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.
The Hillman Group to Acquire Tagworks
Paul, Weiss client and Oak Hill portfolio company The Hillman Group, Inc. entered into a purchase agreement on March 10 to acquire 100% of the membership interests in TagWorks, L.L.C., the provider of innovative pet ID tag programs to a leading pet products chain retailer using a unique, patent-protected/patent-pending technology and product portfolio.
In conjunction with this transaction, The Hillman Group is entering into a 17-year agreement with KeyWorks-KeyExpress, LLC, a company affiliated with TagWorks, to assign its patent-pending retail key program technology to The Hillman Group and to continue to work collaboratively with Hillman to develop next generation key-duplicating technology.
The closing of this acquisition will occur concurrently with, and is a condition to, the closing of an offering of $50 million in aggregate principal amount of 10.875% senior notes due 2018.
The Paul, Weiss team advising Hillman includes corporate partners Angelo Bonvino, Eric Goodison and John C. Kennedy, and counsel Christopher T. Poggi; tax partner David R. Sicular; intellectual property partner Charles H. Googe Jr.; and real estate partner Mitchell L. Berg.