Weil, Gotshal & Manges LLP

Weil Gotshal Advises N.E.W. in Its Round of Investment by Berkshire Partners and Freeman Spogli

(August 8, 2006, Weil Gotshal Press Release)

New York, August 8, 2006 - Weil, Gotshal & Manges LLP, the international law firm, advised N.E.W. Customer Service Companies (NEW) in its major investment by Berkshire Partners, along with Freeman Spogli & Co.

The management of NEW also made an investment as part of the transaction, which gave NEW an enterprise value of approximately $1.21 US billion.

NEW currently manages more than 70 million active consumer extended service contracts that span a broad range of products including consumer electronics, home office equipment, sporting goods, lawn and garden equipment, and consumer electronics.

NEW’s programs generate over $2 billion in sales for major national retailers, manufacturers, utilities and financial services companies. NEW also provides post-sale customer care through its eight call centers and network of over 25,000 independent service centers.

Weil, Gotshal & Manges LLP’s Team

Partners: Charles W. Robins (Private Equity, Boston); Steven M. Peck (Private Equity/M&A, Boston); Andrew L. Gaines  (Tax, New York);
Counsel: Steven Margolis (Employment, New York)
Associates: Robert R. Hindman, Ramona Yasmine Miller Nee, Jeff Turner, Matthew W. Goulding

About Weil, Gotshal & Manges

Weil, Gotshal & Manges LLP is an international law firm of over 1,100 lawyers, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Providence, Shanghai, Singapore, Silicon Valley, Warsaw, Washington DC and Wilmington.
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