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TPG Capital, Oaktree Capital Management and JH Investments Acquire Taylor Wimpey North American Unit
Paul, Weiss clients TPG Capital, Oaktree Capital Management and JH Investments completed the previously announced acquisition of U.K.-based home builder Taylor Wimpey's North American subsidiaries for approximately $1.2 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 Paul, Weiss team involved in the transaction, which closed on July 13, included, among others, corporate partners Matthew W. Abbott, Thomas de la Bastide III, Charles H. Googe Jr., Edwin S. Maynard and Kenneth M. Schneider, and counsel Didier Malaquin and Christopher T. Poggi; real estate partner Mitchell L. Berg and counsel Andrew S. Wurzburger; tax partner David W. Mayo; environmental partner Gaines Gwathmey; and employee benefits partner Robert C. Fleder and counsel Erin Murphy.