Weil advised Apollo’s Sponsor and Secondary Solutions business (Apollo S3), as lead investor, in its investment in Butterfly’s oversubscribed $527 million single-asset continuation fund for QDOBA Restaurant Corporation, the No. 1 Mexican fast-casual franchisor in North America with over 800 locations and approaching $1.3 billion in systemwide sales.

The Weil team was led by Private Equity partner Brian Parness, U.S. Private Funds Co-Head Stephanie E. Srulowitz and Private Funds partner Sarah Borden and included Private Equity associates Sam de Blecourt, Sam Mendelson and Tanner Woods; Private Funds associates Heather Walsh and Charu Singh; and Tax partner Hillel Jacobson and associate Kyle Jackson.