Weil is representing WTW, a leading global advisory, broking and solutions company, in its definitive agreement to acquire Newfront, a San Francisco-based, top-40 U.S. broker combining deep specialty expertise and cutting-edge technology. The agreement provides for upfront and contingent consideration payments totaling $1.3 billion.

The upfront portion of $1.05 billion is comprised of approximately $900 million in cash and $150 million in equity to be paid to Newfront employee-shareholders; the contingent consideration of up to $250 million is payable primarily in equity, subject to Newfront’s achievement of specified performance targets.

The Weil team is led by Mergers & Acquisitions partners Michael J. Aiello and Matthew Gilroy and includes Mergers & Acquisitions associates Brandon Nesfield, Amanda Kadish, David Rudolph, Vincent Calderon and Ryan D’Arco (Not Yet Admitted in New York); Executive Compensation & Benefits Head Paul Wessel, partners Jack Stratton and Sarah Downie, counsel Nicole Tark and associate Rustin Armknecht; Global Tax Chair Joseph Pari and associates Madeline Joerg and Zachary Torres; IP, Technology & Science Litigation partner Gabriel Gross and associate Shireen Leung; Employment partner Xander Tabloff and associate Michael Verdichizzi; Private Funds partner David Wohl; Antitrust partner John Scribner, partner-elect Michael Naughton and associates Joe Ehrenkrantz, Kathryn Graham and Fiona O’Brien; U.S. Privacy & Cybersecurity Head Olivia Greer and associates David Merck and Sarah Schwarz; Technology & IP Transactions partner Dennis Adams and associates Nupur Sachdev (Not Yet Admitted in New York) and Taya Bokert; Real Estate counsel Simon Heimowitz and associates Ilana Bier and Brenna Murphy; Governance, Securities & Reporting partner Kaitlin Descovich and associate Julie Rong (Not Yet Admitted in CA); Regulatory Transactions partner Antonia Tzinova, partner-elect Ariel Fliman and associate Sisi Liu; Capital Markets partners Corey Chivers, Merritt Johnson and associates Michael Cremers and Eric Wissman; and Banking & Finance Co-Head Courtney S. Marcus and partner Jessie Chiang.