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.
March 2018: Private Equity Digest
March 21, 2018 Download PDF
In this edition of the Paul, Weiss Private Equity Digest, we discuss the complex issues that can arise when parties in private transactions negotiate how to split transaction tax deductions, as illustrated by the recent Delaware decision in LSVC Holdings, LLC v. Vestcom Parent Holdings, Inc.
In market news, private equity fundraising, exit and M&A activity are down by almost every measure for the month of February as compared to January. Fundraising dropped from 23 funds closed in January to only 9 funds closed in February, with total dollars raised also dropping, though less precipitously, from $15.7 billion to $10.8 billion. Exits also fell, although by smaller percentages. The dollar volume of U.S. sponsor-related M&A deals declined sharply in February after hitting a 12-month high in January, contrasting with lower, but still robust, global sponsor-related M&A activity. The number of sponsor-related M&A deals showed similar declines.