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.
March 2018: Private Equity Digest
March 21, 2018 Download PDF
In this edition of the Paul, Weiss Private Equity Digest, we discuss the complex issues that can arise when parties in private transactions negotiate how to split transaction tax deductions, as illustrated by the recent Delaware decision in LSVC Holdings, LLC v. Vestcom Parent Holdings, Inc.
In market news, private equity fundraising, exit and M&A activity are down by almost every measure for the month of February as compared to January. Fundraising dropped from 23 funds closed in January to only 9 funds closed in February, with total dollars raised also dropping, though less precipitously, from $15.7 billion to $10.8 billion. Exits also fell, although by smaller percentages. The dollar volume of U.S. sponsor-related M&A deals declined sharply in February after hitting a 12-month high in January, contrasting with lower, but still robust, global sponsor-related M&A activity. The number of sponsor-related M&A deals showed similar declines.