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 Leads $208 Million Funding Round in DriveNets
- Client News
- January 27, 2021
Paul, Weiss represented D1 Capital Partners in a $208 million Series B funding round in DriveNets Ltd., an Israel-based networking software company. D1 Capital led the funding round, valuing the company at $1 billion. Funds from the round will allow the company to expand its cloud infrastructure service to new geographies. Existing investors Bessemer Venture Partners and Pitango Venture Capital and new investor Atreides Management also participated in the round.
The Paul, Weiss team included corporate partners Ted Ackerman; intellectual property partner Claudine Meredith-Goujon; tax partner David Mayo; litigation counsel Steven Herzog; and antitrust counsel Marta Kelly.