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.
Movado to Acquire MVMT Watches
- Client News
- August 17, 2018
Paul, Weiss is advising Swiss watchmaker Movado Group, Inc. in its acquisition of MVMT Watches Inc., an emerging international watches and accessories brand. The purchase price includes an initial payment of approximately $100 million, and two future contingent payments that combined could total up to an additional $100 million. The acquisition, which is expected to close around October 1, will be funded through cash and borrowings under Movado’s revolving credit facility.
The Paul, Weiss team includes, among others, corporate partner Ellen Ching and counsel Stephen Koo; tax partners Patrick Karsnitz and David Mayo; intellectual property partner Claudine Meredith-Goujon; employee benefits partner Lawrence Witdorchic and counsel Uri Horowitz; real estate partner Salvatore Gogliormella; antirust counsel Marta Kelly; and environmental counsel William O’Brien.