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.
Apollo Funds Acquire Rackspace for $4.3 Billion
- Client News
- August 26, 2016
Paul, Weiss represented funds affiliated with Apollo Global Management, LLC in the recently completed acquisition of Rackspace, a leading cloud management company, for $32 per share in cash. In connection with the transaction, funds managed by Searchlight Capital Partners, L.P. made a strategic equity investment in the acquired company. The acquisition has a total value of $4.3 billion. Rackspace is now a privately held company.
The M&A team included, among others, corporate partner Ross Fieldston. The Financing team included corporate partners Brian Janson, Mark Wlazlo, and Gregory Ezring. The Tax team included tax partner Brad Okun and counsel Alyssa Wolpin. The Investment Funds team included corporate partners Marco Masotti, Michael Hong and Terry Schimek and counsel Matthew Goldstein. The Employee Benefits team included employee benefits partner Lawrence Witdorchic. The Regulatory team included litigation partner Roberto Gonzalez, international trade counsel Richard Elliott and counsel Peter Jaffe. The Litigation Team included litigation partners Lewis Clayton and David Ball. The Intellectual Property team included intellectual property counsel Menachem Kaplan. The Real Estate Team included real estate partner Mitchell Berg. The Environmental team included environmental counsel William O'Brien.