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 Invests $50 Million in Arco
- Client News
- November 18, 2021
Paul, Weiss is advising General Atlantic in its $50 million strategic investment in Arco Platform Limited, a Brazil-based educational software company, alongside a $100 million investment by Dragoneer Investment Group LLC. Under the terms of the agreement, GA and Dragoneer will purchase of convertible senior notes at a conversion rate equivalent to $29 per share of Arco class A common shares, subject to customary closing conditions. The convertible notes mature in 2028 and bear interest at 8% per year fixed in Brazilian reals. Upon completion of the transaction, GA will own approximately 2.8% of Arco’s total shares on an as-converted basis.
The Paul, Weiss team includes, among others, corporate partners Matthew Abbott and Christopher Cummings; tax partner Lindsay Parks; and antitrust counsel Marta Kelly.