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.
General Atlantic Enters Into Share Exchange With KCG
- Client News
- November 18, 2016
Paul, Weiss is representing General Atlantic in its share exchange agreement with KCG Holdings, Inc., a leading independent securities firm. Under the terms of the transaction, KCG will exchange 8.9 million shares of Bats Global Markets, Inc. for all of General Atlantic's 18.7 million shares and 8.1 million warrants of KCG. In 2007, General Atlantic invested in GETCO, a predecessor to KCG. The transaction is expected to close by the end of November, with a portion of the warrants to be settled in early January.
The Paul, Weiss team included corporate partners Matthew Abbott, John Kennedy and Ellen Ching; and tax partner Richard Bronstein.