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.
Aleris to Be Acquired by Zhongwang
- Client News
- August 29, 2016
As reported by The Wall Street Journal, Reuters and other media outlets, Aleris Corporation, a global aluminum rolled products producer and portfolio company of Paul, Weiss client Oaktree Capital Management, announced that it has agreed to be acquired by Zhongwang USA LLC for $1.11 billion in cash. Under the transaction, which is expected to close in the first quarter of 2017, Zhongwang USA will also take on Aleris' $1.22 billion in net debt.
The Paul, Weiss team acting as legal advisors to Oaktree Capital includes corporate partners Kenneth Schneider and Ellen Ching; tax partner Patrick Karsnitz; and employee benefits partner Robert Fleder.