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.
KPS Capital Wins Buyouts' Turnaround of the Year and Deal of the Year Awards
- Client News
- April 23, 2012
Paul, Weiss client KPS Capital Partners LP earned both Buyouts' "Turnaround of the Year" and "Deal of the Year" awards for the turnaround of Attends Healthcare, Inc. As reported in the April 23 issue of Buyouts, KPS purchased the distressed manufacturer of adult incontinence products in 2007 for an undisclosed amount. KPS devoted four years to the research, redesign and development of Attends, and in August 2011, KPS sold the thriving company for $315 million to Domtar Corp., a Fortune 500 company. KPS netted a 15 times cash-on-cash return and a 120 percent internal rate of return for the turnaround. Paul, Weiss advised KPS on both the original acquisition and the sale of Attends.
The Paul, Weiss team included corporate partners Angelo Bonvino and Thomas V. de la Bastide III and counsel Didier Malaquin; tax partner David W. Mayo; environmental partner Gaines Gwathmey; litigation partner Aidan Synnott; employee benefits partner Robert C. Fleder, counsel Reuven Falik; real estate partner Peter E. Fisch; and intellectual property counsel Claudine Meredith-Goujon.