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.
D1 Capital Invests in Bolt
- Client News
- August 2, 2021
Paul, Weiss represented D1 Capital in its investment in Bolt, the leading European mobility platform. The investment was part of Bolt’s $713 million funding round and values Bolt at about $4.75 billion, more than double its last private valuation of $2 billion. Venture capital firm Sequoia and fund managers Tekne and Ghisallo backed the financing, while D1 Capital, G Squared and Naya increased their holdings. The funds will be used to boost Bolt’s new grocery delivery service, Bolt Market, and accelerate its expansion of existing mobility and delivery products.
The Paul, Weiss team included corporate partners Ted Ackerman and Raphael Russo; litigation partner Aidan Synnott; tax partner David Mayo; and antitrust counsel Marta Kelly.