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.
Golden Gate Capital Invests in Parallel Advisors
- Client News
- January 6, 2023
Paul, Weiss is advising leading private equity firm Golden Gate Capital in its strategic investment in Parallel Advisors, LLC, a registered, independent wealth management firm, as part of Parallel’s recapitalization.
Golden Gate’s investment will accelerate Parallel’s M&A strategy and organic growth opportunities, including its acquisition of boutique asset management firm AUTUS Asset Management, LLC. Financial terms of Golden Gate’s investment and Parallel’s acquisition of AUTUS, both announced on January 5, were not disclosed. In connection with the transactions, minority investor Emigrant Partners fully exited its position in the combined company.
The Paul, Weiss team includes corporate partner Jeremy Veit and counsel Usman Arain; tax partner Robert Holo; executive compensation partner Lawrence Witdorchic; intellectual property partner Jonathan Ashtor; finance partner David Tarr; litigation counsel Steven Herzog; and corporate governance counsel Jason Tyler.