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Private Equity & Corporate Finance

Our Private Equity & Corporate Finance team advises financial sponsors, corporate borrowers and other types of debtors in a range of financing transactions. Our experience representing financial sponsors, corporate borrowers and other debtors means we have a comprehensive perspective on the financial markets.

Our group comprises a dedicated, interdisciplinary team of lawyers, and clients are advantaged by our deep understanding and global network of contacts among sources of capital, including financial institutions and private capital. We have a broad perspective that enables us to anticipate market terms, navigate lender dynamics and execute transactions efficiently.

We have deep experience representing private equity sponsors and other asset managers and their portfolio companies and funds. Among other things, we assist financial sponsors in securing and structuring debt for a wide array of transactions — from initial fund formation to investment and even after an exit. Combining broad knowledge, practical experience and a commitment to delivering value in a dynamic financial landscape, we advise sponsors and their portfolio companies in connection with leveraged buyouts, add-on transactions, recapitalizations and refinancings, structuring these financings to align with investment objectives. In close collaboration with our Private Equity lawyers, we integrate financing strategy directly into the deal process.

We also represent public and privately held companies in acquisition financing, refinancings, first- and second-lien loans, mezzanine loans, margin loans and other transactions that promote the efficient allocation of capital. Working closely with our Mergers and Acquisitions and Securities and Capital Markets teams, we align financing structures with broader corporate and capital markets considerations.

As part of the firm’s fully integrated platform, we also collaborate seamlessly with our Financial Restructuring, Tax, Litigation and Executive Compensation, Employee Benefits and ERISA teams to provide comprehensive advice for each borrower’s lifecycle.

We represent clients across a wide range of industries, including aerospace and defense, business services, consumer and retail, energy and infrastructure, financial services, healthcare and life sciences, industrials and technology.

Recognitions

  • Band 1 — Banking & Finance: Nationwide, Chambers USA
  • Banking & Finance: California, Illinois, New York, Texas, Chambers USA
  • Band 1 — Banking & Finance, Band 1, Chambers Global
  • Finance & Capital Markets (International & Cross-Border), Chambers Global
  • Banking & Finance, Chambers France
  • Acquisition Finance, Legal 500 UK

Representative Private Equity Matters

  • Arcline Investment Management in the financings for various transactions, including:
    • Acquisition of Dwyer Instruments, a provider of industrial sensing, monitoring and control products.
    • Acquisition and take-private of Kaman Corp., which conducts business in the aerospace and defense, industrial and medical markets.
    • Acquisition of Novaria Group, a provider of engineered aerospace components and specialty processes.
  • Ardian in the financings for various transactions, including:
    • Acquisition of MasterGrid, a provider of maintenance services and manufacturer of equipment for critical electrical infrastructure.
    • Acquisition of Groupe Orion, a wealth management platform.
  • Cohere Capital in the financings for various transactions, including:
    • Acquisition of FlexTecs, a leading provider of recovery audit, contract compliance and payment accuracy software and services.
  • Cortec Group in the financing for its acquisition of MPLT Healthcare Holdings, a leading provider of temporary healthcare staffing, placing physicians and advanced practice providers in positions at hospitals and healthcare systems nationwide.
  • Egeria Capital and its affiliate the Duravent Group, a leader in the venting and air quality industries, in the financing for a growth investment in DuraVent Group by Bain Capital.
  • H.I.G Capital in the financings for various transactions, including:
    • Acquisition of 360 Destination Group and CSI DMC, two destination management companies.
    • Acquisition of Best Version Media, a provider of print and digital advertising solutions.
    • Acquisition of CargoTuff, a manufacturer and distributor of load securement products.
    • Acquisition of GetixHealth, a provider of revenue cycle management solutions for healthcare providers.
    • Acquisition of Global Elite Group, a provider of unarmed aviation security services supporting airports, airlines and cargo operators, from Securitas AB.
    • Acquisition of Northwest Pump & Equipment Co., a distributor in the Pacific Northwest of industrial equipment.
    • Sale of The GLD Shop, an international lifestyle jewelry brand.
    • Sale of a minority stake in myKaarma, a provider of end-to-end service lane solutions for automotive dealerships, to Warburg Pincus.
  • Industrial Growth Partners in the financings for various transactions, including:
    • Acquisition of Marki Microwave, a provider of high-performance radio frequency and microwave components.
    • Acquisition of SENS Holdings, a designer and manufacturer of battery chargers, integrated power systems and battery monitoring solutions.
  • Keensight Capital in the financings for various transactions, including:
    • Acquisition of Isto Group, a developer and manufacturer of orthobiologic products.
    • Acquisition of Sogelink, a software, cloud and mobile solutions provider.
  • May River Capital in the financings for various transactions, including:
    • Acquisition of the Global Pump Solutions business of CECO Environmental Corp.
    • Acquisition of Cashco, a provider of highly engineered pressure management solutions.
  • Vector Capital Management in the financings for various transactions, including:
    • Acquisition of SingleStore, a data platform for enterprise AI.
    • Acquisition of Corel Corporation’s portfolio of creativity and productivity software and related brands.
  • The Riverside Company in the financings for various transactions, including:
    • Investment in Seatex, a provider of chemical manufacturing and technology solutions.
    • Investment in U.S. Cabinet Depot, a wholesale distributor of ready-to-assemble kitchen and bath cabinetry products.
  • STG in the financings for various transactions, including the acquisition of S&P Global’s Enterprise Data Management (EDM) business.
  • Wynnchurch Capital in the financings for various transactions:
    • Acquisition of Arcosa Marine Products, a manufacturer of hopper and tank barges, fiberglass covers and marine components.
    • Acquisition of Charter Industries, a provider of edgebanding and complementary products.
    • Acquisition of Astro Shapes, a manufacturer of custom aluminum extrusions.

Representative Recent Corporate Matters

  • American Express Global Business Travel (NYSE: GBTG) in the refinancing of its existing debt and the financing for its acquisition of CWT.
  • Armstrong Flooring (formerly NYSE: AFI) in its Chapter 11 cases filed in the Bankruptcy Court for the District of Delaware, pursuant to which the company sold substantially all of its assets.
  • Carter’s (NYSE: CRI) in multiple matters, including a five-year senior secured asset-based revolving credit facility of up to $750 million for its subsidiary, The William Carter Company, with J.P. Morgan as administrative agent.
  • Crane Co. (NYSE: CR) in its separation into two publicly traded companies, Crane Co. and Crane NXT, and the related financing, consisting of a $500 million revolving credit facility and a $300 million term loan A facility.
  • Crane Co. (NYSE: CR) in the financing for its acquisition of Precision Sensors & Instrumentation, consisting of a $900 million revolving credit facility and $900 million delayed draw term facility.
  • Crane NXT (NYSE: CXT) in its financing entered into in connection with its separation from Crane Co., consisting of a $500 million revolving credit facility and a $350 million term loan A facility.
  • Del Monte Pacific in a liability management transaction that facilitated a new “super-priority” financing arrangement that provided approximately $240 million of new money to a newly formed U.S. subsidiary of Del Monte Foods Inc.
  • Duke Energy (NYSE: DUK) in its sale of a 19.7% indirect equity interest in Duke Energy Florida to Brookfield Super-Core Infrastructure Partners for $6 billion.
  • Duke Energy (NYSE: DUK) in the sale of its Commercial Renewables business to Brookfield Renewable Partners for approximately $2.8 billion, and a number of amendments to project-specific debt facilities necessary to consummate the transaction.
  • Duke Energy (NYSE: DUK) in the sale of its Tennessee local distribution company business to Spire for approximately $2.5 billion in cash, and related debt financing.
  • Enova International (NYSE: ENVA) in multiple matters related to its secured revolving credit agreement with Bank of Montreal as administrative agent and collateral agent.
  • Foot Locker (NYSE: FL) in multiple financing matters, including its revolving asset-based credit agreement, and in connection with its agreement to be acquired by DICK’S Sporting Goods.
  • The Greenbrier Companies (NYSE: GBX) in multiple financing matters including, among other things, a senior secured term loan and revolving credit facility totaling more than $1 billion, agented by Bank of America.
  • Heidrick & Struggles International (formerly NASDAQ: HSII) in connection with its revolving credit facilities, agented by Bank of America.
  • ITT (NYSE: ITT) in its acquisition of SPX FLOW, including the related debt and equity financing that includes a $2.875 billion delayed draw term loan facility and a $1.2 billion bridge loan facility.
  • Jacobs Solutions (NYSE: J), Jacobs Engineering Group and certain of Jacobs Solutions’ wholly owned subsidiaries in two credit facilities totaling $2.7 billion, with Bank of America as administrative agent.
  • Krispy Kreme Doughnuts (Nasdaq: DNUT) in the refinancing of its existing debt.
  • Lachlan Murdoch, Grace Murdoch, Chloe Murdoch and certain trusts for their benefit in the resolution of all disputes related to the Murdoch Family Trust and the related margin stock-based financing.
  • LendingPoint in matters relating to its senior secured corporate mezzanine credit facility and revolving facilities with MidCap Financial Trust as administrative agent.
  • MasterBrand in the refinancing of its existing debt, and the financings for its acquisitions of Supreme Cabinetry Brands and American Woodmark Corporation.
  • NFP its sale to Aon by funds affiliated with Madison Dearborn Partners and HPS Investment Partners for an enterprise value of approximately $13 billion, including $7 billion in cash and assumed liabilities and $6 billion in equity in the form of 19 million Aon shares.
  • Onterris (NYSE: ONT) (formerly Montrose Environmental Group, NYSE: MEG) in multiple financing matters, including its $650 million senior secured multi-currency credit agreement.
  • SiriusPoint (NYSE: SPNT) in multiple financing matters, including its $400 million senior unsecured revolving credit facility with J.P. Morgan as administrative agent.
  • Tri Pointe Homes (NYSE: TPH) in its agreement to be acquired by Sumitomo Forestry Co., in an all-cash transaction valued at approximately $4.5 billion, and related debt financing amendments.
  • UniFirst Corporation (NYSE: UNF) in multiple financing matters, including, among other things, its senior revolving credit facility with Bank of America as agent.

Matters may have been completed before joining Paul Hastings.