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.
Citigroup Sells Private Equity Portfolio to AXA
Practices
As reported in The Wall Street Journal, Bloomberg, Reuters, The Deal Pipeline and other media outlets, Paul, Weiss client Citigroup Inc. sold a $1.7 billion private equity portfolio to France's Axa Private Equity. The portfolio includes 207 limited partnership interests in private equity buyout funds and a portfolio of direct stakes in companies. The sale demonstrates the progress the Citi Holdings team is making in reducing non-core assets on their balance sheet.
The Paul, Weiss team advising Citigroup includes corporate partners Yvonne Y.F. Chan and Robert M. Hirsh, counsel Didier Malaquin, Patrick C. Scott and Jennifer A. Spiegel; and tax partner Jeffrey B. Samuels.