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.
LongRange Capital to Acquire US Synthetic
- Client News
- February 25, 2025
Paul, Weiss is advising LongRange Capital, a private equity firm with a longer-term, customer-centric orientation to building and growing middle market businesses, in its $300 million acquisition of all the equity interests in US Synthetic Corporation from ChampionX Corporation. US Synthetic is a leading provider of highly engineered polycrystalline diamond (PCD) technologies, including PCD inserts, bearings and other diamond science solutions for the energy, mining and industrial end-markets. The Utah-based company holds over 600 patents globally for synthetic diamond-based technologies. The deal is expected to close shortly after the closing of ChampionX’s acquisition by SLB, subject to customary closing conditions.
The Paul, Weiss team is led by corporate partners Angelo Bonvino and Cullen Sinclair, and includes partner Thomas de la Bastide and counsel Nathan Mitchell and Marc Shepsman; litigation partner Aidan Synnott and counsel Audrey Paquet; intellectual property partner Jonathan Ashtor; tax partner Lindsay Parks; antitrust partner Annie Herdman and counsel Todd Hahn; real estate partner Peter Fisch; executive compensation counsel Lisa Krausz Eisenberg; and environmental counsel William O’Brien.