ProfessionalsSuhan Shim
Tel: +1-212-373-3244
Fax: +1-212-492-0244
sshim@paulweiss.com
sshim@paulweiss.com
1285 Avenue of the Americas
New York,
NY
10019-6064
Fax: +1-212-492-0244
A partner in the Corporate Department, Suhan Shim is a member of the Finance Group. Suhan’s practice covers a wide variety of finance matters, including acquisition financings, distressed financings and fund-level financings. Suhan has particular experience in a wide range of acquisition financing matters for private equity and public company clients, fund level subscription line and NAV facilities and both in- and out-of-court distressed financing matters, including liability management transactions.
EXPERIENCE
Suhan’s recent financing work for private equity sponsors includes the representation of:
- General Atlantic in the financing aspects of several transactions, including:
- its $12 billion acquisition of Actis, marking General Atlantic’s entrance into infrastructure investments
- alongside Stone Point Capital, their $1.65 billion take-private acquisition of HireRight Holdings Corp.
- the refinancing of a $1.75 billion term loan facility for Creative Planning, and $1.5 billion incremental term loan facility in connection with a strategic investment from TPG
- its $4 billion sale of EngageSmart and $2.1 billion sale of OneOncology to TPG and AmerisourceBergen Corporation, among others
- its investments in PT Solutions, Mobileeye, Coupa and Flohealth, among others
- its acquisitions of com, Iron Park Capital, Joe & the Juice, Arco, Plusgrade, Tripleseat, Fintech, Flint Group, Eventus WholeHealth, Equality Health and PANTHERx Rare, among others
- Roark Capital Group in the financing aspects of several transactions, including:
- the $11.3 billion acquisition of Dunkin’ Brands Group by Inspire Brands, a multi-brand restaurant owner and an affiliate of Roark Capital Group
- its $9.6 billion acquisition of Subway, a Connecticut-based fast food restaurant franchise
- its $1.6 billion acquisition of the ServiceMaster Brands businesses
- its acquisitions of Mathnasium, Divisions Maintenance Group, Two Men and a Truck, School of Rock, Nothing Bundt Cakes, Asset Living and Aftermath, among others
- KPS Capital Partners in the financing aspects of several transactions, including:
- its $3.45 billion acquisition of Oldcastle Building Envelope and $1.66 billion term loan B refinancing
- its $350 million acquisition of Tate & Lyle’s remaining equity ownership of Primient
- its €3.615 billion sale of Eviosys
- its acquisitions of Inmotics, Touch International and Catalyst Acoustics Group, and sale of IKG, among others
- Kohlberg & Company in the financing aspects of several transactions, including:
- alongside Mubadala Investment Company, its $3.1 billion acquisition of a majority stake in PCI Pharma Services
- its acquisition of a 50% stake in United States Infrastructure Corporation (USIC) for an enterprise value of $4.1 billion
- its acquisition of Myers EPS, Ob Hospitalist Group, United Digestive, Worldwide Clinical Trials, among others
- EQT in the financing aspects of several transactions, including:
- its acquisition of Lazer Logistics, a Georgia-based logistics company
- the acquisition by Lazer Logistics of Hirschbach Motor Lines’ spotting operations
- Brookfield Asset Management in the financing aspects of several transactions, including:
- its $1.5 billion strategic partnership with Castlelake, a Minnesota-based investment firm
- a $2.5 billion financing commitment in connection with its acquisition of Cyxtera and related properties, and the subsequent combination of Cyxtera with Evoque Data Center Solutions (n/k/a Centersquare)
- Berkshire Partners in the financing aspects of several transactions, including its acquisitions of FoodChain ID and Harvey Tool Company, among others
- The Carlyle Group in the financing aspects of its acquisition of Content Partners
- Brighton Park Capital in the financing aspects of its investments in TickPick, TheMathCompany and Impartner, among others and its acquisition of Relatient
Suhan’s recent financing work for public companies includes the representation of:
- Noble Corporation in the financing aspects of its $2.2 billion acquisition of Diamond Offshore Drilling
- IBM in the financing aspects of its sale of the Weather Company to Francisco Partners
- PRA Health Sciences in the financing aspects of its $12 billion sale to ICON
- Inhibrx in the financing aspects of its sale of INBRX-101 to Sanofi
- Churchill Capital Corp II, a special purpose acquisition company, in the financing aspects of its $1.5 billion acquisition of Software Luxembourg Holding S.A. (Skillsoft) and concurrent acquisition of Global Knowledge Training by Skillsoft
Suhan’s restructuring and liability management experience includes the representation of:
- Centerbridge in connection with a $750 million “pari plus” private financing to Sabre Corp. and subsequent FILO Facility
- An ad hoc group of noteholders in the financing aspects an out-of-court recapitalization and restructuring of Maxeon Solar Technologies, Inc.
- iHeartMedia in its financing activities, including multiple debt exchange and refinancing transactions, and in the financing aspects of its chapter 11 cases and $3.95 billion exit credit facilities
- Murray Energy in its financing activities, including its $350 million DIP financing
- An ad hoc group of noteholders in the financing aspects of the chapter 11 cases of Quorum Health Care Services and its junior DIP financing
- Sungard Availability Services in the financing aspects of its chapter 11 cases and exit financing, which received chapter 11 approval in less than 20 hours
- Sagard Capital in the financing aspects of its chapter 11 cases of Performance Sports Group and its DIP financings, as well as a $375 million exit financing to support the acquisition of Performance Sports Group out of a 363 sale
Suhan’s fund level financing experience includes:
- A private equity buyout fund in connection with a $2.25 billion subscription line
- A private equity buyout fund in connection with a $1.0 billion multi-portfolio NAV facility
- A private equity buyout fund in connection with a £825 million NAV facility
- Various private equity buyout funds in connection with multiple single-asset and multi-portfolio NAV facilities, hybrid subscription lines, subscription lines and management company debt facilities
Prior to joining Paul, Weiss, Suhan’s financing work included the representation of:
- American Securities in connection with the financing aspects of its acquisitions of Presidio, Prince International, United PF Holdings and Belfor, among others
- Apax Partners in multiple bids and the financing aspects of its take-private of Trade Me, the largest internet auction and classified website operating in New Zealand
- Blackstone in multiple bids and the financing aspects of its acquisition of The Center for Autism and Related Disorders
- A consortium led by CC Capital in the financing aspects of its $6.9 billion acquisition of Dun & Bradstreet
- IMS Health in the financing aspects of its merger of equals with Quintiles
- Pamplona Capital in the financing aspects of its $5 billion acquisition of Parexel International
- Wyndham Worldwide in the financing aspects of its $1.95 billion acquisition of La Quinta Inns & Suites’ franchise and management businesses
Suhan served as an Articles Editor of the Columbia Business Law Review, and was a Harlan Fiske Stone Scholar.