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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.

Representative Engagements

  • Restaurant Brands International Inc. (RBI), a Canada-based quick service restaurant company and a portfolio company of 3G Capital, in its $1.8 billion acquisition of Popeyes Louisiana Kitchen, Inc., a Georgia-based quick service restaurant chicken concept.
  • Funds managed by affiliates of Apollo Global Management:
    • in its $1.55 billion investment in Athene Holding Ltd., a Bermuda-based retirement services provider;
    • and Protection 1, an Illinois-based home security company and portfolio company of such funds, in connection with their acquisition of ADT Corporation, a Florida-based leading provider of security services, for an aggregate transaction value (including the value of Protection 1) of approximately $15 billion;
    • alongside Ontario Teachers’ Pension Plan Board, in their acquisition of a majority of the outstanding equity interests in CareerBuilder, LLC, an Illinois-based end-to-end human capital solutions company;
    • in its $2.2 billion acquisition of ClubCorp, a Texas-based owner-operator of private golf and country clubs and private business clubs;
    • in their approximately $2.2 billion acquisition of Diamond Resorts International, Inc., a Nevada-based leader in the hospitality and vacation ownership interest industries;
    • in connection with the acquisition of Endemol, a television production and distribution company, and in connection with the joint venture involving Endemol and 21st Century Fox-owned Shine Group to create a leading global multi-platform content provider and in Endemol’s sale to Banijay Group, a France-based production company;
    • its approximately $1.6 billion acquisition of Outerwall, Inc., a Washington-based provider of automated retail solutions; and
    • in its approximately $4.3 billion take-private acquisition of Rackspace Inc., a Texas-based cloud-computing company.
  • ADT Inc., a leading provider of security, automation, and smart home solutions and a portfolio company of funds affiliated with Apollo Global Management, Inc., in a $450 million investment from Google in connection with the companies’ establishment of a long-term commercial partnership to create the next generation of smart home security offerings.
  • Birch Hill Equity Partners Management in the $2.3 billion sale of Shred-It International Inc., a Canada-based secure information destruction services provider, to Stericycle Inc., an Illinois-based medical waste management company.
  • Brookfield in its acquisition of a 50% stake of Clayton, Dubilier & Rice's ownership interest in BrandSafway, a Georgia-based provider of infrastructure services to industrial and commercial facilities with an enterprise value of $6.7 billion.
  • Brookfield Asset Management, Inc., a Canada-based asset management firm, and Simon Property Group, an Indiana-based retail real estate ownership, management and development company, in their acquisition of certain assets of J. C. Penney Company, Inc., in connection with J.C. Penney’s chapter 11 case.
  • Dean Metropoulos and family in connection with its sale, alongside funds managed by affiliates of Apollo Global Management, of Hostess Brands, a Missouri-based packaged food company, to Gores Holdings, Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC. The transaction will introduce Hostess as a publicly listed company under the name Hostess Brands, Inc., with an initial enterprise value of approximately $2.3 billion.
  • Caisse de dépôt et placement du Québec in:
    • its investment in Allied Universal, a Pennsylvania-based security services provider, valuing Allied Universal at more than $7 billion;
    • the approximately $6.7 billion acquisition of Sedgwick, a Tennessee-based provider of technology-enabled risk, benefits and integrated business solutions, by funds Carlye Group, CDPQ and Stone Point Capital from KKR; and
    • its $4.3 billion joint acquisition, with KKR, of USI Insurance Services, a New York-based insurance brokerage and consulting firm, from Onex Corporation, a Canada-based private equity firm, and its affiliates.
  • The Carlyle Group:
    • in its investment in Bonotel Exclusive Travel, a luxury inbound tour operator; and
    • as lead investor among a consortium of private equity firms, in a $3.7 billion leveraged buyout of Focus Media, a Chinese digital media and advertising agency.
  • Ply Gem Holdings, Inc., a North Carolina-based building products manufacturer and a publically traded portfolio company of CI Capital Partners, in its approximately $2.4 billion acquisition by Clayton, Dubilier & Rice, a New York-based private investment firm.
  • DS Services Holdings, Georgia-based bottled beverage services company, in its $1.25 billion sale to Cott Corporation, a Canada-based private label soft drink distributor, from Crestview Partners.
  • General Atlantic:
    • in its $870 million investment in Jio Platforms, a India-based telecommunications company;
    • as lead investor in a consortium, in its acquisition of, a China-based online classifieds marketplace, for an enterprise value of $8.7 billion;
    • as a selling shareholder of Engility Holdings Inc., a Virginia-based provider of integrated services for the U.S. government, in its $2.5 billion acquisition by Science Applications International Corp., a Virginia-based provider of services and solutions in the technical, engineering, intelligence, and enterprise information technology markets;
    • in its €1.02 billion acquisition, with Warburg Pincus, of a 50 percent stake in Santander Asset Management, the asset management unit of Spanish retail and commercial bank Banco Santander; and
    • in its $1.3 billion sale, with Kohlberg Kravis Roberts & Co. L.P., of portfolio company TASC, Inc., a Virginia-based provider of advanced systems engineering and advisory services, to Engility Holdings, Inc., a Virginia-based government services contractor.
  • eviCore healthcare, a South Carolina-based diversified medical benefits management solutions provider and a portfolio company of General Atlantic, in its $3.6 billion acquisition by Express Scripts Holding Company, a Missouri-based provider of integrated pharmacy benefit management services, from General Atlantic, TA Associates and Ridgemont Equity Partners.
  • Too Faced Cosmetics, a California-based global beauty brand and a portfolio company of General Atlantic, in its $1.45 billion acquisition by The Estée Lauder Companies Inc., a New York-based manufacturer and marketer of quality skin care, makeup, fragrance and hair care products.
  • Funds affiliated with KKR in its €1.8 billion acquisition of a 37.5% stake in FiberCop S.p.A., a new unit of Telecom Italia, an Italian-based telecommunications company.
  • An affiliate of KPS Capital Partners in:
    • the over $1 billion acquisition of Anchor Glass Container Corporation, a Florida-based manufacturer of premium glass packaging products and a portfolio company of KPS, by funds advised by CVC Capital Partners, a Luxembourg-based private equity and investment advisory firm, and BA Glass B.V., a Netherlands-based manufacturer of glass bottles in Europe;
    • its acquisition of TaylorMade Golf Company, a California-based manufacturer of high performance golf equipment and golf balls, from adidas AG;
    • its $1.3 billion sale of Waupaca Foundry, a Wisconsin-based supplier of iron castings to the automotive, agricultural and construction machinery industries, to Hitachi Metals; and
    • its $437 million cash sale of its portfolio company, WWRD Holdings Ltd., a United Kingdom-based provider of luxury home and lifestyle products sold worldwide under the Waterford, Wedgwood, Royal Doulton, Royal Albert and Rogaška brands, to Fiskars Corporation, a Finland-based supplier of consumer products for the home, garden and outdoors.
  • Oak Hill Capital Partners:
    • in its $1.43 billion acquisition of Berlin Packaging, a leading supplier of rigid packaging products and services in North America, from Investcorp;
    • in its $1.48 billion sale of its controlling interest in The Hillman Companies, a hardware and home improvement manufacturer and service provider, to affiliates of CCMP Capital Advisors; and
    • GI Partners and Wave’s management team in the $2.365 billion sale of Wave Broadband, a Washington-based provider of fiber and broadband services, to RCN Telecom Services, LLC, a New Jersey-based nationwide broadband service provider controlled by TPG.
  • Firth Rixson, a UK-based aerospace jet engine component provider, in its $2.85 billion sale to Alcoa, a Pennsylvania-based metals engineer and manufacturer, from Oak Hill Capital Partners and other shareholders.
  • Oaktree Capital Management:
    • as part of a consortium that included Apollo Global Management and Crestview Partners, in their $2.6 billion sale of a minority stake in Charter Communications to Liberty Media; and
    • in the $1.3 billion sale of JSA International, an aircraft leasing company, to Mitsubishi UFJ Lease and Finance.
  • An affiliate of Roark Capital in its:
    • portfolio company Inspire Brands, Inc.’s $11.3 billion acquisition of Dunkin’ Brands Group, Inc., the Massachusetts-based parent company of Dunkin’ and Baskin-Robbins; and
    • $1.553 billion acquisition of the ServiceMaster Brands businesses from ServiceMaster Global Holdings, Inc., a Tennessee-based provider of services to residential and commercial customers in the termite, pest control, health-based cleaning and restoration markets.
  • Sandler Capital Management in connection with the $2 billion sale of Xplornet Communications, a Canada-based broadband service provider and portfolio company of Sandler, to Stonepeak Infrastructure Partners.
  • Cast & Crew Entertainment Services, a California-based technology provider of software and services to the entertainment production industry and a portfolio company of Silver Lake, in its sale to The EQT VIII fund.
  • Wellspring Capital Management in its sale of portfolio company Checkers & Rally’s Restaurants, a quick-serve restaurant chain, to Sentinel Capital Partners.

Other significant Paul, Weiss Private Equity clients include: Centerview Partners, D1 Capital, Declaration PartnersGamut Capital ManagementKohlberg & Co., Ontario Teachers’ Pension PlanPalladium Equity Partners and Towerbrook Capital Partners.

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