Private equity buyouts in United States

Kirkland & Ellis LLP

Kirkland & Ellis LLP maintains its position at the top of the private equity market, working for top buyout funds such as Bain Capital, Blackstone, and KKR, and continuing to expand its share of bulge-bracket work, both in terms of volume and industry penetration. The firm has seen an increase in work from the likes of Ares, Cerberus, and Brookfield, and handles domestic and cross-border transactions across buyouts, disposals, investments, and joint ventures, utilizing new and emerging deal structures such as SPAC arrangements and continuity buyouts between funds. The firm's global chair Jon Ballis remains an active dealmaker, regularly representing major sponsor clients such as Bain and KKR, while New York-based Eunu Chun is also a standout contributor. Also in New York, Peter Martelli is noted for his relationship with Blackstone, while Richard Campbell in Chicago is a go-to adviser for CD&R and a host of other key clients for major strategic deals. Corey Fox is an emerging talent in the market, and regularly advises Sun Capital on buyouts and strategic investments. Ted Frankel is also highlighted for his broad expertise across the PE space, running the firm's Thomas Lee Partners relationship and working on deals in the healthcare, tech, and automotive sectors, among others. Jonathan Benloulou is also recommended and divides his time between Los Angeles and Dallas.

Other key lawyers:

Jon Ballis; Peter Martelli; Richard Campbell; Corey Fox; Ted Frankel; Eunu Chun; Jonathan Benloulou; Michael Woronoff

Key clients

Apax Partners

Ares Management Corporation

Bain Capital Private Equity

The Blackstone Group

GTCR

KKR

Sun Capital Partners

Thoma Bravo

TPG Capital

Vista Equity Partners

Work highlights

  • Represented American Securities in a number of transactions, including its portfolio company North American Partners in Anesthesia’s acquisition of American Anesthesiology.
  • Represented Apax Partners in a variety of transactions, including its $400m investment in Verint Systems.
  • Represented Ares Management in its sale of National Veterinary Associates to JAB.

Latham & Watkins LLP

Latham & Watkins LLP remains a big player at the top of the private equity market, with a broad nationwide practice encompassing lower-to-middle-market transactions as well as bulge bracket deals. The firm represents a variety of top funds, including BC Partners, Blackstone, KKR, and Carlyle Group, among others. In 2020, the firm was active despite the difficulties of the pandemic-afflicted market. It also worked on a number of portfolio company deals and SPAC transactions, including the $6.8bn combination of Leonard Green portfolio company CPA Global and Clarivate, in addition to a number of high-value buyouts and exits. Washington DC-based Paul Sheridan leads the global team alongside New York's Andrea Schwartzman, who advises key relationship clients such as Onex and CPPIB on large-scale LBOs and investments, including several cross-border deals. Senior DC partner and former global chair Daniel Lennon is also highly active, co-leading the firm’s relationship with Carlyle and handling a variety of major transactions. In New York, Howard Sobel is a highly respected practitioner who handles buyouts, investments, take-privates, and international joint ventures for major clients; David Allinson recently represented Blackstone Energy in its $7bn sale of its interest in Cheniere Energy; Justin Hamill is noted for his substantial expertise across technology, media, sports, and entertainment deals; and Alexandra Kelly is building a strong profile as an adviser to top funds on financial services and asset management sector deals, as well as matters in the fintech space. In Boston, Hans Brigham heads up the private equity department and is a prolific mid-market dealmaker.

Practice head(s):

Paul Sheridan; Andrea Schwartzman

Other key lawyers:

Daniel Lennon; Howard Sobel; David Allinson; Justin Hamill; Alexandra Kelly; Hans Brigham

Testimonials

‘Howard Sobel is the lead partner. He is extremely experienced, very commercial and an excellent negotiator and tactician.’

Key clients

Advantage Solutions Inc.

Ancestry.com LLC

Bay Grove Capital, LLC

BC Partners

Blackstone Energy Partners L.P.

The Carlyle Group

Consonance Capital Partners

CPA Global

DXC Technology Company

GCM Grosvenor

GTCR

Leonard Green & Partners

Lineage Logistics Holdings, LLC

One Rock Capital Partners, LLC

Onex Corporation

Platinum Equity / PAE

Riverstone Holdings LLC

Silver Lake Partners LP

SK Capital Partners

Paul, Weiss, Rifkind, Wharton & Garrison LLP

Paul, Weiss, Rifkind, Wharton & Garrison LLP maintains a prolific buyout practice, acting on behalf of major relationship clients including Apollo, General Atlantic, and Oakhill Capital. It also works on a variety of portfolio transactions, carve-outs, take-privates, and disposals. Alongside its regular work for key clients, the firm has also expanded its share of work for other leading funds such as Blackstone and Brookfield, and was involved in standout PE-backed transactions during 2020, including Inspire Brands'  $11.3bn acquisition of Dunkin’ Brands Group. The practice group is jointly led by Matthew Abbott, a key name in the team, who advised on a number of major transactions, and regularly works with General Atlantic in particular; and Taurie Zeitzer, who maintains a productive relationship with Apollo, and is recognized as a market leader in this space. Ted Ackerman is noted for his broad expertise across buyouts, carve-outs, equity investments, and broader corporate matters on behalf of PE clients, while Angelo Bonvino works regularly on behalf of Ares Management, KKR, and other bulge-bracket funds. Also recommended are Ellen Ching, who has enjoyed a successful year, particularly in healthcare-sector deals, working for Marathon Health on its partnership with OurHealth; and Neil Goldman, who remained active in buyouts and portfolio deals on behalf of General Atlantic and others. Brian Lavin and Justin Rosenberg are both recognized as up-and-coming partners. All named lawyers are in New York.

Practice head(s):

Matthew Abbott; Taurie Zeitzer

Other key lawyers:

Ted Ackerman; Angelo Bonvino; Ellen Ching; Neil Goldman; Brian Lavin; Justin Rosenberg

Testimonials

‘The PW team is outstanding. They have tremendous global expertise in all aspects of the financing and acquisition markets. They are extremely detailed oriented and we get excellent support from both their senior and junior team. They are extremely responsive in very tight timeframes. They provided balanced, thoughtful advice and know how to break through on tough issues. They are also very creative in coming up with solutions for difficult problems.’

‘Responsiveness, detail orientation, problem solving, balanced, get it done yesterday. Paul Weiss makes a habit of crushing deadlines and helps put us in a position to win deals. They take an approach to get us sound legal agreements but do not try and over reach. They are also very thoughtful around billing rates and amounts that fit our budget.’

Key clients

3G Capital

KKR

Apollo Global Management

Kohlberg & Co.

Ares Management

KPS Capital Partners

Brookfield

Oak Hill Capital Partners

CI Capital Partners

Palladium Equity Partners

Crestview Partners

Roark Capital Group

D1 Capital

Sagewind

Declaration Partners

Searchlight Capital Partners

EagleTree Capital

The Carlyle Group

General Atlantic

TPG

Work highlights

  • Represented Apollo Global Management in a range of transactions, including as lead investors in the $1.75bn investment in Albertsons Companies.
  • Advised General Atlantic on a range of transactions, including its $498.31m investment in Reliance Retail Ventures.
  • Advised KPS Capital Partners on its acquisition of the rod lift solutions unit of Lufkin from oilfield services provider Baker Hughes.

Simpson Thacher & Bartlett LLP

Simpson Thacher & Bartlett LLP remains a destination firm for bulge-bracket private equity work, advising an array of top funds including Blackstone, BC Partners, and the Carlyle Group on major buyouts, investments, portfolio M&A, and exits. Standout work for the team in 2020 included representing the Brookfield and GIP-led consortium in a $20.7bn energy infrastructure deal with The Abu Dhabi National Oil Company, and advising Digital Colony Partners and the EQT Infrastructure IV fund on the $14.3bn acquisition of Zayo Group Holdings. Marni Lerner leads the team, and is a deeply experienced private equity practitioner with a strong profile at the top of the market. Elizabeth Cooper is noted for her work with Blackstone and KKR, while Gary Horowitz is another senior practitioner with a broad client base. Anthony Vernace remains involved in marquee deals for the likes of Blackstone and BC, and Caroline Gottschalk is an emerging force in the market, advising clients such as TPG and Centrebridge on domestic and cross-border buyouts, strategic investments, and joint ventures. A contact in the firm's Palo Alto office is Robert Langdon, who was heavily involved in the Zayo acquisition. Aside from Langdon, all named lawyers are based in New York. Richard Capelouto retired from the partnership.

Practice head(s):

Marni Lerner

Other key lawyers:

Elizabeth Cooper; Gary Horowitz; Anthony Vernace; Caroline Gottschalk; Robert Langdon

Testimonials

‘Simpson is a leader in the M&A field, and has particular expertise in advising private equity funds on acquisitions and dispositions of portfolio companies. They understand and drive the market in this space – bringing together extensive knowledge about M&A terms together with top notch financing capabilities. They have a deep bench of talent.’

‘Marni Lerner is a true leader in the field. Her personality and approach are particularly well suited for private equity M&A, where there remains a partnership with management after acquisition and all players are usually repeat players.’

Key clients

AEA Investors

Alinda Capital Partners

Angeles Equity

Apax Partners

BC Partners, Inc.

BlackRock LTPC

The Blackstone Group

Calera Capital

The Carlyle Group

Centerbridge Partners, L.P.

Clearlake Capital

Corsair Capital

CVC Capital Partners

EQT Partners

First Reserve

Genstar

Global Infrastructure Partners

Hellman & Friedman

Kohlberg Kravis Roberts & Co. L.P.

KSL Capital Partners

Lexington Partners

Lindsay Goldberg LLC

New Mountain Capital

Oaktree Capital Group

Patricia Industries

Palladium Equity Partners, LLC

Platinum Equity Capital Partners

Primavera Capital Group

Riverstone Holdings LLC

Silver Lake Partners

Snow Phipps Group

Sterling Partners

Stonepeak Infrastructure Partners

Stone Point Capital LLC

Technology Crossover Ventures

True Wind Capital

Warburg Pincus

Work highlights

  • Represented private equity backed Kronos Incorporated and Ultimate Software in their $22bn merger.
  • Represented a consortium of investors, comprising Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Snam in its $20.7bn energy infrastructure deal with The Abu Dhabi National Oil Company.
  • Representing affiliates of Digital Colony Partners and the EQT Infrastructure IV fund in connection with their $14.3bn acquisition of Zayo Group Holdings, Inc.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton has enjoyed an active year in the private equity space, working prolifically with key relationship funds and their portfolio companies on buyouts, portfolio M&A, investments, and exits. The team works closely with the firm's leading M&A and capital markets teams, allowing it to handle all elements of transactions. Practice head David Leinwand has recently worked extensively with Warburg Pincus, including its PIPE investment in WEX, maintaining his profile in complex PE-backed deals. Other key members of the team include Paul Shim, a widely recognized dealmaker; James Langston, highly respected figure in the M&A space; and Matthew Salerno, who has worked on notable deals for the likes of Warburg and TPG, and also recently advised on TPG portfolio company Astound’s $8.1bn sale to Stonepeak Infrastructure Partners. Kyle Harris was promoted to partner in 2020, reflecting his growing profile in a wide variety of private equity deals.

Practice head(s):

David Leinwand

Other key lawyers:

Paul Shim; James Langston; Kyle Harris; Matthew Salerno

Key clients

Cascade Investments

Global Healthcare Exchange

GTCR

National Amusements

Patricia Industries

Tikehau Capital

TPG Capital

Temasek

Schibsted/Adevinta

Warburg Pincus

Work highlights

  • Advised Astound Broadband, a portfolio company of TPG Capital, on its announced sale to Stonepeak Infrastructure Partners for $8.1bn.
  • Advised Warburg Pincus and its portfolio companies on numerous significant transactions, including its acquisition of Sundyne and Sweeping Corp of America; its investment in GA Foods and Infoblox; and its PIPE investment in WEX Inc.
  • Advised Tech Data in its $6bn sale to Apollo Global Management.

Debevoise & Plimpton LLP

Debevoise & Plimpton LLP's broad private equity practice acts for bulge-bracket buyout funds, middle-market players, and major alternative investment bodies such sovereign wealth funds in an array of challenging transactions, Highlights in 2020 included representing CD&R in its $4.7bn acquisition of WhiteCap, and acting for Morgan Stanley in its $2.6bn sale of Pathway Vet Alliance. The PE team is a key component of the firm's global service provision, a network that sees it acting at the forefront of deals across Europe and Asia. Kevin Schmidt leads the New York-based team, and is a regular adviser to major funds, including Blackstone, Brookfield, and CPPIB. Schmidt is also a thought leader on innovations within the industry, including PIPE transactions. Paul Bird led on the CD&R/WhiteCap deal, and is a highly experienced transactional lawyer with expertise in a variety of sectors. Christopher Anthony is recognized as an emerging talent within the private equity team, heading major deals for the likes of CD&R and other bulge-bracket clients across the globe. Jennifer Chu remains highly active on behalf of clients such as Blackstone and the Carlyle Group, with particular strength in the insurance and fintech sectors, while Uri Herzberg also works prolifically with funds and portfolio companies on transactions and investments, most notably in the healthcare sector.

Practice head(s):

Kevin Schmidt

Other key lawyers:

Paul Bird; Jennifer Chu; Uri Herzberg; Christopher Anthony

Testimonials

‘Our lead partner is very responsive and is appropriately immersed in the details. I feel that Debevoise gives us commercial advise and does a great job protecting our interests. I rely on and trust their advice a great deal.’

‘They have a strong commercial perspective, deep industry expertise and provide excellent customer service.’

‘Highly knowledgable and experienced in the industry; well respected and highly regarded among both other law firms and parties to transactions, yet generally operate with no ego and in the interest of getting deals done; thinks about the client as a whole and not just any one transaction, and builds relationships that clients can depend and rely on.’

‘Kevin Schmidt is our relationship partner and actively works on most of our engagements with Debevoise – and those he doesn’t work on, he makes a point to check-in on. Very responsive, speaks the language of deal teams and not just lawyers, and takes a client view, not a single-transaction view.’

‘Trusted advisors – commercial and practical.’

‘Paul Bird – calming influence, remarkable ability to make everyone feel like they won. Uri Herzberg – smartest guy in the room. Photographic memory. Kevin Schmidt – Commercial instincts. Knows how to get deals across the finish line.’

‘The team’s significant experience in the private equity industry, familiarity with our needs over multiple decades, and commitment to serve its clients stands out compared to its peers.’

‘Kevin Schmidt and Chris Anthony have been outstanding thought partners as we look to make good investments. Their approach is detailed yet commercial, and they have upheld our firm’s values when representing us with our counterparties. ’

Key clients

The Blackstone Group

Canada Pension Plan Investment Board (CPPIB)

The Carlyle Group

Cerberus Capital Management

Clayton, Dubilier & Rice

Elliott Management

Kelso & Company

Morgan Stanley Private Equity

Stone Point Capital

TPG

Work highlights

  • Represented CD&R in its $4.7bn acquisition of Epicor Software from KKR.
  • Represented CD&R in its $2.9bn acquisition of White Cap, and its combination of White Cap with CSG for a deal value of approximately $4bn.
  • Represented Morgan Stanley in its $2.6bn sale of Pathway Vet Alliance to TSG Consumer Partners.

Ropes & Gray LLP

Ropes & Gray LLP has a standout private equity practice, which acts for a variety of major funds in bulge-bracket buyouts, exits, minority investments, and portfolio company M&A. It also maintains a prolific record in mid-market deals. Standout clients include Advent International, Bain Capital, and Silver Lake, which the firm advised on its $1bn investment into Twitter, a notable transaction from the beginning of the Covid-19 pandemic. Another major deal was Advent International's purchase of Forescout, a complex transaction and a major win for Boston-based Amanda Morrison. The team is led by New York's David Blittner, who has a diverse PE practice extending across LBOs, minority investments, and restructurings; and Chicago's Neill Jakobe, who combines transactional expertise with notable corporate governance capabilities, allowing him to handle business-critical investments for the likes of BV Partners and Baring. Boston's Alfred Rose is a highly respected senior figure, while New York-based Carolyn Vardi has been active in large-scale domestic and international transactions for major clients such as Roark Capital, including several multi-billion dollar transactions. Global board member Will Shields is another key figure in Boston, regularly representing top clients Bain, Golden Gate, and Kohlberg & Co.

Practice head(s):

David Blittner; Neill Jakobe

Other key lawyers:

Alfred Rose; Carolyn Vardi; Will Shields; Amanda Morrison

Key clients

Advent International Corporation

Altamont Capital Partners

Apax Partners

Audax Group

Avista Capital Partners

Bain Capital

Baring Private Equity Asia

Berkshire Partners

Charlesbank Capital Partners

Genstar Capital

HarbourVest Partners

Harvest Partners

H.I.G. Capital

Kohlberg & Company

Partners Group

Providence Equity Partners

New Mountain Capital

Silver Lake Partners

Summit Partners

The Blackstone Group

Thomas H. Lee Partners

TPG Capital

TSG Consumer Products

Welsh, Carson, Anderson & Stowe

Wynnchurch Capital

Work highlights

  • Represented Advent International in its acquisition of Forescout Technologies.
  • Represented Silver Lake in its minority growth investment in Waymo, the self-driving arm of Google’s parent company Alphabet.
  • Represented TPG Capital LP in its sale of approximately 50% of Mediware Information Systems to new capital partner Leonard Green & Partners, L.P.

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP stands out for its strong share of work from a number of major private equity funds, with regular representations of Blackstone, Advent International, and Providence, among others. The team handles a variety of complex buyouts, sales, restructurings, and minority investments, and has been particularly active in the SPAC market during 2020, with its representation of Gores Holdings IV in its $16.1bn combination of UWM being a standout transaction in the space. The practice group is jointly led by New York's Doug Warner, who has extensive expertise in in leveraged buyouts and disposals in the US and Europe, acting for the likes of TPG and Centrebridge; and Boston-based Kevin Sullivan, who leads the team's relationship with Providence and affiliated funds, and regularly represents other of the team's key clients. Sullivan also stands out for his role in establishing the firm's Global PE Watch tool, a notable innovation providing market intelligence to funds and investors. New York's Christopher Machera has continued to build his reputation as an emerging market leader, advising Blackstone on a number of transactions, including the $3.2bn sale of Vivint to Sunrun; while Boston's Shayla Harlev is noted for her productive relationship with Berkshire Partners, as well as her recruitment of Charlesbank as a new client, further bolstering the firm's portfolio.

Practice head(s):

Doug Warner; Kevin Sullivan

Other key lawyers:

Christopher Marchera; Shayla Harlev

Key clients

Advent International

American Securities

AMP Capital

Antin Infrastructure Partners

Apollo Infrastructure

Aterian Investment Partners

Berkshire Partners

Blackstone

Centerbridge Partners

Cornell Capital

CPPIB

CVC Capital Partners

EQT Infrastructure

Genstar Capital

GI Partners

Goldman Sachs Merchant Banking Division

The Gores Group

J.C. Flowers & Co

Lee Equity Partners

Oak Hill Capital Partners

OMERS Private Equity

Providence Equity Partners/Providence Strategic Growth Partners

PSP Investments

Snow Phipps

Softbank Group/Softbank Vision Fund

Susquehanna Growth

TCV

Thomas H. Lee Partners

Thompson Street

TPG and TPG Growth

Trive Capital

Work highlights

  • Advised Gores Holdings IV, Inc, a SPAC sponsored by an affiliate of The Gores Group, on its business combination with United Wholesale Mortgage, in a transaction that values UWM at approximately $16.1bn.
  • Advised Blackstone as controlling shareholder of Vivint Sola on the sale of Vivint to Sunrun Inc.
  • Advising American Securities on its pending $1.37bn take-private of Foundation Building Materials.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP has retained its strong position within the private equity market, regularly advising on deals within the upper-middle-market through to the bulge bracket, acting for funds such as Centerbridge Partners and Genstar Capital. The firm has expanded its national team, with additions to its Bay Area and Houston offices, most notably hiring Jay Hughes from McGuireWoods LLP to bolster the Texas-based team. Elsewhere, expansions in key European financial centers have strengthened the team's global platform and capabilities in cross-border deals. The practice group is jointly led by Jeffrey Poss, who maintains an active middle-market practice, and has notable expertise in the financial services sector; and Neil Townsend, who works with a number of key sponsor clients on buyouts, sales, and investments, and is particularly experienced in complex transactional arrangements such as PIPE deals. Kirk Radke is a senior dealmaker who remains highly active in private equity deals, and Matthew Rizzo is noted for his work on early-stage and growth investments in a number of industries. Also recommended are Morgan Elwyn, who works with funds and portfolio companies on a range of transactions and corporate governance issues, and Houston's Bruce Herzog, who specializes in work with funds focused on energy, industrials, and telecoms investments. Named lawyers are in New York unless stated otherwise.

Practice head(s):

Jeffrey Poss; Neil Townsend

Other key lawyers:

Bruce Herzog; Kirk Radke; Jay Hughes; Matthew Rizzo; Morgan Elwyn

Key clients

Aquiline Capital Partners

Calvert Street Capital Partners

The CapStreet Group

Centerbridge Partners

CIP Capital

Court Square

FFL Partners

ForgeLight

Genstar Capital

Insight Partners

Warburg Pincus

Work highlights

  • Represented Insight Partners in its acquisition of backup solutions and data management leader Veeam Software in a transaction valued at approximately $5bn.
  • Represented FFL Partners and its portfolio company EyeCare Partners in the sale of EyeCare Partners to Partners Group
  • Represented ISS and Genstar Capital in Genstar’s sale of ISS to Deutsche Börse for $2.28bn.

Davis Polk & Wardwell LLP

Davis Polk & Wardwell LLP advises an array of major private equity funds and their portfolio companies on buyouts, exits, portfolio M&A, and minority investments, supported by the firm's strong M&A and regulatory practices. The team is also able to handle broader life-cycle issues for PE clients, including financing for portfolio companies, fund structuring, and follow-on investments. Technology, financial services and energy are among the group's sector strengths. Key figures in the team include John Amorosi, who maintains an active practice advising top clients such as Advent International, Bridgepoint, and Warburg Pincus on the full range of transactions; and William Chudd, a regular adviser to Tailwind Capital and other funds, as well as portfolio companies, on investments and acquisitions. Also noted is Michael Davis, who handles domestic and cross-border transactions, most notably in the energy sector. All named lawyers are based in New York.

Practice head(s):

John Amorosi; William Chudd

Other key lawyers:

Michael Davis

Key clients

American Industrial Partners

Atairos Group

Bain Capital

Credit Bansk Group BDT Capital Partners

Bridgepoint Capital

Brookfield Business Partners

CDPQ

Cornell Capita

l Corsair Capital

CPPIB

Crestview Partners

GHK Capital

Goldman Sachs Merchant Banking Division (Principal Investment Area)

Highland Capital Partners I

Squared Capital

Lightyear Capital

KPS Capital Partners

Metalmark Capital

Ontario Teachers’ Pension Plan

ORIX Capital Partners Sycamore Partners

Symphony Technology Group

Tailwind Capital

TPG Capital

Warburg Pincus

Work highlights

  • Advising KPS Capital Partners on its contested $2.6bn bid to acquire the assets of Garrett Motion.
  • Advised the Goldman Sachs Merchant Banking Division on its $1.1bn sale of Safe-Guard Products.
  • Advised a consortium led by Symphony Technology Group and Ontario Teachers’ Pension Plan on its acquisition of RSA.

Dechert LLP

Dechert LLP’s prolific private equity team is accomplished in major buyouts, strategic investments and exits, and portfolio company deals, regularly advising on cross-border transactions in line with the firm's broad multi-jurisdictional M&A capabilities. The team notably represented GIC in two large-scale transactions, including the client’s $27bn sale of Refinitiv to London Stock Exchange Group, and the $22bn merger of Ultimate Software and Kronos in collaboration with other major funds. Other notable fund clients include Cerberus, Blackstone, Morgan Stanley Capital Partners, and Court Square. In New York, practice head Mark Thierfelder is a key relationship partner for Cerberus, Centre Partners, and Quilvest, and works prolifically on private equity transactions, leading both the major GIC deals alongside up-and-coming partner Jonathan KimGareth Clark is an experienced private equity practitioner, working with a range of top funds, and also leads on many of the firm’s diversity initiatives. Markus Bolsinger is dual German and US-qualified, and specializes in complex cross-border transactions for a diverse range of fund clients. Pennsylvania’s Geraldine Sinatra advises funds, including relationship clients Court Square and MSD Partners, throughout the life-cycle of investments, and has a strong focus on securing successful exits.

Practice head(s):

Mark Thierfelder

Other key lawyers:

Jonathan Kim; Gareth Clark; Markus Bolsinger; Geraldine Sinatra

Key clients

Blackstone Tactical Opportunities Fund

Cerberus Capital Management

Court Square Capital Partners

GIC

Graham Partners

MiddleGround Management, L.P

Morgan Stanley Capital Partners

One Equity Partners

PPC Enterprises

Quilvest

Ridgemont Equity Partners

Sterling Investment Partners

Tengram Capital Partners

Work highlights

  • Representing GIC in connection with the sale of Refinitiv to the London Stock Exchange Group for an enterprise value of $27bn.
  • Advising Ahead, Inc., a portfolio company of Court Square Capital Partners, on its sale to Centerbridge Partners, and on its acquisitions of RoundTower Technologies and Kovarus.
  • Advised Cerberus Capital Management and its portfolio company, Covis Pharma BV on the sale of Covis to funds managed by affiliates of Apollo Global Management, Inc.

Fried, Frank, Harris, Shriver & Jacobson LLP

Fried, Frank, Harris, Shriver & Jacobson LLP remains highly active in bulge-bracket private equity transactions, advising major repeat clients such as Permira, Fortress Investment Group, and Goldman Sachs on a variety of buyouts, exits, and investments. The team has seen an increase in tech-related transactions, and has maintained its market-leading seed-and-stake practice. Leaders of the team include Robert Schwenkel, an influential private equity name and regular adviser to RedBird and Permira; Christopher Ewan, who advised Aleris on its standout $2.8bn sale to Novelis; and Steven Steinman, who is a key relationship partner for AEA Investors, and also advises a bevy of major buyout funds and management teams of target companies. Mark Lucas is noted for his strong relationships with Goldman Sachs, Blackstone, and RedBird; and Randi Lally is recommended for advising funds on buyouts, exits, and minority investments, as well as working with investment management clients on GP stake transactions. In Washington DC, Brian Mangino has closed a number of notable tech transactions during 2020 in areas including machine vision, analytics, and AI; and Andrea Gede-Lange handled a variety of complex transactions for key clients such as Permira and New Mountain Capital. Named lawyers are based in New York unless stated otherwise.

Practice head(s):

Robert Schwenkel; Steven Steinman; Christopher Ewan

Other key lawyers:

Brian Mangino; Randi Lally; Andrea Gede-Lange; Mark Lucas

Testimonials

‘Overall, exceptional performance. Very client-focused, proactive, always on point, differentiated judgment, and balanced. They partner seamlessly with internal counsel. They have been outstanding in managing complex, cross-border transaction work, including managing external legal teams across jurisdictions and specialties.’

‘Mark Lucas is extremely client-centric. Thoughtful, nuanced and balanced judgment. Both legally and commercially analytical and rigorous. Overall, provides differentiated, consistent, keen counsel.’

‘High quality, commercial attorneys. Know how to balance getting the deal done with getting the perfect deal done.’

Key clients

AEA Investors

1-800 Contacts Inc.

Permira Advisers

RedBird Capital Partners

Fortress Investment Group

New Mountain Capital

Onex Corporation

Goldman Sachs & Co.

Dyal Capital Partners

SGS International

Yellow Wood Partners

Allocate Software

Aleris Inc.

Wafra Inc.

Work highlights

  • Advised Aleris Corporation, a leading global producer of aluminum rolled products jointly owned by Oaktree Capital Group and Apollo Global Management, on its $2.8bn sale to Novelis, Inc.
  • Advised Permira Advisers on its $2.5bn acquisition of a majority stake in Lytx.
  • Advised 1-800-Contacts on its sale to KKR for over $3bn.

Gibson, Dunn & Crutcher LLP

Gibson, Dunn & Crutcher LLP advises private equity funds, portfolio companies and financial sponsors on a range of buyouts, minority investments, joint ventures, and exits. Alongside a broad national platform with offices in Dallas, California, and New York, the team also works in close collaboration with its UK, European, and Middle East-based teams on cross-border and multi-jurisdictional deals. The firm also offers in-house expertise in complementary areas such as tax, regulatory and foreign investment rules, enabling it to handle all aspects of complex transactions. The PE team is led by Sean Griffiths, Century City's Ari Lanin, and Steven Shoemate, each of whom has broad expertise across a range of private equity transactions and broader corporate issues. John Pollack is particularly active in matters in the aerospace, defense, media, and entertainment sectors. The practice was bolstered by the addition of four new private equity-focused transactional partners: San Francisco-based Abtin Jalali and Chris Harding arrived from Kirkland & Ellis LLP in March 2020; and Stefan dePozsgay and Houston-based Stephen Olson joined from Paul Hastings LLP and Jones Day, respectively, in April 2020. Named lawyers are in New York unless stated otherwise.

Practice head(s):

Sean Griffiths; Ari Lanin; Steven Shoemate

Other key lawyers:

Abtin Jalali; Chris Harding; Stefan dePozsgay; Stephen Olson; John Pollack

Work highlights

  • Advised L Catterton on the $650m take-private acquisition of Del Frisco’s Restaurant Group, Inc.
  • Representing Berkshire Hathaway Energy in its $9.7bn acquisition of Dominion Energy’s natural gas transmission and storage business.
  • Advised Eurazeo on Eurazeo, Flexis Capital and Moore Strategic Ventures’ investment in Waterloo Sparkling Water.

Jones Day

Jones Day is consistently engaged on behalf of key funds, working on deals from the middle-market to the bulge bracket. Of particular note are the firm's productive relationships with Riverside Capital and EagleTree, with standout deals including Riverside's investment into LMG Holdings, and EagleTree portfolio company Corsair's acquisition of SCUF Gaming. Alongside buyouts and portfolio M&A, the team also handles high-value investments and transactional arrangements such as PIPE and SPAC deals, as well as growth equity. New York-based Andrew Levine leads the team, and works for a number of major clients on healthcare and tech deals; Denise Carkhuff in Cleveland is another key team member, enjoying a productive relationship with Morgan Stanley; in Chicago, Lisa Lathrop is noted for her expertise across the life-cycle of private equity investments and regular work on behalf of BluePoint; and in Washington DC, Daniel Michaels works on buyouts, carve-outs, and equity investments in the areas of healthcare, energy and natural resources, business services, and software.

Practice head(s):

Andrew Levine

Other key lawyers:

Denise Carkhuff; Lisa Lathrop; Daniel Michaels

Key clients

Blue Sea Capital LLC

The Carlyle Group

Cortec Group

EagleTree Capital (formerly, Wasserstein & Co., LP)

J.F. Lehman & Company

Koch Equity Development

Morgan Stanley Capital Partners

Resilience Capital Partners

The Riverside Company

Work highlights

  • Advised EagleTree Capital’s portfolio company CORSAIR® in the acquisition of high-performance controller pioneer SCUF Gaming “SCUF®” and its extensive patent portfolio.
  • Advised Morgan Stanley Capital Partners on the acquisition of iMark Molding by portfolio company Comar Holding Company.
  • Advised The Riverside Company on over 25 transactions, including 19 acquisitions and six sales, including its investment in LMG Holdings, Inc.

Morgan, Lewis & Bockius LLP

Morgan, Lewis & Bockius LLP's nationwide team advises a variety of private equity funds, portfolio companies, and management teams on buyouts, investments, exits, and take-privates across a range of industries. While broadly focused on the middle-market, the firm also advises bulge-bracket funds such as Apollo and Ares Management on high-value transactions, including cross-border deals. The team is jointly led by Orange County-based James Loss, a regular advisor to Platinum Equity with noted expertise in carve-out deals; and Philadelphia's Barbara Shander, who stands out for her diverse client base and experience in the healthcare, retail, financial services, and manufacturing industries. Orange County's Todd Hentges has been active in SPAC transactions during 2020, and is another key advisor to Platinum Equity, while Kevin Schmelzer in Philadelphia combines M&A and financing expertise with regular advice to private equity funds and portfolio companies.

Practice head(s):

James Loss; Barbara Shander

Other key lawyers:

Todd Hentges; Kevin Schmelzer

Key clients

Apollo Global Management

Ares Management

Arsenal Capital Partners

Platinum Equity

Freeman Spogli & Co.

Sun Capital Partners

StoneCalibre

Lovell Minnick Partners

Eureka Capital Partners

LLR Partners

OpenGate Capital

Guardian Capital Partners

Corridor Capital

Varsity Healthcare Partners

Bunker Hill Capital

SV Health Investors

The Wicks Group of Companies

Juggernaut Capital Partners

Susquehanna Private Capital

Gores Group

Work highlights

  • Represented Platinum Equity and its portfolio company Vertiv Holdings LLC in the closing of Vertiv’s $5.3bn merger with GS Acquisition Holdings Corp.
  • Represented WCG, a portfolio company of Leonard Green & Partners, in its acquisition of Statistics Collaborative Inc.
  • Represented Smart & Final (an affiliate of Apollo Global Management) in its $970m sale of its Smart Foodservice Warehouse Stores business to US Foods.

White & Case LLP

White & Case LLP is active in private equity transactions in a wide range of industries, with expanding practices in New York, Chicago, Houston, and Silicon Valley. The firm combines standout representations of major clients such as Brookfield—which it advised on the $8.4bn take-private of Genesee & Wyoming—with consistent work for middle-market buyout funds. In addition to expanding its share of tech and healthcare deals, the firm also bolstered its capabilities in the SPAC space through new hires Joel RubinsteinElliot Smith, and Jonathan Rochwarger, who joined the New York office in April 2020 from Winston & Strawn LLP. Another notable move in New York was the June 2020 arrival of Germaine Gurr, formerly at Holland & Knight LLP, who specializes in mid-market deals across the US and Europe. Clients also benefit from the team's integration into the firm's global platform, collaborating with its European and UK offices on a range of cross-border investments on behalf of domestic and international clients. John Reiss and Oliver Brahmst lead the team from New York, maintaining activity on behalf of top clients, including Harvest Partners and Brookfield, respectively. The Chicago-based team continues to expand its reach, with Gary Silverman and Raymond Bogenrief standing out for their work on complex, often cross-border deals.

Practice head(s):

John Reiss; Oliver Brahmst

Other key lawyers:

Joel Rubinstein; Elliot Smith; Jonathan Rochwarger; Germaine Gurr; Jason Webber; Gary Silverman; Raymond Bogenrief

Key clients

Brookfield Infrastructure Partners (NYSE: BIP)

CVC Capital

IFM Investors

Roark Capital

Macquarie Infrastructure Partners

Antin Infrastructure Partners

HgCapital

Investcorp

Schneider Electric

Alberta Investment Management Corp. (AIMCO)

Morgan Stanley Infrastructure Partners

Sixth Street Capital

Victory Park Capital

Entrepreneurial Equity Partners

Investindustrial

Harvest Partners

I Squared Capital

Cobepa

Dominus Capital

Quad-C

Certares

Mill Rock Capital

Sole Source Capital

AMP Capital Investors Ltd.

Global Infrastructure Partners

Carlyle Group/Cogentrix

Work highlights

  • Represented a consortium composed of Brookfield Infrastructure Partners, its institutional partners, and GIC in the $8.4bn take private acquisition of Genesee & Wyoming Inc.

DLA Piper LLP (US)

DLA Piper LLP (US)'s prolific private equity practice has recorded a strong deal count for a range of private equity funds and their portfolio companies, working on buyouts, exits, and investments in sectors including technology, telecoms, e-commerce, and healthcare. The private equity group works in close collaboration with the firm's M&A, capital markets, tax, and intellectual property teams, and handles work from the bulge-bracket down to the middle-market. Miami's Joseph Alexander leads the team alongside Atlanta-based Joseph Silver, with other key team members including Eric Grossman in Northern Virginia and Robert Davis in Chicago.

Practice head(s):

Joseph Alexander; Joseph Silver

Other key lawyers:

Eric Grossman; Robert Davis

Testimonials

‘Eric Grossman was our lead attorney for many years. I’ve trusted and valued him for putting the company first, giving me great advice as CEO, communicating & collaborating effectively with our internal Finance & Legal team, and bringing the right people from DLA into the loop. And when necessary, he’d step up and get hands-on.’

Key clients

Bandwidth Infrastructure Group

GuidePoint Security LLC

LLR Partners, Inc.

Stellex Capital Management LP

Abry Partners LLC

North American Dental Group

Insight Sourcing Group

MSouth Equity Partners

Netwrix Corporation

Noro-Moseley Partners VII LP

Updata Partners V, L.P.

Celero Commerce LLC

Work highlights

  • Advised ABRY Partners on its buyout of Recovery Point Systems.
  • Represented MSouth Equity Partners in its buyout of Nth Degree, Inc.
  • Advised .ICV Partners on its $130m public-to-private LBO acquisition of Diversified Restaurant Holdings.

Goodwin

Goodwin’s focus on mid-market technology and healthcare sector deals has brought a steady flow of activity throughout 2020, with industry fund clients continuing to make investments in Covid-safe targets in these sectors. The team has been prolific in buyouts and exits, recording significant deal numbers despite challenging economic conditions. Andrew Weidhaas is the key name in Silicon Valley, and has continued his strong record in growth capital and private equity transactions in the tech sector, working on early-growth deals all the way up to acquisitions of Fortune 50 companies. Michael Kendall and John LeClaire are contacts in Boston. LeClaire is a highly experienced practitioner specializing in the healthcare sector, who recently advised Cano Health on its $4.4bn merger of Jaws Acquisition Corp, a healthcare-focused SPAC. Kendall is also an active dealmaker, particularly in the areas of technology, biotech, telecoms, and retail, with notable clients including TA Associates and JMC Management. New York-based Stuart Rosenthal leads the firm's healthcare verticals group.

Practice head(s):

Andrew Weidhaas; Michael Kendall; John LeClaire

Other key lawyers:

Stuart Rosenthal

Key clients

TA Associates Management, L.P.

Webster Equity Partners

Primus Capital

Bregal Sagemount

Behrman Capital

Ampersand Capital Partners

JMI Equity

Frazier Healthcare

InTandem Capital

Charlesbank

Work highlights

  • Advised Cano Health, LLC on its definitive merger agreement with Jaws Acquisition Corp.
  • Advised Workfront on its definitive agreement to be acquired by Adobe for $1.5bn.
  • Advised private equity-backed KIND on its agreement to be acquired by Mars, Incorporated.

Morrison & Foerster LLP

The arrival of new chair Mitchell Presser and experienced transactional lawyer Omar Pringle from Freshfields Bruckhaus Deringer  has significantly strengthened the team at Morrison & Foerster LLP, with Presser bringing significant in-house and private practice experience and helping the firm to add a number of notable new clients, including Bridge Investment Partners, Cohen Private Ventures, and Fidelio Capital, among others. The firm offers a range of sector expertise, with strengths in healthcare, life sciences, tech, agriculture, and consumer products. It is active in buyouts, investments, exits, and portfolio company transactions in each of these key industries. A standout transaction in 2020 was the firm's representation of Pivot Investment Corporate in its $1.4bn merger with XL Fleets, a complex and notable tech-sector deal. Other key players include San Francisco-based duo Patrick Huard and Dario Avram, who combine buyout and investment expertise with regular work on behalf of portfolio companies. Boston's Todd Boudreau handles cross-border transactions for funds and strategic companies, as well as fund formation and institutional investment work.

Practice head(s):

Mitchell Presser

Other key lawyers:

Omar Pringle; Patrick Huard; Dario Avram; Todd Boudreau

Key clients

3CC Partners

Abry Partners

Alpine Investors

Altamont Capital Partners

Aqua Capital

Bridge Investment Partners,

Cohen Private Ventures

Ethos Capital

Fidelio Capital AB

ForeVest

Francisco Partners

Freedom 3 Capital

Fremont Macanta

GI Partners

Granite Bridge Partners

Gryphon Investors

Main Post Partners

Mesoamerica

MGG Investment Group

NorthBridge Partners

Paine Schwartz Partners

Palladium Equity Partners

Peninsula Investments

Quabbin Capital

San Francisco Equity Partners

SoftBank Vision Fund

Tene Capital

Tinicum

Vector Capital Management, L.P.

Virgo Investment Group, LLC

Vision Ridge Partners

Work highlights

  • Advising Pivotal Investment Corporation II on its merger with XL Fleet, a leader in vehicle electrification solutions for commercial and municipal fleets.
  • Advised Vector Capital on its acquisition of Patron Technology.
  • Advised Abry Partners on the sale of its portfolio company, Music Reports, Inc to MidOcean Partners.

Paul Hastings LLP

Paul Hastings LLP is an active player in mid-market private equity, representing funds and portfolio companies in buyouts, exits, and investments, and offering in-house M&A, tax, and debt finance expertise to cover the full spectrum of transactional issues. The team is also globally integrated with its London and Paris offices, enabling it to provide seamless assistance on cross-border deals. Brian Richards heads up the team in Chicago, and has a prolific transactional practice, including regular work for clients including Cortec Group, Fortune International, and Grey Mountain Partners. Also in Chicago, Amit Mehta is recommended for his expertise in structuring private equity transactions, as well as distressed and restructuring-driven acquisitions and sales. Corporate chair Christopher Sheaffer is also active in handling complex PE deals. Brandon Howald heads up the West Coast team, which specializes in tech and life sciences deals. In San Francisco, Mike Kennedy has enjoyed a successful year, closing five transactions over $1bn; his representation of Francisco Partners in the $4.3bn acquisition of LogMeIn is a particular standout. Dana Kromm is noted for her expertise in carve-out acquisitions and cross-border deals.

Practice head(s):

Brian Richards; Brandon Howald

Other key lawyers:

Amit Mehta; Christopher Sheaffer; Brandon Howald; Mike Kennedy; Dana Kromm

Key clients

Francisco Partners

GI Partners

Cohere Capital

Vector Capital

Council Capital

Endeavour Capital

Five Arrows Capital Partners

Industrial Growth Partners

Pine Island Capital Partners

Shorehill Capital

Wynnchurch Capital

Bayside Capital

Cortec Group

The Compass Group

DW Healthcare Partners

L Squared Capital

Sumeru Equity Partners

STG Partners

Seidler Equity Partners

H.I.G. Capital

Work highlights

  • Represented Francisco Partners as lead buy-side counsel in the client’s entry into a definitive agreement alongside Evergreen Coast Capital, for the acquisition of LogMeIn, a leading provider of cloud-based connectivity, for approximately $4.3bn
  • Represented STG Partners in its entry into a definitive agreement for the sale of portfolio company First Advantage to Silver Lake for reportedly in excess of $1.5bn.
  • Represented Cortec Group in acquisitions totaling over $900m in building its new platform, Groundworks.

Proskauer Rose LLP

Proskauer Rose LLP handles a wide range of transactions, advising private equity and growth capital funds on buyouts, investments, and sales, as well as portfolio company M&A, restructurings, and equity financing. The practice is particularly noted for its capabilities in early-stage and growth investments, from seed rounds to later large-scale investments, working in close collaboration with the firm's private credit and investment funds teams. It also has a strong record in working with key relationship funds on biotech, life sciences, and healthcare deals. The team is led from New York by Daniel Ganitsky and Lauren Boglivi. In Boston, Steven Peck advises standout clients such as Seacoast Capital and Firmanent Group on a diverse range of transactions across the US, Canada, and Europe, and also advises on corporate governance and securities issues.

Practice head(s):

Daniel Ganitsky; Lauren Boglivi

Other key lawyers:

Steve Peck

Key clients

The Firmament Group

Five Points Capital

SEDCO Capital

Seacoast Capital

New Mountain Finance Corporation

Pacific Lake Partners

Piney Lake Capital Management

Goldman Sachs Asset Management

Work highlights

  • Advised The Firmament Group on approximately a dozen buyouts and acquisitions.
  • Advised Five Points Capital on its sale to P10 Holdings.
  • Advised SEDCO Capital as lead investor in a PIPE investment in Venus Concept Inc., a medical device company.

Reed Smith LLP

Reed Smith LLP’s private equity team operates across offices in key US commercial centers, with particular strength in New York and Illinois. The firm’s new Dallas office also includes several private equity-focused lawyers. Upper-middle-market work is a mainstay for the team, which has closed deals in the technology, life sciences, and healthcare sectors in 2020. Alongside work with buyout funds, the firm also regularly represents portfolio companies of top PE houses in acquisitions, bolt-ons, and exit planning. Mark Pedretti and Christopher Sheaffer head up the New York team; both are experienced PE lawyers with broad client bases and experience in a variety of sectors. Chicago’s Bradley Schmarak is another key name, and is noted for his work with management teams and a range of equity investors in complex domestic and cross-border transactions.

Practice head(s):

Mark Pedretti; Bradley Schmarak; Christopher Sheaffer

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP advises private equity funds, investors, and target companies on leveraged buyouts, life-cycle investment issues, exits, and financing issues, with integrated capabilities throughout its national, full-service team. Notable clients include Permira and GS Acquisitions, with the practice group working in collaboration with the firm's top-tier M&A department and industry specialist teams on deals in a variety of sectors, most notably life sciences. The team also handles cross-border transactions in conjunction with colleagues from across the firm's global network. The practice group is led from New York by Kenneth Wolff and Stephanie Teicher.

Practice head(s):

Kenneth Wolff; Stephanie Teicher

Work highlights

  • Advised Permira Funds on its $4.2bn sale of Duff & Phelps, LLC to a consortium led by funds managed by Stone Point Capital LLC and Further Global Capital Management, L.P.
  • Represented Wendel in its $910m acquisition of Crisis Prevention Institute from FFL Partners, LLC.
  • Advised OceanSound Partners, L.P. on its acquisition of a majority stake in Netrix, LLC.

Vinson & Elkins LLP

Vinson & Elkins LLP offers an increasingly diverse private equity platform, regularly working with funds from the bulge-bracket to the mid-market in a number of sectors, as well as with targeted industry funds such as Blackstone Infrastructure. The firm continues to dominate the traditional energy PE market, both upstream and downstream, and has also closed a number of energy transition deals, encompassing renewable energy, green tech, and sustainability-focused transactions. Key partners such as New York-based James Fox and Dan Komarek, as well as Houston's Brittany Sakowitz, have been active in areas such as digital transformation, technology, and industrials, working with major funds including Apollo and Riverstone, in addition to management teams and industry funds. The wider team is led from Houston by corporate chair Keith Fullenweider, a highly experienced PE practitioner with a broad client base; Matthew Strock, a key name in the energy market; and David Oelman.

Practice head(s):

Keith Fullenweider; Matthew Strock; David Oelman; Jim Fox

Other key lawyers:

Dan Komarek; Brittany Sakowitz

Testimonials

‘The V&E team has a full complement of attorneys that represent all the core disciplines as well as specialists, which adds confidence and credibility to the types of advice that we receive. The depth of their teams means that they can work within extremely tight timeframes and get deals done at the pace that a transaction requires.’

‘The attorneys at V&E are quick to respond to our needs, regardless of when they come. They are quick to acknowledge when work is received and provide predicable timelines that they can consistently meet.’

‘Extremely responsive and they are keenly aware of the energy industry.’

‘They understand our business and provide practical insights.’

Work highlights

  • Advised Blackstone Infrastructure Partners in connection with its purchase, together with affiliates of Enagas, GIC, NPS and USS, of all of the publicly-held outstanding Class A Shares of Tallgrass Energy, LP (NYSE: TGE) for $22.45 in cash per Class A Share.
  • Advised Spartan Energy Acquisition Corp on the agreement with Fisker Inc. for a business combination that would result in Fisker becoming a publicly listed company.
  • Advised EnCap Investments L.P. on a transaction whereby Devon and WPX Energy have entered into an agreement to combine in an all-stock merger of equals.

Arnold & Porter

Arnold & Porter focuses on the middle-market, and is active in a variety of private equity-backed transactions, acting for funds and portfolio companies on buyouts, exits, minority investments, take-privates, distressed acquisitions, and carve-outs. Notable clients for the team include Castle Harlan, DC Capital Partners, and EQT. The firm has a range of sector expertise, and is particularly capable in the healthcare and medical technology industries, handling a range of growth capital and investment transactions in these areas. The team is jointly led by New York's Stephen Koval, who has a broad and varied transactional practice in the retail, consumer goods, and healthcare sectors; and Washington DC-based Andrew Varner, a regular adviser to DC-area investment firms with strong capabilities in European and Japanese cross-border work. Derek Stoldt in New York co-heads the firm's life sciences practice and is a key contributor to the firm's strength in healthcare, pharma, and medtech deals.

Practice head(s):

Stephen Koval; Andrew Varner

Other key lawyers:

Derek Stoldt

Key clients

Castle Harlan

DC Capital Partners

Emigrant Capital

Endeavor Capital

EQT Partners

Halifax Capital Partners

Harbour Point Capital

Prospect Hill Growth Partners (f/k/a J.W. Childs Equity Partners)

Periphas Capital

NexPhase Capital (f/k/a Moelis Partners)

Onex Corporation

RLJ Equity Partners

Verus Investment Partners (f/k/a Uni-World Capital)

Work highlights

  • Advised Homesnap, a portfolio company of Revolution Ventures and Updata Partners, on its agreement to be acquired by CoStar Group for $250m.
  • Advised Comoto Holdings and its private equity sponsor, Prospect Hill Growth Partners, on the acquisition of REVER.
  • Represented The Retina Group of Washington in the sale of assets and negotiation of a practice management arrangement with PRISM Vision Group.

Choate, Hall & Stewart

Boston-based Choate, Hall & Stewart has an extensive private equity practice, working with a wide range of buyout funds, primarily in the middle-market, on acquisitions, equity investments, and exits. The team has solid cross-border capabilities, and specializes in industry verticals, with sector expertise in areas including technology, telecoms, healthcare, and financial services. Contacts in the team include T.J. Murphy, an experienced mid-market counsel with experience in complex buyouts, equity investments, and recapitalizations; and Lee Feldman, who has a broad practice encompassing work for funds, portfolio companies, and target firms. Also recommended is Rees Murphy, who represents technology-focused funds and their targets, with particular focus on clean tech and software deals.

Practice head(s):

T.J. Murphy; Lee Feldman

Other key lawyers:

Rees Murphy

Key clients

Cobepa

BV Investment Partners

Century Equity Partners

Great Hill Partners

Cove Hill Partners

Mainsail Partners

Riverside Partners

Silversmith Capital Partners

Spectrum Equity

Summit Partners

King & Spalding LLP

King & Spalding LLP has remained active in its core focus areas of energy, healthcare, and insurance, working prolifically with its stable of buyout clients, which includes Capital Dynamics and Brookfield Infrastructure. New York-based Jonathan Melmed has continued his impressive performance, representing the likes of TPG Sixth Street and D.E Shaw in upper-mid-market transactions. The firm’s Atlanta office has had a strong year, with Rahul Patel leading on notable transactions such as H.I.G Capital’s $330m acquisition of USALCO, and Spencer Stockdale also leading on a several important deals. The practice was bolstered by the arrival of Timothy FitzSimons from Jones Day, and the promotion of New York-based Adam Hankiss to partner in January 2020. Hankiss is building a solid reputation in complex energy, infrastructure, and natural resources transactions.

Practice head(s):

Jonathan Melmed; Rahul Patel

Other key lawyers:

Spencer Stockdale; Timothy FitzSimons; Adam Hankiss

Key clients

H.I.G. Capital

Capital Dynamics, Inc.

Starwood Energy Group Global, Inc.

InstarAGF Asset Management

D. E. Shaw Renewable Investments, L.L.C.

Brookfield Infrastructure Partners

TPG Sixth Street Partners

Northlane Capital Partners

Axium Infrastructure

Luminus Partners Master Fund, Ltd.

Work highlights

  • Represented Starwood Energy Group in its acquisition and construction equity financing of Gulf Coast Ammonia, the developer of a $900m hydrous ammonia plant in Texas.
  • Represented Northlane Capital Partners in completing its acquisition of VMG Health.
  • Represented Capital Dynamics in its $900m acquisition on a leveraged buyout basis of an approximately 300MW portfolio of operating solar power plants located in California, Delaware and Arizona from LS Power.

Kramer Levin Naftalis & Frankel LLP

Middle-market specialists Kramer Levin Naftalis & Frankel LLP have remained active, particularly in the healthcare sector, with a number of mandates relating to health insurance and health technology acquisitions. Among its standout highlights, the team represented Stone Point Capital in its acquisition of Coventry Health Care Workers’ Compensation. The New York-based team is headed up by James Moriarty and Ernest Wechsler. Also recommended is managing partner Howard Spilko, who regularly works on domestic and cross-border private equity transactions. Colin Bumby joined the firm from McGuireWoods LLP in January 2020, and Adi Herman joined from Kirkland & Ellis LLP in March 2020.

Practice head(s):

James Moriarty; Ernest Wechsler

Other key lawyers:

Howard Spilko; Adi Herman; Colin Bumby

Key clients

Argand Partners LP

Bluespring Wealth Partners LLC

Cornell Capital

Education Growth Partners

Lumos Capital

Paine Schwartz Partners (Paine Schwartz)

PIMCO’s private equity group

Sentinel Capital Partners

Stone Point Capital

Work highlights

  • Advised Stone Point Capital LLC and Mitchell | Genex (a portfolio company of Stone Point Capital) on the acquisition of Coventry Health Care Workers Compensation, Inc from Aetna Health Holdings, Inc.
  • Advised Argand Partners LP on its acquisition of Midwest Can Company LLC and Container Specialties Inc from GenNx360.
  • Aadvised Paine Schwartz Partners on the establishment of an Animal Health & Nutrition investment platform, AH&N Holdco Inc. (AH&N), with a strategic acquisition through its Paine Schwartz Food Chain Fund IV of Warburton Technology Limited.

McDermott Will & Emery LLP

McDermott Will & Emery LLP expanded its private equity team significantly with the quadruple hire of Craig RasileFrank LaysonSam Snider, and Paul Puckett from DLA Piper LLP (US) in the Miami office, as well as the promotion of Christine Corkran Kretkowski to partner in Washington DC. The group also enjoyed a very active work stream in 2020, which saw continued mandates for notable mid-market clients such as H.I.G Capital and Gemspring, alongside equity investment, portfolio M&A, and target company deals. The PE team works closely with the firm's tax, regulatory, and banking departments, allowing it to handle complex regulatory issues and financing elements. Miami's Harris Siskind leads the team, and regularly works with the firm's key relationship clients including H.I.G, while Chicago-based senior lawyers Brooks Gruemmer and Andrew McCune maintain diverse practices covering buyouts, equity investments, portfolio company deals, and exits.

Practice head(s):

Harris Siskind

Other key lawyers:

Craig Rasile; Frank Layson; Sam Snider; Paul Puckett; Christine Corkran Kretowski; Brooks Gruemmer; Andrew McCune

Key clients

Alpine Investors

Ampersand Capital Partners

Amulet Capital Partners, L.P.

Angeles Equity Partners

Ares Management

Atlantic Street Capital

AUA Private Equity Partners

Blue Sea Capital

Calera Capital Partners

Castle Harlan

CBRE

CenterGate Capital, LP

Comvest Partners

Credit Suisse

DFB Healthcare Acquisitions Corp.

Enhanced Healthcare Partners (“EHP”)

Fireman Capital Partners

Gauge Capital (and portfolio company Comprehensive EyeCare Partners, LLC)

Gemspring Capital Management, LLC

General Atlantic

General Catalyst

Great Point Partners

H.I.G. Capital, LLC/H.I.G. Advantage, LLC/ H.I.G. Growth Partners, LLC

HCI Capital Partners/ HCI Equity Partners, LLC

Hidden Harbor Capital Partners

IA Capital Group

Industrial Opportunity Partners

LaSalle Capital Group

Lee Equity Partners

Lennar Ventures

Lindsey Goldberg

Lorient Capital

Martis Capital

MasterCard

Morgan Stanley & Co. LLC/ J.P. Morgan

Securities LLC

Nautic Partners (and portfolio company Harrington Industrial Plastics LLC)

New Harbor Capital

Northlane Capital

OnCap

Peak Rock Capital LLC

Probo Investment Holdings

Quad-C Management

Rainier Capital Partners

Revelstoke Capital Partners

Rhône Group

RiverGlade

Riverside Partners

Spanos Barber Jesse & Co.

Spring Management OK, LLC

Sterling Partners/The Sterling Group

The O’Neil Family

United Generations

Wellspring Capital Management

Westshore Capital Partners

WindRose Health Investors

Work highlights

  • Represented Martis Capital in connection with the merger of Credible Behavioral Health, Inc., which was a portfolio company of Martis Capital and a leading provider of web-based software for clinic, community, residential and mobile care providers, with and into Crossover Merger Subsidiary, Inc.
  • Represented Care Hospice, Inc., a provider of hospice care services and a portfolio company of Martis Capital, in several transactions, including the acquisition of Altus Home Healthcare of Beaumont, LP,
  • Represented Construction Supply Group (CSG), a portfolio company of The Sterling Group, in its $110m acquisition of Hub Construction Specialties, Inc.

McGuireWoods LLP

McGuireWoods LLP has a prolific mid-market private equity platform, combining high deal volume with a strong focus on growth industries including healthcare, technology, business services, and manufacturing. The team has seen a significant growth in mandates during 2020, from a combination of mid-market buyout houses and industry-focused funds. The group is led by Chicago's Geoffrey Cockrell, an active dealmaker and specialist in healthcare and life sciences transactions, alongside Dallas-based David McLean, who focuses on lower-middle-market work and equity investments. Also in Dallas, Jon Finger is noted for his innovative work with independent sponsors, while in Pittsburgh, Thomas Zahn handles a range of PE-backed corporate transactions, including buyouts, portfolio company deals, and exits.

Practice head(s):

Geoffrey Cockrell; David McLean

Other key lawyers:

Jon Finger; Thomas Zahn

Key clients

Acacia Partners

ASGARD Partners & Co

Align Capital Partners

Audax Group

Capital Southwest Corporation

Falfurrias Capital Partners

Gastro Health Holdco, LLC

LLR Partners

Prairie Capital, L.P.

RAI Acquisition LLC

Revelstoke Capital Partners

Ridgemont Equity Partners

Rising Point Capital

Silver Oak Services Partners

The Center for Orthopedic and Research Excelleance, d/b/a HOPCo

The Speech Pathology Group

Tygon Peak Capital

Tyree & D’Angelo Partners

Women’s Health USA

Work highlights

  • Represented Capital Southwest Partners in its sale of Media Recovery, Inc.
  • Represented Align Capital Partners in its acquisition of Electronic Transaction Consultants (ETC).
  • Represented Farragut Capital Partners, a leading mezzanine and private equity firm, in multiple transactions and investments over the last 12 months.

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP represents private equity funds in buyouts, strategic investments, and exits, regularly working on cross-border deals. Brian Hamilton heads the global private equity team from New York, alongside Rita-Anne O’Neill in Los Angeles.

Winston & Strawn LLP

Winston & Strawn LLP has had an active year, continuing its involvement in deals ranging from the bulge-bracket to the mid-market. The team has a variety of fund clients, and has expertise in buyouts across a broad range of industries, most notably manufacturing and healthcare. Of recent note, the firm enhanced its international reach with the establishment of a partnership with Shanghai-based firm Yuanda China Law Offices, creating new access to the Chinese market as well as adding expertise in Chinese and Asia-Pacific domiciled transactions. The team is led in New York by corporate chair Dominick DeChiara, an experienced mid-market practitioner, and Bradley Vaiana, who specializes in complex PE transactions including carve-outs, distressed acquisitions, special situations, and recapitalizations. Eva Davis heads up the team in Los Angeles, and has a good record in cross-border transactions in aerospace, automotive, energy, and technology. Dallas-based Christina Tate is a regular adviser to food and beverage industry investors.

Practice head(s):

Dom DeChiara; Eva Davis; Brad Vaiana

Other key lawyers:

Christina Tate

Key clients

A&M Capital Advisors

Arbor Investments

Argand Partners

Atlas Holdings

Century Park Capital Partners

CSL Capital Management

CORE Industrial Partners

Diversis Capital

EOS Partners

Frontenac Company

GenNx360 Capital Partners

Highland Avenue Capital Partners

Hudson Hill Capital

Kainos Capital, LP

MML Capital Partners

Paceline Equity Partners

Pacific Avenue Capital Partners

Revelstoke Capital Partners

Reverence Capital Partners

Riordan, Lewis & Haden, Inc.

Shamrock Capital Advisors

Shore Capital Partners

The Vistria Group

VMG Partners

Water Street Healthcare Partners

Windjammer Capital Investors

Work highlights

  • Represented Kainos Capital, a private equity firm focused exclusively on the food and consumer industry, in its acquisition of Nutrisystem.
  • Represented Key Surgical, a portfolio company of Water Street Healthcare Partners, in its sale to STERIS plc for $850m.
  • Represented Upstream Rehabilitation in its acquisition by Revelstoke Single Asset Fund I, L.P.