July 30, 2014
Weil advised Acosta Sales & Marketing, a portfolio company of Thomas H. Lee Partners, in the sale of Thomas H. Lee’s equity investment in Acosta to The Carlyle Group. Financial terms of the transaction were not disclosed. Under the agreement, Carlyle will purchase Thomas H. Lee Partners’ stake in Acosta, which it had acquired in 2011. GIC, an existing investor in Acosta, will re-invest in the company.
Acosta is a full-service sales and marketing agency in the consumer goods industry. Acosta operates in 110 locations throughout the U.S. and Canada and employs more than 37,000 associates.
The Weil team representing Acosta Sales & Marketing on the transaction was led by Private Equity partner Marilyn French. In addition, the team included Banking & Finance partner Andrew Yoon; Executive Compensation and Employee Benefits partner Amy Rubin; and Tax partner Mark Schwed; Private Equity associates Joseph Bernardi, Patrick Joy and Bryan Settelen; Capital Markets associate Suzanne Lee; Banking & Finance associate Benton Lewis; Executive Compensation and Employee Benefits associate Adam Mendelowitz and Tax associate Joey Juhn.