taylor Wimpey North American Unit for Approximately $1 Billion
As reported by The Wall Street Journal, The New York Times Dealbook, CNBC.com and other media outlets, Paul, Weiss clients TPG Capital, Oaktree Capital Management and JH Investments have agreed to purchase the North American subsidiaries of U.K.-based home builder Taylor Wimpey for approximately $1 billion.
Wimpey, the United Kingdom's second-largest home builder, will use the proceeds from the sale to relieve debt and refocus his business in the U.K. The transaction is expected to close in May, pending approval by shareholders.
The Paul, Weiss team involved in the transaction includes, among others, M&A partners Matthew W. Abbott and Kenneth M. Schneider and counsel Didier Malaquin; finance partner Thomas de la Bastide and counsel Christopher T. Poggi; intellectual property partner Charles H. Googe Jr.; securities partner Edwin S. Maynard; real estate partner Mitchell L. Berg; tax partner David W. Mayo; employee benefits partner Robert C. Fleder and counsel Erin Murphy; and environmental partner Gaines Gwathmey.