Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms on their most important mergers, acquisitions and takeover transactions.
Arco to Go Private Via $1.5 Billion Merger Deal With General Atlantic-led Consortium
- Client News
- August 10, 2023
Paul, Weiss is advising General Atlantic in the take-private transaction of its portfolio company Arco Platform Limited, a leading provider of software solutions for K-12 schools in Brazil. Under the terms of the deal, General Atlantic and Dragoneer Investment Group will acquire all of the outstanding shares of the company that are not held by GA, Dragoneer, the company’s founders or other rollover shareholders for a purchase price of $14 per share, a 55% premium over the unaffected trading price. The merger is expected to close during the fourth quarter of 2023 or the first quarter of 2024, subject to customary closing conditions.
The Paul, Weiss team is led by Matthew Abbott and Cullen Sinclair, and included corporate partners Christopher Cummings, Megan Spelman and Suhan Shim; tax partner Lindsay Parks; executive compensation partner Lawrence Witdorchic; litigation partner Jessica Carey and counsel Steven Herzog and Peter Jaffe; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; counsel Marta Kelly; and environmental counsel William O’Brien.