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 to Acquire Arconic in $5.2 Billion Deal
- Client News
- May 4, 2023
Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, Inc. in their take-private acquisition of Arconic Corporation, a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products. The all-cash transaction is valued at approximately $5.2 billion including debt. The transaction includes a minority investment from funds managed by affiliates of Irenic Capital Management.
Under the terms of the agreement, Arconic stockholders will receive $30 per share. The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including approval by Arconic shareholders and regulatory approvals.
The Paul, Weiss team included, among others, finance partners Brian Kim, Manuel Frey and Gregory Ezring; executive compensation partners Jarrett Hoffman and Lawrence Witdorchic; tax partner Brad Okun and counsel Sohail Itani; litigation partners Andrew Finch and Elizabeth Sacksteder, and counsel Daniel Levi, Peter Jaffe, Daniel Sinnreich and Robert Kravitz; intellectual property partner Charles Googe and counsel Marisa Geiger; private funds partners Matthew Goldstein and Robert Tananbaum; capital markets partners Tong Yu and Brian Janson; real estate partner Peter Fisch; investment funds counsel Lisa Koff and Jeremy Larkins; and antitrust counsel Marta Kelly.