Weil advised Blue Owl Capital and Warburg Pincus, as lead investors alongside ICONIQ, in the closing of a $1.625 billion recapitalization of Big Brand Tire & Service, one of the largest and fastest-growing non-discretionary automotive service businesses in the country, by Percheron Capital. The recapitalization, which was significantly oversubscribed, was completed through a single-asset continuation vehicle formed to accelerate the company’s next phase of industry-leading growth.

The Weil team advising Blue Owl was led by Private Equity partner Brian Parness and Private Funds Co-Head Stephanie Srulowitz and included Private Equity associates Sam de Blecourt and Joseph Schwartz, Private Funds associates Benjamin Anderson and Geneva Kotler, and Tax partner Menachem Danishefsky and associate Sidney Chiang.

The Weil team advising Warburg Pincus was led by Private Equity partner Trey Muldrow and Private Funds partner Lana Castor and included Private Equity counsel Theodora Tavridou and associate Ben Weinstein, Private Funds associate Priyanka Bagrodia and Tax partner Hillel Jacobson.