Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
Paul, Weiss Advises KKR-Led Consortium in $1.6 Billion Tender Offer to Take Yageo Private
Paul, Weiss has acted as lead counsel to a consortium consisting of our client KKR and the founder and CEO of Yageo Corporation in the launch of a tender offer to acquire 100 percent of the shares of Yageo, valued at $1.6 billion, in connection with a proposed leveraged buyout of the company.
The offer, announced yesterday, will be followed by a merger to take the company private, and the transaction will be financed by equity from the consortium members and secured debt arranged by UBS and Nomura. Yageo is an electronic components manufacturer that is listed on the Taiwan Stock Exchange. The transaction would be the biggest private equity buyout in Asia so far this year, according to Thomson Reuters.
The Paul, Weiss team, which advised on the acquisition and financing arrangements, includes corporate partners John E. Lange and Xiaoyu Greg Liu, tax partner Jeffrey B. Samuels and corporate counsel Richard S. Elliott.