Weil advised Leonard Green & Partners, as lead investor, in the closing by an Ares Private Equity fund of a single-asset continuation vehicle with approximately $850 million in total commitments for Convergint Technologies, L.P., a global leader in service-based systems integration.

The transaction was led and fully underwritten by Leonard Green & Partners’ Sage Fund, which seeks to invest in industry-leading assets of other private equity sponsors through single-asset continuation vehicles. Vintage Strategies at Goldman Sachs Alternatives also invested in the continuation vehicle. Weil also represented Vintage Strategies in the transaction. 

The Weil team was led by Private Equity partner Brian Parness and U.S. Private Funds Co-Head Stephanie E. Srulowitz and included Private Equity associates Sam de Blecourt and Andrew Distell; Private Funds counsel Benjamin Anderson and associate Kareim Oliphant (Not Yet Admitted in New York); Tax partner Menachem Danishefsky and associate Josh Schonfeld; and Antitrust partner Jasmine Rosner, counsel Dan Nobil and associate Jarui Wang.