Firms To Watch: Private equity buyouts

Based out of the emerging Charlotte market, K&L Gates provides cradle-to-grave advice to private equity sponsors and other investors, handling buyouts, exits, and portfolio management in areas including fintech, financial services, and life sciences, with integrated financial and regulatory expertise contributing to a "one stop shop" model. The team is led by Rick Giovannelli.
Pillsbury Winthrop Shaw Pittman, LLP continues its growth trajectory, and is known for its work on buyouts alongside more complex, often cross-border private equity-backed mergers, including portfolio company M&A, fund mergers, and public-private combinations, with clients including major players such as Elliot Management alongside active mid-market names. The team is led by Stephen Amdur and Jeffrey Delaney in New York.

Private equity buyouts in United States

Kirkland & Ellis LLP

Kirkland & Ellis LLP remains a powerhouse, handling a steady stream of sponsor-led private equity deals throughout the bulge-bracket and middle market on behalf of the major players in the field, including KKR, Blackstone, Bain, and BC Partners, among others. The firm has a strong presence across the US, with active offices in New York, Boston, Chicago, Dallas, and Los Angeles, and further is able to work in collaboration with its global platform alongside integrated finance, tech, and regulatory teams. Alongside buyouts and exits, the team also advises on complex and innovative arrangements, including SPAC deals and continuation fund transactions, leveraging its fund formation capabilities for the latter. Key names in the team include global chairman Jon Ballis in Chicago, an authority on private equity issues who continues to act on major deals for the likes of Cerberus and TPG, Peter Martelli, who has led buyouts and portfolio company deals for Blackstone and BC Partners, and Eunu Chun, an experienced dealmaker with expertise across the life-cycle of private equity investments. Jennifer Perkins has a strong record in domestic and cross-border buyouts and exits, with standout work on behalf of KKR. Laura Steinke joined the firm from Ropes & Gray LLP in September 2021, and is noted for her international expertise and prolific deal count. Jonathan Benloulou divides his time between Los Angeles and Dallas, and specializes in asset manager M&A. Also in Los Angeles, Damon Fisher is a key name for SPAC deals. Attorneys are in New York unless otherwise stated.

Other key lawyers:

Jon Ballis; Peter Martelli; Eunu Chun; Jennifer Perkins; Michael Weisser; Laura Steinke; Jonathan Benloulou; Lauren Colasacco; Corey Fox; Brittany Sakowitz

Key clients

Apax Partners

Apollo Global Management

Ares Management Corporation

Bain Capital Private Equity

BC Partners

Blackstone Inc.

The Carlyle Group

Centerbridge Partners

Francisco Partners

GTCR

The Jordan Company

KKR

Madison Dearborn Partners

Sun Capital Partners

TA Associates

Thoma Bravo

Thomas H. Lee Partners

TPG Capital

Vista Equity Partners

Warburg Pincus

Latham & Watkins LLP

Latham & Watkins LLP offers a strong international service to private equity clients, including a deep and experienced bench of lawyers across key commercial centres such as California, New York, Washington DC, Houston, and Boston, as well as working in close collaboration with its global offices on cross-border (both inbound and outbound) investments. The team handles bulge-bracket and middle-market transactions, including buyouts, take-privates, and minority investments, life-cycle investment support for portfolio companies, and also advises on complex arrangements such as cross-border carve outs and SPAC transactions, both acquisitions and take-publics. The team is led from Washington DC by global PE head Paul Sheridan, who focuses on major buyouts, primarily cross-border, and leads the firm’s relationship with Onex, among other clients, while corporate head Daniel Lennon in DC and the highly experienced Howard Sobel are also key senior names in the team, with notable client relationships including Carlyle and Leonard Green. David Allinson  continued his impressive work in the energy sector, advising Arclight Capital Partners on the $1.9bn acquisition of a fossil generation portfolio, while Justin Hamill advised key client KKR on its $1.1bn acquisition of KMR Music Royalties from Kobalt. Alexandra Kelly  remains highly active, and Boston’s Kristen Grannis is noted for her middle-market expertise, particularly her work on late-stage pre-IPO ‘unicorn’ investments. Lawyers are in New York unless otherwise stated.

Practice head(s):

Paul Sheridan

Other key lawyers:

Daniel Lennon; Howard Sobel; Alexandra Kelly; David Allinson; Justin Hamill; Kristen Grannis; Cory Tull

Testimonials

Latham has an extremely deep and strong bench with exceptional industry and transaction experience. They are one of our go-to firms for complex and fast-moving transactions.’

‘Alex Kelly displays a very commercial mindset to her advice and helps guide clients through complex issues in competitive and time-sensitive situations.’

‘Extremely high responsiveness; deep and wide market intelligence; genuinely thoughtful and strategic; personable and highly protective of the client relationship.’

‘Alex Kelly is a trusted adviser who prioritizes our matters even when she is deeply engaged with other work. She’s incredibly responsive and deeply knowledgeable.’

Work highlights

    Paul, Weiss, Rifkind, Wharton & Garrison LLP

    Paul, Weiss, Rifkind, Wharton & Garrison LLP combines headline deal involvements with a pipeline of transactions on behalf of blue-chip private equity funds such as Apollo, General Atlantic, and Ares, working across the bulge-bracket and middle market on buyouts, exits, minority investments, and innovative arrangements such as SPAC deals. The firm is noted for its senior leadership on complex deals, with practice co-head Matthew W. Abbott advising General Atlantic on its $1.5 billion investment in Articulate Global as well as a number of other transactions, alongside standout transactional partners Ellen Ching, Neil Goldman, and Brian Lavin. Co-head Taurie M. Zeitzer remains a leading name in the market, advising long-standing client Apollo on its $5 billion acquisition of Verizon Media, while Brian Scrivani is noted for his prolific practice, handling a broad range of buyouts and portfolio company deals, as well as corporate governance issues. Ted Ackerman advised Brookfield and Simon Property Group in their acquisition of assets of JC Penney in bankruptcy, continuing his strong record in carve-outs and portfolio M&A. Angelo Bonvino is a senior practitioner who acts as relationship partner for top clients including Kohlberg & Co and Oak Hill Capital, while Sarah Stasny is increasingly influential, representing Roark Capital in a variety of strategic acquisitions. Justin Rosenberg remains a name to watch, maintaining a diverse client base, while Jeffrey Kochian and Gerald Brant joined the team from Akin Gump Strauss Hauer & Feld LLP in November 2021, deepening the firm’s Apollo relationship as well as expanding its capabilities in mid-market and portfolio company work. All lawyers are in New York.

    Practice head(s):

    Matthew W. Abbott; Taurie M. Zeitzer

    Other key lawyers:

    Ted Ackerman; Angelo Bonvino; Ellen Ching; Neil Goldman; Brian Lavin; Justin Rosenberg; Sarah Stasny; Jeffrey Kochian; Gerald Brant; Brian Scrivani

    Testimonials

    ‘The Private Equity buyouts practice at Paul Weiss provides deep expertise and knowledge to each transaction, including awareness of emerging trends and unique aspects to process and approach that other firms may not have or may miss. They focus on knowing their clients and always being available and quick to respond with answers and solutions.’

    ‘Brian Lavin has been a reliable and trusted “go-to” resource. Brian knows his client’s business, knows the details that matter, understands the market and brings a practical solution oriented approach to all he does. Brian appropriately allocated resources in a strategic but cost effective way.’

     

    Work highlights

      Simpson Thacher & Bartlett LLP

      Praised for its ‘knowledge‘ and ‘leadership‘ within the private equity market, Simpson Thacher & Bartlett LLP is a regular advisor to many of the largest and most active funds in the market, handling bulge-bracket and volume mandates for the likes of Blackstone, Apollo, and Warburg Pincus, alongside many others. The firm advises on major buyouts and portfolio transactions, including several of the largest deals in the market, and is able to handle complex arrangements such as carve-outs, take-privates, and consortium arrangements such as Blackstone, Carlyle and Hellman & Friedman’s majority investment in Medline Industries, Inc. ‘True leaderMarni Lerner co-heads the team, and remains a leading name in the market, regularly handling high-profile deals such as KKR’s $4.7bn buyout of Global Atlantic, which also saw a key role for Katie Sudol. Co-head Elizabeth Cooper is noted for her active work on behalf of Blackstone, most notably the $5bn acquisition of The Chamberlain Group from Duchossois alongside Anthony Vernace, who continues to establish himself as a go-to for major private equity deals. The highly experienced Gary Horowitz is a senior figure within the team who offers strategic guidance to funds clients, while Palo Alto-based Atif Azher is a key figure for the firm on the West Coast and particularly strong in tech sector transactions. Michael Holick has a growing profile within the market, and is increasingly active on behalf of many of the firm’s bulge-bracket clients and portfolio companies. Lawyers are in New York unless otherwise stated.

      Practice head(s):

      Marni Lerner; Elizabeth Cooper

      Other key lawyers:

      Gary Horowitz; Anthony Vernace; Atif Azher; Michael Holick

      Testimonials

      ‘Unparalleled market knowledge and unquestionable market leadership in the private equity space.’

      ‘Marni Lerner is a true leader in this field whose market knowledge and excellent client bedside manner is so appreciated.’

      Key clients

      AEA Investors

      Alinda Capital Partners

      Angeles Equity

      Apax Partners

      Apollo Global Management

      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

      • Advised Blackstone, Carlyle and Hellman & Friedman on their majority investment in Medline Industries, Inc.
      • Advised EQT VIII fund and Aldevron on its $9.6 billion sale of Aldevron to Danaher Corporation.
      • Advised Stonepeak Infrastructure Partners on its $8.1 billion acquisition of Astound Broadband.

      Cleary Gottlieb Steen & Hamilton

      Cleary Gottlieb Steen & Hamilton   works with bulge-bracket funds such as Brookfield, Carlyle, and Warburg Pincus, handling a combination of large-scale buyouts, investments, and acquisitions on the sponsor-side, as well as advising other investors, and more notably portfolio companies on M&A, financing, and governance issues. Alongside traditional buyout work, the team also advises sponsors on innovative matters such as buy-and-build strategies, early-stage investments, and continuation deals, including sales of assets to other sponsors as well as internally to successor funds containing similar LPs. David Leinwand heads up the New York-based team, and is an active relationship partner for Warburg Pincus, advising on a wide range of transactions during 2021, including a complex investment for portfolio company Infoblox. Matthew Salerno  also regularly advises Warburg alongside other top clients including TPG, for whom he advised on the sale of portfolio company Astound Broadband to Stonepeak Infrastructure for $8.1bn. The vastly experienced Paul Shim remains active in the market as well as an authority on issues within the private equity sector, regularly contributing to thought leadership, while Paul Imperatore became a partner in January 2022 in recognition of his growing profile in the market, including work on a number of major deals for Warburg Pincus. James Langston is also a key name for domestic and cross-border buyouts, joint ventures, and associated corporate governance matters. The practice was bolstered in October 2021 with the arrival of John Kupiec from Vinson & Elkins LLP, further strengthening the firm’s relationships with key clients including TPG.

      Practice head(s):

      David Leinwand

      Other key lawyers:

      Paul Shim; Matt Salerno; John Kupiec; Paul Imperatore; James Langston; Chris Condlin

      Testimonials

      ‘Cleary regularly deploys a high-quality team and works with efficiency and savvy. They focus their time and resources on the important issues and don’t waste efforts – or the clients’ time or money – on negotiating points that ultimately don’t move the needle commercially or in terms of the legal risk profile.’

      ‘Paul Shim in New York is a standout and and Chris Condlin deserves special mention for his knowledge, judgement, organization and tireless effort.’

      Key clients

      Altaris Capital

      Anchorage Capital

      Brookfield Asset Management

      The Carlyle Group

      Cascade Asset Management Company

      GTCR

      Schibsted/Adevinta

      TPG Capital

      Warburg Pincus

      Work highlights

      • Advised Brookfield Business Partners L.P. in its acquisition of Scientific Games Corporation’s global lottery services and technology business for approximately $5.8 billion.
      • Advised Warburg Pincus and its portfolio companies in numerous significant transactions.
      • Advised Allied Universal in its recommended offer to acquire the entire issued and to be issued share capital of British private security firm G4S for an aggregate equity value of approximately $5.3 billion.

      Debevoise & Plimpton LLP

      Debevoise & Plimpton LLP prioritises complex, high-value deals for a wide range of top private equity sponsors, regularly acting for clients including Blackstone, CPPIB, and Carlyle, on major buyouts, exits, and more bespoke arrangements such as SPAC and de-SPAC deals. The firm’s growing profile in the private equity space was reflected in its expansion into San Francisco, as well as its opening of a Luxembourg office, deepening its international reach. The team offers a deep and experience bench, led by Kevin Schmidt , an experienced advisor to the likes of Blackstone and CPPIB, and a regular contributor to thought leadership in the private equity space. Schmidt, alongside standout transactional partners Kevin Rinker  and Uri Herzberg, represented CD&R in its complex purchase and combination of Fort Dearborn and MultiColor, a deal involving the simultaneous acquisition of companies from two separate sellers. Paul Bird is another key name, handling the full range of corporate issues relating to private equity deals, while Jennifer Chu is particularly active in the healthcare and tech spaces. Christopher Anthony continues to emerge as a leader within the team, handling major deals for CD&R alongside Carlyle and Stone Point. All attorneys are in New York.

      Practice head(s):

      Kevin Schmidt

      Other key lawyers:

      Christopher Anthony; Kevin Rinker; Paul Bird; Jennifer Chu; Uri Herzberg; Erica Weisgerber

      Testimonials

      ‘Kevin Schmidt – Great client service as relationship partner, as well as business-minded advisor.’

      Erica Weisgerber – Clearly vested in delivering desired outcomes, super responsive.

      ‘Commercial capabilities, innovative and strategic counsel.’

      ‘The best in the industry in terms of balancing conservativism, creative solutions and and understanding of my commercial business. In my industry there are as integral a partner to us as any deal team member, rather than a third party we simply rely on.’

      ‘Uri Herzberg and Kevin Rinker are the two best lawyers I have worked with in my career. Uri is the best lawyer I have met in terms of content knowledge, and client engagement and responsiveness. Kevin is someone who understands our business so well that he can act as both a legal and commercial partner to help us get to the best deals.’

      Key clients

      The Blackstone Group

      Canada Pension Plan Investment Board (CPPIB)

      The Carlyle Group

      Clayton, Dubilier & Rice

      Morgan Stanley Private Equity

      Precision Medicine Group

      Stone Point Capital

      TPG

      Work highlights

      • Representing CD&R in a definitive agreement under which CD&R funds will acquire and combine Fort Dearborn and Multi-Color Corporation.
      • Advising Capco and CD&R on a $1.45 billion transaction under which Capco was acquired by Wipro Limited.
      • Represented Blackstone Group in its $2.1 billion investment in Medable.

      Ropes & Gray LLP

      Ropes & Gray LLP leverages its broad US-wide and international platform, with coverage across the UK, Europe, and Asia, and is active across mid-market and bulge-bracket transactions for a range of major funds, both US-based and European. The firm handles buyouts, joint ventures, and portfolio company M&A, including cross-border deals, and is able to service complex transactions with integrated tax, financing, and regulatory expertise. The team is co-headed by David Blittner in New York, an experienced practitioner with expertise in a wide range of transactions including innovative SPAC structures- notably representing CCMP and portfolio company Hillman Group in the $2.6bn merger with Lancadia Holdings III. In Boston, co-head Amanda Morrison has a strong record across global buyouts and disposals, working for international clients such as Cinven. New York-based Carolyn Vardi remains a key name for complex international transactions, including strategic acquisitions, take-privates, and investments. San Francisco’s Minh-Chau Le has a growing reputation for handling complex carve-outs and portfolio transactions for the likes of Vista and TPG. Neill Jakobe is another key name for complex transactions, and advised Baring Asia on its carve-out acquisition of HGS Healthcare for $1.2bn.

      Practice head(s):

      Amanda Morrison; David Blittner

      Other key lawyers:

      Carolyn Vardi; Neil Jakobe; Mihn-Chau Le; Bob Rivollier

      Testimonials

      ‘Level of sophistication and ability to handle complex transactions and situations is a differentiator for Ropes and Gray.’

      ‘Virtually all of the individuals we have engaged with at Ropes and Gray are best-in-class.’

      ‘Ropes is a first class international law firm. Ropes has gained about 80% of our market share because of their reliability, first-class lawyers, specialist capabilities, and frankly, we trust them as they have given us great advice time and time again.

      David Blittner is one of the best lawyers in private equity M&A.

      ‘Bob Rivollier is a lawyer that I have extensive experience with and my go-to private equity lawyer in the United States. He is excellent, a first-class lawyer, and someone I admire and consider a business partner.

       

      Key clients

      Advent International Corporation

      Audax Group

      American Industrial Partners

      Avista Capital Partners

      Bain Capital

      Baring Private Equity Asia

      Berkshire Partners

      Blackstone Group

      CCMP Capital Advisors

      Charlesbank Capital Partners

      Cinven

      Cove Hill Partners

      Gauge Capital

      GHO Capital Partners

      GI Manager

      Golden Gate Capital

      Harvest Partners

      H.I.G. Capital

      Kohlberg & Company

      New Mountain Capital

      Partners Group

      Silver Lake Partners

      The Vistria Group

      TSG Consumer Partners

      TPG Capital

      Work highlights

        Weil, Gotshal & Manges LLP

        Weil, Gotshal & Manges LLP remains a key player in the private equity space, prioritising a high volume of deals on behalf of major relationship clients such as Advent International, Blackstone, and Goldman Sachs, to name a few, with expertise in the bulge-bracket through to the middle-market, and in a wide range of transactional arrangements, from buyouts and minority investments through to carve-outs, take-privates, and growth equity deals. The firm is also noted for its strong record in key growth industries such as tech and software, as well as in innovative deal structures, with a leading role in several SPAC transactions, most notably Gores Guggenheim, Inc’s $20bn merger with Polestar, as well as 50-50 fund exits and continuity fund deals. The practice is led from New York by Doug Warner , who counts among his relationship clients TPG, EQT Partners, and Centerbridge, remaining highly active in high-value private equity-backed deals, alongside Kevin Sullivan in Boston, who works prolifically on behalf of Providence and its associated portfolio companies. New York’s Christopher Machera advises top funds including Blackstone on buyouts and minority investments, and has notable capabilities in advising portfolio companies on governance issues and distressed situations. In Boston, Ramona Nee won plaudits for her key role in Advent’s purchase of McAfee for an estimated $14bn, a deal which included over 70 add-on transactions in a variety of jurisdictions.

        Practice head(s):

        Doug Warner; Kevin Sullivan

        Other key lawyers:

        Christopher Machera; Ramona Nee

        Key clients

        Advent International

        American Securities

        Apollo

        Ardian

        Aterian Investment Partners

        Berkshire Partners

        Blackstone

        Centerbridge Partners

        Charlesbank Capital Partners

        Cornell Capital

        CPP Investments

        CVC

        EQT

        Genstar Capital

        Goldman Sachs

        The Gores Group

        ICG Strategic Equity

        Lee Equity Partners

        Northleaf Capital Partners

        Oak Hill Capital Partners

        OMERS Private Equity

        Providence Equity Partners

        PSG

        PSP Investments

        Searchlight Capital Partners

        Snow Phipps Group

        Tidemark Capital

        TCV

        TPG

        Trive Capital

        Work highlights

        • Advising Advent International and CPP Investments, as part of an investor group, in the investor group’s pending approximately $14 billion acquisition of McAfee.
        • Advised Gores Guggenheim, Inc., a SPAC sponsored by affiliates of The Gores Group and Guggenheim Capital, in its pending $20 billion business combination with Polestar Performance.
        • Advised Goldman Sachs as the founding and largest shareholder of Global Atlantic Financial Group Limited in KKR’s acquisition of a controlling interest in Global Atlantic in a transaction valued at approximately $4.7 billion.

        Willkie Farr & Gallagher LLP

        Willkie Farr & Gallagher LLP enjoys productive relationships with major names across the mid-market and bulge bracket, combining strong deal volume and high transactional value in its work for the likes of Insight, Warburg Pincus, and Centerbridge. The team advises on buyouts, exits, take-privates, and buy-and-build transactions, with involvement in key areas such as retail, technology, life sciences, and healthcare, and also regularly handles cross-border buyouts in collaboration with its international offices, with one notable example being the firm’s work for Genstar in the sale of ISS to Deutsche Borse, a key deal for practice co-head Jeffrey Poss. Poss leads the team alongside Neil Townsend, who remains an active dealmaker on behalf of key relationship clients and regularly takes point on deals in the optical sector. Morgan Elwyn regularly closes high-value deals for top clients, particularly Insight, while New York managing partner Rosalind Fahey Kruse is strong in the healthcare and life sciences spaces. Matthew Rizzo is highly active in the mid-market, particularly healthcare and biotech. Attorneys are in New York unless otherwise stated.

        Practice head(s):

        Jeffrey Poss; Neil Townsend

        Other key lawyers:

        Morgan Elwyn; Rosalind Fahey Kruse; Matthew Rizzo

        Key clients

        Aquiline Capital Partners and Aquiline Technology Growth

        Calvert Street Capital Partners

        The CapStreet Group

        Centerbridge Partners

        CIP Capital

        Court Square

        FFL Partners

        Genstar Capital

        Insight Partners

        PAI Partners

        TowerBrook

        Warburg Pincus

        Work highlights

        • Represented Insight Partners as part of an equity consortium in the acquisition of Inovalon for approximately $7.3 billion.
        • Represented Sphera and Genstar Capital in connection with Genstar’s sale of Sphera to private equity funds managed by Blackstone for $1.4 billion.
        • Represented Summit BHC, a leading provider of behavioral health and addiction treatment services, and FFL Partners and Lee Equity Partners, in the sale of Summit BHC from FFL and Lee Equity to Patient Square Capital.

        Davis Polk & Wardwell LLP

        Davis Polk & Wardwell LLP has continued to expand its presence in bulge-bracket deals, also remaining prolific in its traditional upper mid-market space, with standout mandates for market players such as Goldman Sachs, Cerberus, and Brookfield. The firm leverages its leading M&A practice and associated tax, finance, and regulatory offerings to handle a wide range of complex buyouts, exits, portfolio company transactions, and follow-on deals, and is also noted for its work with management teams on executive compensation. A standout bulge-bracket deal for the firm was its representation of BDT in its $6 billion acquisition of Culligan International from Advent International and Centerbridge, led by Marc Williams and Evan Rosen, while Michael Davis was highly active in private equity-backed transactions, handling several key deals for Lightyear Capital. Practice heads John Amorosi and William Chudd continued their productive practices, with Amorosi leading a number of mid-market deals for Goldman Sachs, while Chudd handled the complex $2.6bn merger of Atairos portfolio company Bowlero Corp and Isos Acquisition Corporation. All lawyers are in New York.

        Practice head(s):

        John Amorosi; William Chudd

        Other key lawyers:

        Michael Davis; Marc Williams; Evan Rosen

        Work highlights

          Dechert LLP

          Dechert LLP distinguishes itself with its strong global reach, acting for a wide range of private equity funds and other investors across key jurisdictions, and maintains its record in cross-border deals. The team works with its offices across Europe, Asia, and the Middle East on inbound and outbound work involving US investors or targets, and is able to provide lifecycle support to funds. The practice has continued to expand both in terms of clients, with Seawall Capital a standout client win, and at senior level, with Sarah Kupferman promoted to partner in January 2021 in recognition of her emerging role in buyouts and portfolio company M&A. Mark E Thierfelder  leads the team, and remains active on behalf of top clients including GIC, Cerberus, and CVC, representing GIC as part of a consortium in its landmark $34bn acquisition of Medline. Jonathan Kim continues to combine deal value and deal volume effectively, working with major funds on bulge-bracket and mid-market deals, while Ken Young divides his time between New York and Pennsylvania, co-heading the domestic PE team and handling complex, often cross-border deals in the technology, financial services and energy sectors, among others. Derek M Winokur  has closed a number of major strategic deals for One Equity Partners and portfolio companies during 2021, and also remains active on behalf of other strategic buyers and sellers Lawyers are in New York unless otherwise stated.

          Practice head(s):

          Mark E Thierfelder

          Other key lawyers:

          Sarah Kupferman; Jonathan Kim; Ken Young; Derek M Winokur

          Key clients

          CVC Capital Partners

          Cerberus Capital Management

          GIC

          Centre Partners

          One Equity Partners

          Ridgemont Equity Partners

          Blackstone Tactical Opportunities

          Sterling Investment Partners

          Bregal Investments

          Quilvest Capital Partners

          Court Square Capital Partners

          Work highlights

          • Advised GIC as part of an investor group with the acquisition of a majority stake in medical supply company Medline for a media reported enterprise value of approximately US$34 billion.
          • Advised CVC Capital Partners as leader of the investor consortium sponsoring the transaction to combine WorldWide Express, LLC and GlobalTranz.
          • Advised Cerberus Capital Management, L.P. in connection with the acquisition of Lighthouse Autism Center.

          Fried, Frank, Harris, Shriver & Jacobson LLP

          Fried, Frank, Harris, Shriver & Jacobson LLP maintains productive relationships with a range of big-name bulge bracket and middle market private equity funds, handling big-ticket work for the likes of Permira, Redbird, and AEA Investors. A standout representation for the firm was advising Permira as part of a consortium purchasing MacAfee for $14bn. Alongside its work on PE-backed buyouts, the firm is also noted for its key role in GP stake and asset manager-led transactions, advising the likes of Goldman Sachs and Wafra on these innovative deals. The practice is led by Steven Steinman, who leads the firm’s AEA relationship among those with other key clients, having led on AEA’s sale of 1 800 Contacts to KKR, alongside Christopher Ewan, also an active transactional counsel to funds. Andrew Colosimo has played a key role in the firm’s asset manager M&A work, while Randi Lally stands out for her advice on GP-led transactions alongside seed-and-stake deals, another area of strength for the firm. In Washington DC., Brian Mangino has seen a prolific 2021 on behalf of relationship client Permira alongside Andrea Gede-Lange, with Mangino leading on the McAfee deal and Gede-Lange advising on several other key transactions. Mark Lucas has led notable transactions for Redbird and Goldman Sachs across a wide range of sectors. Senior figure Robert Schwenkel is now of counsel at the firm, and is known for his continued work on club deals.

          Practice head(s):

          Christopher Ewan; Steven Steinman

          Other key lawyers:

          Andrew Colosimo; Randi Lally; Brian Mangino; Andrea Gede-Lang; Mark Lucas; Robert Schwenkel

          Testimonials

          ‘This team is very experienced and knowledgeable. They are great at negotiating deals, documenting them and then giving clear advice on all the important business and legal terms. They are also very available and responsive and can move at lighting speed.’

          ‘The people we work with are experienced, knowledgeable, incredibly responsive and great communicators. They are able to educate clients on the latest market terms and help them negotiate and execute complex deals fast.’

          ‘Breadth of legal counsel. High-quality client service – very engaged and communicative.’

          ‘Mark Lucas – very client focused, delivers high-quality execution. Outstanding commercial judgment – analytical, insightful, and balanced. Engaged and responsive, works collaboratively with internal deal teams, internal counsel, and other partners on deals.’

          Key clients

          Permira Advisers

          Dyal Capital Partners

          AEA Investors

          RedBird Capital Partners

          CVC Capital Partners

          Humana, Inc.

          Yellow Wood Capital Partners

          Goldman Sachs

          Genesys Telecommunications Laboratories, Inc.

          Wafra Capital Partners

          Work highlights

          • Advised a buyer consortium including Permira, Advent International Corporation, Crosspoint Capital partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly owned subsidiary of the Abu Dhabi Investment Authority, in the $14b acquisition of McAfee Corporation.
          • Advised Dyal Capital Partners in its agreement with Owl Rock Capital Partners LP and Altimar Acquisition Corp. to form Blue Owl Capital Inc., an alternative asset management firm.
          • Advised Onex Corporation and its affiliated funds in its majority investment in OneDigital.

          Gibson, Dunn & Crutcher LLP

          Gibson, Dunn & Crutcher LLP has continued to expand its private equity team, recruiting domestic and cross-border middle-market specialist Lilit Voskanyan in January 2021 from Kirkland & Ellis LLP, and New York’s Marwan Azzi, who focuses on energy and infrastructure work, from White & Case LLP in August 2021. Elsewhere, the team advises a wide range of sponsor clients, including private equity houses, sovereign wealth funds, and growth capital investors on buyouts, minority investments, and portfolio company M&A, with a strong focus on multi-jurisdictional dealmaking. The team is now led by Ari Lanin in Los Angeles, who enjoys productive relationships with the likes of Platinum Equity, and Richard Birns in New York, known for his work in the technology, media, sports, and entertainment sectors. Also in New York, Steven Shoemate is a trusted advisor for private equity deals, private M&A, and associated corporate issues, while Century City’s Candice Choh advises sponsors on transactions and internal governance issues, with Leonard Green & Partners a notable client. In New York, Sean Griffiths maintains a strong record in complex carve-out and spin off transactions.

          Practice head(s):

          Richard Birns; Ari Lannin

          Other key lawyers:

          Lilit Voskanyan; Laura Rupenian; Marwan Azzi; Sean Griffiths; Steven Shoemate; Candice Choh

          Work highlights

            Jones Day

            Jones Day is active across the US private equity market, advising relationship clients such as Riverside and Eagletree on a wide range of buyouts, exits, minority investments, and portfolio company issues. The team is geographically diverse, with strong presences in New York, Cleveland, and Chicago, and offers a combination of strong transactional expertise alongside in-house corporate and regulatory capabilities. Alongside work for long-term clients, the firm has expanded its share of work for leading players, with Washington DC-based Daniel Michaels advising American Industrial Partners on the purchase of Raytheon’s Missile Defense businesses by its portfolio company Vertex Aerospace, a complex transaction that also saw a key role for New York-based transactional partner Justin Macke. The team is led by Andrew Levine  in New York, who has a strong record in global  deals and regularly advises the likes of EagleTree and JF Lehman on major transactions, while Cleveland’s Denise Carkhuff is a key name for buyouts, private M&A, and advice to management teams. In Chicago, Lisa Lathrop is a prolific transactional advisor to a range of private equity sponsors throughout the life-cycle of investments, while Detroit-based Lara Pender is noted for her work on early-stage and venture transactions. New York-based associate Emily Cai (NEEDS TAGGING) has an emerging reputation for global transactions across a variety of industries, including energy, telecoms, and industrials.

            Practice head(s):

            Andrew Levine

            Other key lawyers:

            Denise Carkhuff; Lisa Lathrop; Justin Macke; Lara Pender; Emily Cai; Charles Hardin; Daniel Michaels; Robert Profusek

            Testimonials

            ‘Very practical approach to solving problems and getting deals done.’

            ‘Great team that covers off all aspects of transactional workflow. The team works very well and communicates well together to ensure unified client approach. Very responsive team, quick turn around times, thoughtful consideration to the issues at hand. All of this leads to a well balanced reasoned approach to navigating complex issues.’

            ‘Robert Profusek, a legend of transactional work. Bob brings with him a wealth of information, and practical solutions. Always willing to engage and discuss, no issue is too small for him to engage with.’

            Andrew Levine, incredibly talented at structuring, negotiating and drafting all aspects of complex transactions. Andy is able to Andy is always available, keeps the client on track, responsive, approachable and a joy to work with.’

            ‘Jones Day performs almost all of our legal work in the US and they do the majority of our work worldwide. They have earned our business based on the high quality of their legal work, the responsiveness of their efforts, the soundness of their advice and value they add.’

            The level of service we have received from Jones Day has been superb, encompassing excellent legal advice, extreme responsiveness, unsurpassed attention to detail and, most importantly, the utmost attention to our needs and concerns.’

            ‘Our main point of contact at Jones Day is Chuck Hardin, who is an exceptional business lawyer himself and also does a wonderful job making the considerable global assets of the firm available to us 24/7.’

            Key clients

            The Riverside Company

            Group EagleTree Capital

            J.F. Lehman & Company

            American Industrial Partners

            Morgan Stanley Capital Partners

            Cortec

            Kohlberg Kravis Roberts & Co.

            Koch

            HCI Equity Partners

            Centre Lane

            Arsenal Capital Partners

            Work highlights

            • Represented investment funds managed by EagleTree Capital in the sale of Airtech Group, US Valve Corporation, and related entities to IDEX Corporation for $470 million.
            • Advised Koch Minerals & Trading, LLC, together with Cerberus Capital Management, L.P., in its $1.1 billion acquisition of the PQ Performance Chemicals business of PQ Group Holdings Inc.
            • Advised The Riverside Company in the sale of Arrowhead Engineered Products to Genstar.

            Morgan, Lewis & Bockius LLP

            The team at Morgan, Lewis & Bockius LLP continues to handle deals for major market players such as Platinum Equity, Ares, and Apollo, as well as maintaining its active mid-market transactional offering. The firm also works with portfolio companies and has a strong management-side practice, alongside working regularly with industry-specific funds and distressed investors, handling buyouts, investments, exits, and turnaround opportunities. The team has expertise in retail, technology, energy, life sciences, and financial services sectors, and is also highly active in SPAC deals globally, working with its international offices on SPAC formation, structuring and M&A matters. The team is jointly led by New York’s Christina Melendi, who advises a number of funds and portfolio companies, with a specific focus on retail and e-commerce work, alongside Orange County-based Todd Hentges, who has expertise in the technology, healthcare, sports and entertainment sectors, advising on PE and SPAC transactions for major clients including Platinum Equity, and Philadelphia's Kevin Schmelzer, who advises on buyouts, carve-outs, and distressed acquisitions. New York’s Allison Gargano has an emerging practice, advising funds and portfolio companies on deals, primarily in the retail, healthcare, life sciences, fintech, and financial services industries.

            Practice head(s):

            Christina Melendi; Todd Hentges; Kevin Shmelzer

            Other key lawyers:

            Allison Gargano; Jon Morris

            Testimonials

            ‘Thoughtful advisory style of collaboration. Willing to have a point of view. Deep functional team.’

            ‘Warm, funny, insightful, act like fiduciaries.’

            ‘Amazing integrated corporate offering with talented specialists in all practice areas that work efficiently together. I also like that they keep staffing consistent so the lawyers really know the client.’

            ‘Jon Morris is the best corporate attorney. Always on and always get my deals done. Super creative.’

            Key clients

            Apollo Global Management

            Ares Management

            Platinum Equity

            Freeman Spogli

            Sun Capital Partners

            Varsity Healthcare Partners

            LLR Partners

            Lovell Minnick Partners

            OpenGate Capital

            StoneCalibre

            Artemis Capital

            Work highlights

            • Represented Platinum Equity in its $7.2 billion acquisition of Ingram Micro Inc from HNA Technology Co., Ltd.
            • Represented Freeman Spogli and its portfolio company, Green Garden Products, in the $532 million sale of Green Garden Products to Central Garden & Pet Green Garden Products.
            • Represented 10X Capital Venture Acquisition Corp., a publicly traded SPAC, in its business combination with REE Automotive.

            White & Case LLP

            White & Case LLP stands out for its global platform and consistent range of high-value work across the US, Europe, Africa, and Asia, advising active sponsors and their portfolio companies on deals across a wide range of industries, with particular strength in the firm’s long-standing specialisms of infrastructure and energy. The firm enjoys productive relationships with top funds including Brookfield, CVC, and Macquarie, with the firm’s work with Brookfield on its $10.8 billion unsolicited bid to acquire Inter Pipeline, eventually successful, a standout mandate from 2021, and a notable victory for global private equity co-head Oliver Brahmst , who remains a go-to for cross-border bulge bracket deals. Also of note for the firm is its SPAC offering, which has seen it work on a combination of capital raisings and deals for private equity sponsors utilising the structure. Co-head John Reiss is active on behalf of major relationship clients such as Roark Capital and Harvest Partners, while Germaine Nicole Gurr has also seen a productive year, closing a number of PE and venture-capital backed deals for Schneider Electric. Chicago’s Gary Silverman combines a high deal volume with involvement in high-value deals, and works across a range of sectors including manufacturing, consumer products, life sciences, and technology, while Luke Laumann has represented Macquarie in several complex deals. Daniel Kozin was promoted to partner in January 2022, and has worked with the likes of Macquarie and CVC. Lawyers are in New York unless otherwise stated.

            Practice head(s):

            John Reiss: Oliver Brahmst

            Other key lawyers:

            Germaine Nicole Gurr; Gary Silverman; Daniel Kozin; Luke Laumann

            Key clients

            CVC Capital Partners

            Brookfield Asset Management & Brookfield Infrastructure Partners

            Roark Capital Group

            IFM Investors

            HgCapital

            AMP Capital Investors Limited

            Harvest Partners, LP

            Quad-C Management, Inc.

            Sole Source Capital LLC

            Cobepa SA

            Certares LP

            Antin Infrastructure Partners

            Morgan Stanley Infrastructure Partners

            Dominus Capital

            Investcorp

            Schneider Electric Foundries LLC

            Softbank Vision Fund

            Mill Rock Capital

            Triton Partners

            GreenStruxure NA LLC

            AlphaStruxure

            Ares Management

            Work highlights

            • Represented Brookfield Infrastructure Partners in its $10.8 billion unsolicited bid to acquire Inter Pipeline Ltd.
            • Represented Macquarie Infrastructure Partners in its $957 million acquisition of Lakeshore Recycling Systems.
            • Represented VPC Impact Acquisition Holdings in its $2.082 billion business combination with Bakkt Holdings.

            DLA Piper LLP (US)

            The team at DLA Piper LLP (US) records a consistently high deal volume, working on behalf of a number of active clients including Accel-KKR and its portfolio companies on buyouts, M&A, and associated investments and corporate issues, and also has notable cross-border expertise, working with its global platform on complex transactions for both US and foreign-led private equity investments. Alongside its work for funds, the team also regularly advises target growth companies on equity investments and other life-cycle issues. Atlanta’s Joseph Silver leads the practice, and is a prolific advisor to funds and private companies with broad experience in the technology, telecoms, and financial services sectors, among others. Other key names in the team include Chicago-based Robert Davis, who represents funds and portfolio companies in buyouts and growth equity investments, and NoVa’s Eric Grossman, who focuses on venture capital and early-stage investments, securities issues, and cross-border deals.

            Practice head(s):

            Joseph Silver

            Other key lawyers:

            Robert Davis; Eric Grossman; James Kelly; Jeffrey Selman

            Testimonials

            ‘The DLA Piper team is highly skilled, knowledgeable and sophisticated. They have been very responsive to our needs and timeline. We are very comfortable with their legal advice but also their ability to find solutions to complex business and legal problems.’

            ‘James Kelly, Head of the NY Private Equity Practice, and Jeffrey Selman, Chair of the SPAC Transactional Practice, have been available and responsive. It is a pleasure to work with them both but particularly with James Kelly. They are their team(s) have a high degree of sophisticated knowledge that have helped solve various legal and business issues that have arisen in our transactions. They also are excellent working with regulatory agencies, particularly the SEC.’

            ‘Our team was complete covering all disciplines we needed, each person exceptional in their execution.’

            ‘They think like business people, analyzing the situation and offering tactical solutions.’

            ‘I work with James Kelly at DLA and James differentiates himself because he always thinks 10 steps ahead, knows the market well and finds the most optimal solutions to mitigate risk while also getting transactions over the finish line.’

            Key clients

            Abry Partners

            Centroid Investment Partners

            ICV Partners

            Accel-KKR

            Columbia Capital

            Baird Capital

            LLR Partners

            Updata Partners

            Resurgens Technology Partners

            RLJ Equity Partners

            Work highlights

            • Represented an investor consortium led by the Seoul-based private equity firm Centroid Investment Partners, in the cross-border acquisition of a 100% stake in TaylorMade Golf.
            • Represented Accel-KKR and its portfolio company, Seequent Holdings Limited, on the sale of Seequent Holdings Limited to Bentley Systems.
            • Represented Columbia Capital in its strategic investment in NearForm.

            Goodwin

            Goodwin is active in the mid-market, with coverage on both coasts, and advises a wide range of funds, target companies, and other investors, with a particular specialism in tech and early-stage transactions. The team handles buyouts, investments, re-financings, and exits, and also offers in-house tax, antitrust, and regulatory expertise, as well as being able to service cross-border deals in key jurisdictions across Europe and Asia. The team is led by Boston-based John LeClaire , whose expertise includes advising funds with healthcare portfolio companies, as well as working on growth company investments in tech, and consumer products, alongside the San Francisco-based duo of Andrew Weidhaas and Michael Kendall , who both handle private equity and venture capital investments in a wide range of industries, and represent clients in both small-scale and bulge bracket deals. New York’s Stuart Rosenthal  takes the lead on healthcare verticals, while Boston’s Jon Herzog focuses on private equity and technology transactions, encompassing growth investments and investor-side M&A.

            Practice head(s):

            Andrew Weidhaas; Michael Kendall; John LeClaire

            Other key lawyers:

            Stuart Rosenthal; Jon Herzog; John Klatzkin

            Testimonials

            ‘The team is very commercial in their approach.’

            ‘The teams with whom we have worked have been truly exceptional.’

            ‘The Goodwin Procter professionals not only provides us outstanding legal advice, but they are an integral part of the team and true business partners. They genuinely care about the relationship and our success.’

            ‘I’ve never had a bad interaction with anyone at the firm. Everyone is a pleasure to work with. They are dedicated to our business and will work around the clock to get deals done. Josh Klatzkin is a senior partner who has earned my trust over many years. I can always count on him to provide wise, balanced and direct advice on any matter. He is fair, reasonable and of the highest integrity.’

            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 AeroCare Holdings, Inc. on its definitive agreement to be acquired by AdaptHealth Corp. for $2 billion, comprised of $1.1 billion in cash and 31 million shares of AdaptHealth.
            • Advised Workfront in its definitive agreement to be acquired by Adobe for $1.5 billion.
            • Advised private equity backed KIND on its agreement to be acquired by Mars, Incorporated.

            Morrison & Foerster LLP

            Morrison Foerster made another notable addition to its private equity team with the hire of Aly El Hamamsy from Freshfields Bruckhaus Deringer LLP in June 2021, bolstering its strength in private equity deals across the board, as well as the financial services sector specifically. Elsewhere, the firm remains an active player in buyouts, exits, and minority investments, and maintains a leading role in SPAC and de-SPAC transactions, most notably demonstrated in its work with SoftBank as the lead investor in WeWork on its combination with BowX. This was a standout deal for Omar Pringle, who continues to bolster his reputation in the market for innovative work. The team is led by Mitchell Presser, who remains active on behalf of clients such as Paine Schwartz Partners in buyouts and SPAC deals, alongside San Francisco-based Patrick Huard, a regular advisor to active funds and their portfolio companies. Also in San Francisco, Susan Mac Cormac specializes in ESG work, advising social enterprises, impact investors, and private funds on targeted investments. Counsel Shai Kalansky in San Diego is noted for his work on domestic and cross-border deals in the high tech, consumer products, life sciences, and healthcare industries, while associate Joseph Sulzbach is increasingly active on behalf of top clients including SoftBank. Lawyers are in New York unless otherwise stated.

            Practice head(s):

            Patrick Huard; Mitchell Presser

            Other key lawyers:

            Aly El Hamamsy; Omar Pringle; Susan Mac Cormac; Joseph Sulzbach; Randy Bullard; Justin Salon

            Testimonials

            ‘The Morrison Foerster team is awesome. They are commercial, have our best interest in mind and are always responsive to our needs’

            ‘Patrick Huard has been an exceptional M&A partner who is efficient and protects our interests.’

            ‘We worked with the team to set up an infrastructure fund. They were highly knowledgeable, were able to bring to the table a full team from multiple jurisdictions and specialties very quickly and efficiently. They are our “go to” firm for major transactions and funds.’

            Not only a service provider but a partner.

            ‘Certainly Morrison & Foerster LLP stands out from the traditional law firm. Their knowledge of the sector an ability to navigate highly complex negotiation with simplicity is what makes them a best in class. After well over a year working together with the firm, we were able to face different levels of challenges and all were always fairly well overcome thanks for their expertise.’

            ‘Randy Bullard is a superstar partner. Always available, Randy provide precise and timely legal recommendations that were key to drive the company forward.’

            Mitchell Presser – great combination of PE experience and legal expertise. Very practical and helpful for our SPAC listing. Same for Justin Salon and Omar Pringle from this team who were my day to day lead partners.

            Key clients

            Alpine Investors

            Altamont Capital Partners

            Antarctica Capital

            ATN International, Inc.

            Confirmit AS

            Excellere Partners

            Fidelio Capital AB

            FoodChain ID

            Francisco Partners

            Freedom 3 Capital, LLC

            Fremont Macanta, LLC

            GI Partners

            Gryphon Investors

            Huck Capital

            Longitude Capital

            Main Post Partners

            MAP Energy

            MGG Investment Group LP

            Paine Schwartz Partners

            Palladium Equity Partners

            Pivotal Investment Corporation II

            Pulse Agri Investments Ltd.

            Rubicon Technology Partners

            San Francisco Equity Partners

            Sedgwick Public Sector, LLC

            ShowingTime.com, Inc.

            Silver Crest Acquisition Corporation

            Sky Harbour

            SoftBank

            Tene Capital

            Tinicum Inc.

            Vector Capital

            Verdane Capital Advisors

            Verisem Group BV

            Virgo Investment Group

            Vision Ridge Partners

            Work highlights

            • Advised SoftBank Group Corp in connection with WeWork’s agreement to merge with BowX Acquisition Corp.
            • Advised Paine Schwartz Partners in connection with the sale of Verisem to Syngenta.  
            • Advised Alpine Investors, a middle market private equity firm, in relation to multiple acquisitions across multiple platforms.

            Paul Hastings LLP

            Acting for a number of large-cap and mid-market private equity sponsors, as well as venture capital investors and management teams, the practice at Paul Hastings LLP continues to be an active player, advising on deals nationwide and in a variety of growth industries, most notably healthcare and life sciences. While much of the team is based in Chicago, the firm also has a strong presence in California and Texas, and accordingly regularly advises on private equity-backed deals in the tech and energy spaces. Brian Richards heads up the team, advising key sponsor clients on buyouts, growth equity investments, and cross-border deals, while global corporate chair Amit Mehta is also a prolific dealmaker, offering additional distressed transactions and securities expertise. Christopher Sheaffer is a go-to for investments across the PE life cycle, while San Francisco’s Mike Kennedy counts Francisco Partners as a key client, working on deals in a variety of industries. Kelly Padgett was promoted to partner in February 2022 in recognition of her growing reputation within the market. Named lawyers are in Chicago unless otherwise stated.

            Practice head(s):

            Brian Richards

            Other key lawyers:

            Christopher Sheaffer; Amit Mehta; Mike Kennedy; Dana Kromm; Kfir Abutbul; Richard Radnay; Kelly Padgett

            Key clients

            Sectigo

            Francisco Partners

            Symphony Technology Group

            CITIC Capital Partners

            Erwin, Inc.

            Endeavour Capital

            Inverness Graham Investments

            Orangewood Partners

            Brenntag Specialities, LLC

            DW Healthcare Partners

            Madison IAQ LLC

            Cortec Group

            Filtration Group

            MSM Acquisitions, Inc

            CHSL Holdco, Inc.

            Spectrum Equity LLC

            Industrial Valve Acquisition Corp.

            Kinetrex Energy

            Industrial Growth Partners

            Brenntag Specialties, LLC

            WBB Equity, LLC

            GI Partners

            Vector Capital

            Wynnchurch Capital

            Hart & Cooley LLC

            H.I.G. Capital

            Work highlights

            • Represented Francisco Partners in its definitive agreement to acquire the international business segment of CDK Global for $1.45 billion.
            • Advised Symphony Technology Group on its entry into a definitive agreement for the acquisition of McAfee Corp’s Enterprise business.
            • Represented Orangewood Partners in its acquisition of PG Bells Holdings, LLC.

            Proskauer Rose LLP

            Proskauer Rose LLP has a strong focus on mid-market private equity and growth equity deals, working with a wide range of funds and investors including Bain, Carlyle, and Goldman Sachs on buyouts, portfolio company investments, and divestitures. The team is able to draw upon the firm’s wider financing, structuring, and private credit expertise, offering a service to funds clients beyond pure transactional work. The department is overseen from New York by active dealmakers Lauren Boglivi, a noted specialist in media sector transactions, and Daniel Ganitsky, who advises on a wide range of deals, particularly cross-border transactions involving Latin American parties. The firm’s Boston-based offering takes the lead on most private equity work, and is spearheaded by Steven Peck, who has a broad practice encompassing straight buyouts, growth equity investments, and distressed acquisitions, and is also adept in fund manager advice, including on M&A and restructuring. His clients include major bulge-bracket players alongside prolific mid-market investors.

            Other key lawyers:

            Steven Peck

            Key clients

            AB Private Credit Investors LLC

            Core Capital Partners

            Falcon Investment Advisors

            Five Points Capital

            KKR Credit Advisors

            New Mountain Capital

            Owl Rock Capital Corporation

            Pacific Lake Partners

            Reed Smith LLP

            The ‘highly experienced‘ team at Reed Smith LLP is active in the upper mid-market, advising a number of active funds on buyouts, exits, joint ventures, and financing transactions, and maintains a strong presence in key commercial centres, primarily New York and Chicago, while also expanding its operations in emerging locations, particularly Dallas. The firm works in tandem with its global offices on cross-border investments, and offers bespoke expertise in key industry sectors including tech, life sciences, healthcare, and financial services, being able to draw on multidisciplinary teams for industry-specific deals. The practice is led by New York-based Mark Pedretti and Christopher Sheaffer and Chicago’s Bradley Schmarak, all active dealmakers who enjoy productive relationships with key fund clients. Chicago’s Michael Lee also regularly advises on private equity deals, while Pittsburgh’s Matthew Mohn has specific healthcare, manufacturing, and technology sector expertise, primarily handling early-stage investments.

            Practice head(s):

            Mark Pedretti; Bradley Schmarak; Christopher Sheaffer

            Other key lawyers:

            Michael Lee; Matthew Mohn

            Testimonials

            ‘The Reed Smith private equity group is highly experienced and expert at representing their clients in an efficient and effective manner, bringing deep experience to bear for their clients.’

            ‘Reed Smith’s private equity lawyers are subject matter experts that have their finger tips on the pulse of the market so as to be able to attain their client’s goals efficiently and effectively.’

            ‘The RS Team stood out by finding solutions to problems as opposed to just identifying problems or issues. Their whole Team was engaged and made me feel like we were their only client.’

            ‘Mark Pedretti was the Leader of the RS Team and could not have been better suited for the complex task at hand. He was always available and proactively sought solutions to anticipated issues.’

            Work highlights

              Skadden, Arps, Slate, Meagher & Flom LLP

              Skadden, Arps, Slate, Meagher & Flom LLP is regularly involved in blockbuster private equity-backed deals, acting both for top funds including Blackstone, Apollo, and Fortress Capital, as well as for a range of mid-market investors alongside target companies and management teams. The practice handles buyouts, exits, minority investments, bolt-on transactions, and associated corporate governance and executive compensation issues arising from deals, operating at all stages of the investment cycle. The New York-based practice is led by active dealmakers Kenneth Wolff and Stephanie Teicher, while Blair Thetford represented HPS in its $12.7bn investment in Authentic Brands Group, in a notable deal for the firm during 2021.

              Practice head(s):

              Kenneth Wolff; Stephanie Teicher

              Other key lawyers:

              Blair Thetford

              Work highlights

                Vinson & Elkins LLP

                Vinson & Elkins LLP continues to expand its share of the national private equity market, advising on a number of sophisticated transactions for notable sponsors including KKR, Carlyle, and Riverstone, combining traditional buyouts and portfolio company M&A with regular involvements in PE-led SPAC deals for the likes of Apollo and TPG. The firm is a long-standing leader in the energy space, handling bulge-bracket deals in areas such as midstream oil & gas and renewable energy, and is increasingly involved in tech and telecoms work in New York and California. The team is led from Houston by Keith Fullenweider , Matthew Strock , and David Oelman , with New York’s Jim Fox also a key player. Benji Barron joined the Houston office from an in-house position in July 2021, furthering the firm’s expertise in midstream energy transactions, while Gabriel Silva arrived at the New York office from January 2021 and brings a valuable relationship with Digitalbridge. Lande Spottswood in Houston is an increasingly influential name in the team, while Dallas’s John Grand is relationship partner for several of the firm’s major clients.

                Practice head(s):

                Keith Fullenweider; Matt Strock; David Oelman; Jim Fox

                Other key lawyers:

                Lande Spottswood; John Grand; Gabriel Silva; Benji Barron; Katherine Frank

                Testimonials

                ‘Team goes above and beyond to serve their customers, leverage the experts within the firm and are also able to juggle many different projects and files.’

                ‘The team I work with are incredibly proactive and are considered extension of our own deal teams. Gabriel Silva is an outstanding partner whom I have had the pleasure to work with on a number of different files.’

                ‘Gabriel Silva is a down to earth, approachable and diligent advisor who can be trusted to assist with business critical matters.’

                Key clients

                Apollo Global Management

                Blackstone

                The Carlyle Group

                Clearlake Capital

                Digital Bridge Investment Management

                Double Eagle Energy Holdings III LLC

                EnCap Investments

                Elliott Management

                Goldman Sachs

                Kohlberg Kravis Roberts (KKR)

                NGP Energy Capital

                Oaktree Capital Management

                Riata Capital Group

                Riverstone Holdings

                RLH Equity Partners

                Sixth Street

                Takkion TP&L Holdings LLC

                Tinicum, Inc.

                TPG

                Vista Equity Partners

                Work highlights

                • Advised multiple private equity sponsors in the IPO and/or business combination of their blank check companies.
                • Advised BCP Raptor Holdco, LP, a portfolio company of Blackstone and I Squared Capital and the parent company of EagleClaw Midstream, in an all-stock business combination with Altus Midstream Company.
                • Advised DigitalBridge Investment Management in its acquisition of a controlling stake in Vertical Bridge Holdings, LLC.

                Arnold & Porter

                Arnold & Porter is an active mid-market player, advising private equity sponsors and strategic sellers on buyouts, take-privates, carve-outs, and minority investments, as well as offering life-cycle support to portfolio companies, encompassing financing, acquisitions, corporate governance, and support through exits. The team has strength in a number of areas, including a well-established niche in healthcare and medical devices, alongside industrials, government contracting, energy, and consumer goods. The firm acts for a wide range of sponsors, with key names including Castle Harlan, EQT, and DC Capital. New York’s Stephen Koval  and D.C.-based Andrew Varner  head up the private equity offering, both active dealmakers with a strong record in cross-border transactions. Other key names include corporate and finance co-heads Kevin Lavin and Derek Stoldt, based in D.C. and New York respectively. Stoldt is noted for his expertise in healthcare and life sciences deals, alongside cross-border transactions involving South American jurisdictions.

                Practice head(s):

                Stephen Koval; Andrew Varner

                Other key lawyers:

                Kevin Lavin; Derek Stoldt

                Key clients

                Castle Harlan

                DC Capital Partners

                Emigrant Capital

                Endeavor Capital

                Halifax Capital Partners

                Harbour Point Capital

                Homesnap

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

                Periphas Capital

                NexPhase Capital (f/k/a Moelis Partners)

                Onex Corporation

                Resilient Infrastructure Group

                Revolution Ventures

                RLJ Equity Partners

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

                Ecological Service Partners

                Work highlights

                • Advised RLS Partners LLC, an affiliate of RLS Logistics, in its acquisition of Premier Refrigerated Warehouses.
                • Advised Retina Associates, P.C. in the sale of certain assets and entry into a practice management agreement with the Retina Consultants of America, an affiliate of Webster Equity Partners.
                • Advised Homesnap on its agreement to be acquired by CoStar Group for $250 million in cash.

                Choate, Hall & Stewart

                Boston-based Choate, Hall & Stewart is an active player in the middle-market, advising funds, target companies, venture capital, and financial institutions on a wide range of transactions, with a strong record in targeted industry verticals in sectors including technology, media and telecoms, healthcare, and fintech. T.J. Murphy leads the team alongside Lee Feldman, representing a wide range of private equity clients and portfolio in growth equity investments, recapitalizations, and buyouts. Brian Lenihan takes the lead on financing transactions, and also regularly acts as special counsel to Canadian investors on cross-border deals. The practice was bolstered by the arrival of Michael Stick from an in-house position in June 2021.

                Practice head(s):

                T.J. Murphy; Lee Feldman

                Other key lawyers:

                Brian Lenihan; Michael Stick

                Key clients

                BV Investment Partners

                Century Equity Partners

                Great Hill Partners

                Cove Hill Partners

                Mainsail Partners

                Riverside Partners

                Silversmith Capital Partners

                Spectrum Equity

                Summit Partners

                Cobepa

                Work highlights

                  Clifford Chance

                  Leveraging its global private equity presence, the New York-based team at Clifford Chance advises major sponsors including Apollo, Carlyle, CVC, and their portfolio companies on acquisitions, disposals, and equity investments, with a particular strength in insurance M&A for bulge-bracket funds. The firm offers significant financial services expertise through practice head Gary Boss , and regularly handles cross-border transactions, including advising European portfolio companies on their expansion into the US, and vice versa. Dual UK-qualified Neil Barlow is noted for his ‘exceptional‘ work on strategic buyouts, with CVC and Carlyle noted relationship clients. Associate Lily Phan joined the team in January 2021 and focuses on transactional work for large financial investors.

                  Practice head(s):

                  Gary Boss

                  Other key lawyers:

                  Neil Barlow; Lily Phan

                  Testimonials

                  The team is always available to provide their advice and insights on pure legal matters but also strategy of the deal process.

                  Working with Neil Barlow has been exceptional. Neil has been working with us since day one and therefore has all the history of what we have done but also is highly capable adding value on deal tactics, unlocking issues and covering us well for potential unidentified issues that may come.’

                  Clifford is able to cover multiple jurisdictions, which makes managing a cross-border transaction much easier.

                  Diverse multi continental team capable of meeting needs. strong presence in each of the practice areas required to get the deal across the line.

                  Key clients

                  Apollo Global Management

                  Armour Group

                  Ardian

                  Capital Dynamics

                  DigitalBridge Group, Inc.

                  Fortitude Re, a portfolio company of The Carlyle Group

                  CVC Capital Partners

                  alterDomus, a portfolio company of Permira

                  Sedgwick, a portfolio company of The Carlyle Group

                  Sitecore, a portfolio company of EQT Partners

                  The Carlyle Group

                  Watford Holdings Ltd

                  Corinthian Capital Group, LLC

                  Work highlights

                  • Advising Apollo on a $100 million investment by two insurance companies in a structured securitization sponsored by a financial services company.
                  • Advised Sedgwick, a portfolio company of The Carlyle Group, on the sale of its group health peer review and independent medical examination assets to ExamWorks.
                  • Advised Watford on its approximately $700 million sale to Greysbridge Holdings.

                  King & Spalding LLP

                  King & Spalding LLP‘s nationwide private equity practice advises on transactions in a wide range of jurisdictions across Europe, Asia, Africa, and the Middle East, as well as domestically, counting a variety of mid-market sponsors and private equity-backed companies among its clients. The firm has particular strengths in buyouts, minority investments, and financing transactions in the energy, healthcare, life sciences, and tech sectors. New York’s Jonathan Melmed  heads up the practice alongside Atlanta-based Rahul Patel .

                  Practice head(s):

                  Jonathan Melmed; Rahul Patel

                  Kramer Levin Naftalis & Frankel LLP

                  Kramer Levin Naftalis & Frankel LLP continues to bolster its private equity offering, picking up a number of new mid-market clients alongside continuing its active work for relationship clients such as Stone Point Capital and Atlantic Street Partners. Alongside an increase in transactional work, the firm has also seen an uptick in its deal values, moving from the lower to upper-mid markets, as well as handling large-cap buyouts, alongside minority investments, exits, and portfolio company M&A. The New York-based team is led by Howard Spilko and Ernest Wechsler, both experienced transactional advisors, while Colin Bumby  and Adi Herman  remain increasingly influential performers in the team, handling a wide range of transactional work for funds and portfolio companies in diverse industries. Jonathan D. Goodman is another emerging name, and regularly works with Stone Point and its Trident funds on acquisitions and investments.

                  Practice head(s):

                  Howard Spilko; Ernest Wechsler

                  Other key lawyers:

                  Colin Bumby; Adi Herman; Jonathan D. Goodman

                  Key clients

                  Stone Point Capital

                  Sentinel Capital Partners

                  Cornell Capital

                  PIMCO Bravo Strategies PE Funds

                  Capstar Special Purpose Acquisition Corp. (sponsored by Capstar Partners and PIMCO)

                  Paine Schwartz Partners

                  Focus Financial Partners (a Stone Point portfolio company)

                  SitusAMC Holdings Corp. (a Stone Point portfolio company)

                  Atlantic Street Capital

                  Vensure Employer Services (a Stone Point portfolio company)

                  Alliant Insurance Services (a Stone Point portfolio company)

                  Waterfall Sentinel Fund

                  Argand Partners

                  York Capital Special Opportunities Fund

                  Stone Point Capital

                  Sentinel Capital Partners

                  Cornell Capital

                  PIMCO Bravo Strategies PE Funds

                  Capstar Special Purpose Acquisition Corp. (sponsored by Capstar Partners and PIMCO)

                  Paine Schwartz Partners

                  Focus Financial Partners (a Stone Point portfolio company)

                  SitusAMC Holdings Corp. (a Stone Point portfolio company)

                  Atlantic Street Capital

                  Vensure Employer Services (a Stone Point portfolio company)

                  Alliant Insurance Services (a Stone Point portfolio company)

                  Waterfall Sentinel Fund

                  Argand Partners

                  York Capital Special Opportunities Fund

                  Work highlights

                  • Advised Sentinel Capital Partners on its $700 million sale of Pet Supplies Plus to Franchise Corp.
                  • Represented Cornell Capital in its sale of Spectrum Automotive Holdings Corp.
                  • Advised Alliant Insurance Services, a Stone Point Capital portfolio company, on its acquisition of Confie.

                  McDermott Will & Emery LLP

                  McDermott Will & Emery LLP has an active mid-market private equity offering that combines bench strength and geographical reach, advising relationship clients such as Blue Sea Capital, CenterGate Capital, and Comvest on buyouts, investments, and exits, with a particular speciality in life-cycle portfolio company support, including internal corporate governance and financing issues. The firm’s industry knowledge encompasses financial services, manufacturing, technology, and food and beverages, complimenting its long-standing strength in the healthcare sector. Key names in the team include Miami-based corporate head Harris Siskind , a prolific dealmaker for the likes of H.I.G. Capital, with private equity co-chair Frederic Levenson also active from the Miami office. In Chicago Gregory Metz has a strong record in energy and industrials deals, notably on behalf of Sterling Group, while Kristian Werling co-chairs the PE team and is noted for his healthcare and biopharma expertise. New York’s Frank Steinherr plays a crucial role in the firm’s portfolio company practice, while Chicago’s Brooks Gruemmer remains a strong performer. The practice was bolstered by the January 2021 arrival of Christian Fabian from Mayer Brown and Andrew Warmus from Baker McKenzie LLP, adding to the firm’s bench strength in Chicago.

                  Practice head(s):

                  Harris Siskind,; Gregory Metz; Frederic Levenson; Frank Steinherr; Kristian Werling

                  Other key lawyers:

                  Andrew Warmus; Christopher Fabian; Brooks Gruemmer; David Grimes

                  Testimonials

                  ‘David Grimes has done an exceptional job in managing the McDermott team relative to private equity buyouts and related corporate matters. David can be counted on to respond quickly and efficiently to client issues and concerns, and to achieve results tailored to client needs. David is both personable and professional, and a pleasure to work with.’

                  Key clients

                  Aisling Capital

                  Ajax Health LLC

                  Allscripts Healthcare Solutions, Inc.

                  Ampersand Capital Partners

                  Amulet Capital Partners, L.P.

                  Ardent Investors, LLC

                  Asurion

                  Atlantic Street Capital

                  AUA Private Equity Partners

                  Baker Hughes

                  Batchelor & Kimball, Inc.

                  Baxter Healthcare Corporation (NYSE: BAX)

                  BDO USA, LLP

                  Bernhard Capital Partners Management, LP,

                  Biospring Partners

                  Blue Cross and Blue Shield of Florida, Inc.

                  Blue Sea Capital

                  Boyne Capital Partners

                  Cambridge Capital

                  Center for Diagnostic Imaging (“CDI”)

                  CenterGate, Capital

                  Charles River Laboratories International, Inc.

                  Clinify Inc

                  Comvest Partners

                  Deerfield Management Company

                  Dialexa, LLC

                  Downtown Music

                  Enhanced Healthcare Partners (“EHP”)

                  Fidelis Cybersecurity, Inc

                  Fireman Capital Partners

                  Gauge Capital

                  Gemspring Capital Management, LLC

                  General Atlantic

                  General Electric Company

                  Great Point Partners

                  H.I.G. Capital, LLC

                  Havencrest Healthcare Partners, LP

                  HCI Capital Partners/ HCI Equity Partners, LLC

                  Hidden Harbor Capital Partners

                  IA Capital Group

                  Independent Pet Partners (“IPP”)

                  Industrial Opportunity Partners

                  Irving Oil

                  J. M. Huber Corporation

                  Kaiser Aluminum Corporation

                  KKR Partners

                  Kraken Resources LLC

                  LaSalle Capital Group

                  Lee Equity Partners

                  LightBay Capital

                  Lindsay Goldberg

                  Lorient Capital Management, LLC

                  Martis Capital Management

                  Maxons Restorations, Inc.

                  Midcon Holdco Partners LLC

                  Mid-State Industrial Maintenance

                  Monadnock Resources LLC

                  Motorola Solutions, Inc. (NYSE: MSI)

                  Natixis

                  Nautic Partners, LLC

                  New Harbor Capital

                  Novelis

                  Oasis Petroleum Inc.

                  PeopleConnect, Inc.

                  Plateau Excavation, Inc.

                  Puttshack Ltd

                  Rainier Capital Partners

                  Revelstoke Capital Partners

                  RiverGlade Capital, LP

                  Riverside Partners

                  Sheridan Capital Partners

                  SiriusPoint Ltd

                  Skyview Capital

                  Softhale NV

                  Spanos, Barber Jesse & Co.

                  Spartech, LLC

                  Spring Management OK, LLC

                  Staple Street Capital

                  Sterling Partners

                  Steward Health Care System LLC

                  The Coca-Cola Company

                  The McQuade Center for Strategic Research and Development, LLC

                  The O’Neil Family

                  The Sterling Group

                  Third Point Reinsurance Ltd

                  Thomas H. Lee Partners

                  United Promotions Inc.

                  United Services Automobile Association (“USAA”)

                  United Veterinary Care, LLC

                  Viking Global

                  WC SACD Holdings, Inc. d/b/a Aura

                  Wellspring Capital Management LLC

                  Westshore Capital Partners

                  WindRose Health Investors

                  Work highlights

                  • Represented Wellspring Management Company in its acquisition of HealthPro Heritage.  

                  McGuireWoods LLP

                  Maintaining its strength in the middle-market, McGuireWoods LLP has a prolific private equity offering that enjoys productive relationships with a wide range of funds. The firm specializes in healthcare private equity work, advising on a significant share of deals for both healthcare-focused funds and their portfolio companies. Other areas of strength include technology, energy, and industrials, alongside a growing focus on the ‘fundless’ or independent sponsor space, in which the firm has set up a bespoke platform. Chicago-based Geoffrey Cockrell co-heads the team, working regularly with a broad base of long-term sponsor clients, alongside Pittsburgh’s Thomas Zahn , who advises funds, sponsors, and other investors on deals in a variety of industries and jurisdictions, focusing on cross-border buyouts and investments. In Dallas, David McLean has expertise across debt and equity investments, particularly for junior capital funds, while Jon Finger leads the way on the firm’s independent sponsor advice, while maintaining his active dealmaking practice.

                  Practice head(s):

                  Geoffrey Cockrell; Tom Zahn

                  Other key lawyers:

                  David McLean; Jon Finger

                  Testimonials

                  ‘They completely understand my business and go beyond just providing excellent legal services to help me find investment opportunities, find investors, make introductions and foster the most on target networking community in my space.’

                  ‘They are true partners in helping me grow my business and have developed the relationship to be both personal and professional.’

                  Best lawyers and law firm i have ever worked with.

                  Key clients

                  Alliance Technical Group

                  ASGARD Partners & Co.

                  Audax Group

                  DataLink Holdings, LLC

                  Gauge Capital

                  Peninsula Capital Partners

                  Revelstoke Capital Partners

                  Serata Capital Partners

                  Sheridan Capital Partners

                  Silver Oak Services Partners, LLC

                  Surgical Care Affiliates

                  The Center for Orthopedic and Research Excellence, Inc. d/b/a HOPCo

                  Trinity Hunt Partners, L.P.

                  Work highlights

                    Winston & Strawn LLP

                    Winston & Strawn LLP offers a geographically diverse team, with key strength in New York, Dallas, and most notably on the West Coast, where the firm continues to work regularly on growth investments for funds and portfolio companies in the tech and innovation sectors, with LA-based Eva Davis the key name in that space. Elsewhere, the firm handles work for bulge-bracket through to middle market funds and their targets, alongside other equity investors, with broad coverage of industry sectors. The practice is co-led by New York-based Bradley Vaiana , who advises funds on leveraged buyouts, take privates, and exits, with expertise in PIPE transactions and real estate investments in particular. Matthew Stockstill in Dallas co-heads the team, working with private equity funds, institutional investors, and family offices on transactions and financing matters. Chicago’s Matthew Bergmann is also noted as an active dealmaker with a solid stable of funds clients, with Dallas-based David Lange also handling a broad range of transactions, alongside associated corporate governance matters.

                    Practice head(s):

                    Brad Vaiana; Matt Stockstill

                    Other key lawyers:

                    Eva Davis; Matthew Bergmann; David Lange

                    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 Echo Global Logistics, Inc in its definitive agreement to be acquired by funds managed by The Jordan Company.
                    • Represented Kainos Capital in its acquisition of Nutrisystem.
                    • Represented RLH Equity Partners in the sale of the company to GHO Capital Partners.