skip to main content

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.

Ares Management Makes Major Investment in OUTFRONT Media

Paul, Weiss is advising funds managed by Ares Management Corporation in their pending purchase, alongside Providence Equity Partners LLC, of $400 million in newly issued convertible preferred stock in OUTFRONT Media Inc. The preferred stock is convertible into shares of OUTFRONT Media common stock at a conversion price of $16.00 per share. On an as-converted basis, the $400 million offering, announced April 16, will represent approximately 14.8% of common shares outstanding. OUTFRONT Media is one of the largest outdoor media companies operating in the U.S. and Canada.

The Paul, Weiss team includes, among others, corporate partners Ellen Ching, Kenneth Schneider and Raphael Russo; tax partner David Sicular; and antitrust counsel Marta Kelly.

© 2024 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy