Experience

• • Morgan Stanley Capital Partners in the sale of Sila Services to the private equity business at Goldman Sachs Alternatives.
  • Stuffed Puffs, LLC, a portfolio company of Factory LLC, in the sale of its assets to Mount Franklins Foods.
  • Guardian in its strategic partnership with HPS Investment Partners, a leading global credit investment firm with $116 billion in assets under management.
  • Clayton, Dubilier & Rice in the purchase of Illinois Tool Works’ non-controlling equity stake in Wilsonart, a Clayton, Dubilier & Rice portfolio company and engineered surfaces company.
  • Morgan Stanley Capital Partners in its acquisition of American Restoration, a provider of residential and commercial property mitigation and restoration services.
  • Dover Corporation in its $395 million acquisition of Marshall Excelsior, a provider of mission-critical cryogenic and flow control components.
  • MetLife Investment Management in a $1.2 billion managed secondary transaction, including a $975 million portfolio disposition of MetLife affiliate assets to its newly raised fund, MetLife Investment Private Equity Partners II.
  • J.F. Lehman & Company in the closing of a single-asset continuation vehicle for PURIS, a leading water infrastructure solutions provider.
  • Ambac in its acquisition of a majority stake in Beat Capital Partners in a transaction valued at approximately $282 million.
  • Aflac Global Investments in its acquisition of a minority interest in Tree Line.
  • Windstream Holdings, a privately held fiber and cloud based communications provider, in its merger with publicly held Uniti Group.
  • New York Life Investments in its minority stake in Fairview Capital, a leading venture capital and private equity investment management firm.
  • The George Robert Rawlings Trust in the sale of the Rawlings Companies to New Mountain Capital Group L.P.
  • Morgan Stanley Capital Partners in its sale of World 50 and its related subsidiary companies to a single asset GP-led continuation fund investment vehicle managed by an affiliate of MSCP.
  • Sawai and Sumitomo in the $210 million sale of its subsidiary Upsher-Smith Laboratories to Bora Pharmaceuticals.
  • New York Life Investments in its strategic partnership with Bow River Advisers, a subsidiary of Bow River Capital.
  • Ara Partners in the closing of over $3 billion in new commitments to Ara Fund III, an industrial decarbonization fund, and dedicated limited partner co-investment vehicles.
  • TPG GP Solutions as an investor, alongside Goldman Sachs Asset Management, Blackstone Strategic Partners and Portfolio Advisors, in Calera Capital Image Holdings, L.P., a $750 million single-asset continuation fund raised in connection with the sale of ImageFIRST Healthcare Laundry Specialists, a provider of linen, laundry, and safety and hygiene services for the healthcare industry.
  • Prosperity Life Group, an innovative insurance, reinsurance, and asset management company, in its acquisition of National Western in a transaction valued at approximately $1.9 billion.
  • Elliott Management in its investment leading Speyside’s single asset continuation fund to support the future growth of its portfolio company Opta.
  • Ascent, a global leading provider of expedited, time-critical logistics solutions and other transportation services, in its sale to affiliates of H.I.G.
  • Morgan Stanley Capital Partners in its acquisition of Allstar Services and RowCal.
  • FS Investments in the formation of FS Investments Tactical Opportunities Fund, a private fund intended for institutional investors.
  • Tikehau Capital in its $300 million inaugural collateralized fund obligation.
  • Morgan Stanley Capital Partners in its investment in Emler Swim School.
  • Dover Corporation in its $225 million acquisition of Malema, a designer and manufacturer of flow-measurement and control instruments for the biopharmaceutical, semiconductor, and industrial sectors.
  • Morgan Stanley Capital Partners in its acquisition of Fairway Lawns, a residential lawncare services provider.
  • Adams Street Partners as a member of a syndicate investing in a €500 million continuation fund established by G Square Healthcare Private Equity LLP to acquire three existing assets from G Square Capital I and G Square Capital II.
  • TA Associates, in its acquisition of TouchTunes, an in-venue, interactive music and entertainment platform, from funds advised by Searchlight and Newlight.
  • Paradigm in the formation of Paradigm One, a $2.5 billion crypto venture fund, which will invest in the next generation of crypto companies and protocols across all stages and geographies.
  • Morgan Stanley Capital Partners in the sale of 24 Seven, a leading provider of digital marketing and creative staffing solutions, to a single asset GP-led continuation fund vehicle managed by an affiliate of MSCP.
  • Goldman Sachs Asset Management and Pantheon as co-lead investors in a secondary acquisition vehicle formed as part of a Nordic Capital-led consortium to invest in Vizrt, a global leader in production software for live video production.
  • PSG in the formation of PSG V, a $4.5 billion North America growth fund.
  • Ara Partners, a private equity firm specializing in industrial decarbonization investments with an ESG focus, in the formation of Ara Fund II, a $1.1 billion industrial decarbonization fund.
  • Providence Equity Partners in the combination of Blackboard, a leading global educational technology software and solutions company, and Anthology, a leading provider of proven higher education solutions.
  • Aflac Global Investments in its $2.1 billion strategic partnership with Denham Capital to accelerate Denham’s sustainable infrastructure platform.
  • Ambac in the issuance and sale by Sitka Holdings, its newly formed special purpose entity, of its $1.175 billion aggregate principal amount of LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026.
  • Morgan Stanley Capital Partners in its acquisition of Sila, a heating and air company that offers HVAC, plumbing, indoor air quality, and home automation systems in the Northeastern and Mid-Atlantic United States.
  • PSG in the formation of PSG Europe, a €1.25 billion European growth fund.
  • Kilter Finance in its investment in Independent Group.
  • Pantheon as lead investor in Ergon svt Long Term Value Fund SCSp, a €270 million single-asset fund invested in svt, the leading European provider of passive fire protection products, installation and restoration management services.
  • Precision Medical Group in its $2.4 billion sale to Blackstone.
  • Morgan Stanley Capital Partners in the sale of Manna Pro Products, a recognized leader in pet care, to Carlyle.
  • Elliott Management in the restructuring of Windstream Holdings, a leading communications and software company.
  • Providence Equity Partners in a single-asset fund restructuring transaction involving Providence Equity Partners VI. In the transaction, the lead investor committed capital to a newly formed Providence-managed fund that purchased HSE24 Multichannel GmbH from the existing fund.
  • Morgan Stanley Capital Partners and Pathway Vet Alliance in the $2.7 billion sale of a majority stake in Pathway to TSG Consumer Partners.
  • Morgan Stanley Capital Partners in its investment in World 50, a provider of private peer communities for business executives.
  • Morgan Stanley Capital Partners and Cadence Education in the sale of Cadence Education to Apax Partners.
  • Roadrunner Transportation in the sale of its Prime Distribution Services business to C.H. Robinson.
  • Emergent Cold Storage, an Elliott Management portfolio company, in its sale to Lineage Logistics, the world’s largest refrigerated-storage company by space.
  • Aflac Global Investments, a subsidiary of Aflac, in its $3 billion strategic partnership with Varagon Capital Partners, a direct lender to middle market companies.
  • A U.S. secondaries investor in a fund-level preferred equity transaction with a European technology-focused private equity fund.
  • Wilsonart, a Clayton, Dubilier & Rice portfolio company, in the $150 million sale of its Asia Business to Aica Kogyo and the Development Bank of Japan.
  • Mitsui USA in its acquisition of a non-controlling interest in Capitala, a private equity and credit manager, and the formation of a strategic partnership between the two firms.
  • Providence Equity Partners in the formation of Providence Equity Partners VIII, a $6 billion global media, entertainment and communications fund.
  • Morgan Stanley Private Equity in its sale of CoAdvantage to Aquiline Capital.
  • TPG Growth in its takeover of the existing assets of the Abraaj Group’s $1 billion Global Healthcare Fund. The deal saw Debevoise win the Specialist Deal Legal Advisor category at the Private Equity Africa Awards.
  • Morgan Stanley Private Equity in its acquisition of Impact Fitness, a franchisee of Planet Fitness and formerly a Bain Capital portfolio company.
  • Manna Pro, a manufacturer and marketer of pet care and nutrition products and a Morgan Stanley Capital Partners portfolio company, in its acquisition of Hero Pet Brands.
  • AmTrust Financial Services in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2 billion.
  • AmTrust Financial Services in the sale of its domestic and international surety and credit reinsurance operations to Liberty Mutual.
  • Hojeij Branded Foods in its $330 million sale to Lagardère Travel Retail.
  • Providence Equity Partners in the combination of Benefit Street Partners and Franklin Templeton Investments.
  • Glendower Capital in its role as part of a consortium of blue-chip institutional investors to invest approximately $530 million in six companies controlled by Argonne Capital Group.
  • Morgan Stanley Private Equity in its acquisition of Manna Pro, a leading producer of nutritional supplements and other animal products, from Carlyle.
  • Precision Medicine Group in a new $275 million investment.
  • Glendon Capital Management in the formation of Glendon Opportunities Fund II, a $2.5 billion global credit opportunities fund.
  • AmTrust Financial Services in a strategic transaction with Madison Dearborn for a portion of AmTrust’s U.S. fee businesses valued at $1.15 billion.
  • CoAdvantage, a Morgan Stanley Private Equity portfolio company, in its acquisition of Progressive Employer Management Company.
  • One Equity Partners in the formation of One Equity Partners VI, a $1.65 billion U.S. and Western Europe buyout fund.
  • Morgan Stanley Investment Management in the formation of North Haven Capital Partners VI, a $1.5 billion global buyout fund.
  • Morgan Stanley Private Equity in the financing aspects of its acquisition of Cadence Education, a leading provider of early childhood education.
  • Morgan Stanley Private Equity in its investment in Pathway Partners, a leading veterinary hospital owner and operator.
  • Littlejohn & Co. in the sale of a minority interest in the firm’s management companies and general partners to Goldman Sachs Alternative Investments & Manager Selection (AIMS) Group.
  • Hertz in its $2.5 billion spin-off of its equipment and rental business.
  • Providence Equity Partners in its acquisition from General Motors and Ford of a majority stake in OEConnection, the established market leader in cloud-based technology solutions that facilitate the efficient location, sale, distribution and dynamic pricing of automotive parts.
  • Morgan Stanley Infrastructure Partners in the formation of North Haven Infrastructure Partners II, a $3.6 billion global infrastructure fund.
  • Newport Global Advisors in the recapitalization of Newport Global Opportunities Fund LP. In the transaction, investment funds managed by Morgan Stanley, LGT Capital and other syndicate investors committed capital to a newly formed Newport-managed fund that acquired substantially all of the portfolio of the existing fund. Existing limited partners elected to either roll their interests into the new fund or receive cash in respect of their interest.
  • TruGreen, a Clayton, Dubilier & Rice portfolio company, and CD&R in TruGreen’s merger with Scotts LawnService.
  • Morgan Stanley Private Equity in its acquisition of CoAdvantage, a leading Professional Employer Organization.
  • Exor as insurance M&A counsel in its contested $6.9 billion acquisition of PartnerRe, a Bermuda-based reinsurance company.
  • Roofing Supply Group, a Clayton, Dubilier & Rice portfolio company, in its $1.1 billion sale to Beacon Roofing Supply.
  • Stone Point Capital in its significant equity investment in specialty insurance broker Alliant Insurance Services, with KKR retaining a significant equity investment in the business.
  • FFL Partners in the formation of FFL Capital Partners IV, a $2 billion North America buyout fund.
  • J.C. Flowers in its acquisition of AmeriLife Group.
  • Morgan Stanley Private Equity in the $600 million sale of Creative Circle, a leading professional staffing firm specializing in advertising, creative and marketing talent, to NYSE-listed On Assignment for a mix of stock and cash consideration.
  • Morgan Stanley Private Equity in its $410 million sale of EmployBridge, a leading provider of outsourced human resource and temporary staffing services, to Select Staffing, an Anchorage Capital backed competitor.
  • OEP Capital Advisors in its spinout from J.P. Morgan Chase, formation of One Equity Partners Secondary Fund, a $1.5 billion U.S. private equity fund, investment management arrangements with J.P. Morgan Chase and certain related matters.
  • Diamond Castle in the restructuring of, and secondary sale of interests in, Diamond Castle Partners IV. In the transaction, investment funds managed by Goldman Sachs Asset Management, Intermediate Capital Group and other syndicate investors committed capital to a newly formed Diamond Castle-managed fund that acquired most of the portfolio of Fund IV, and Fund IV limited partners elected either to participate in the longer term potential of the portfolio by rolling their interests into the new fund or to effectively sell their interests to the buying syndicate.
  • New York Life Investments in its acquisition of IndexIQ, a leader in the liquid alternative exchange-traded fund industry.
  • Wilsonart, a Clayton, Dubilier & Rice portfolio company, in its acquisition of Durcon, a manufacturer of laboratory-grade work surfaces.
  • Strongwood Insurance Holdings in its sale of Sequoia Insurance Company, Personal Express Insurance Company, Sequoia Indemnity Company and certain other subsidiaries to Amtrust Financial Services.
  • Viewdle, a facial recognition technology provider, in its sale to Google.
  • Clayton, Dubilier & Rice in its $1.05 billion acquisition of a majority ownership stake in Wilsonart International Holdings, the decorative surfaces unit of Illinois Tool Works.
  • Morgan Stanley Private Equity in its acquisition of Access Cash, a Canadian independent service organization that manages the country’s second largest network of automated teller machines.
  • Diamond Castle in its sale of York Label Group to Multi-Color Corporation.
  • Morgan Stanley Private Equity in its acquisition of EmployBridge, a provider of outsourced human resource and specialty-branded temporary staffing services.
  • New York Life Investments in its acquisition of a majority interest in Private Advisors, a manager of private equity and hedge funds of funds with $3.9 billion in assets under management.
  • Kelso & Company in its majority investment in Cronos Ltd. and related transactions resulting in a company with owned assets of $1 billion.