January 31, 2020
Weil was recently profiled by Law360 as a 2019 Private Equity “Practice Group of the Year” for its role in closing some of the biggest deals in the industry over the past year.
The profile highlighted the group’s role guiding SoftBank's $9.5 billion investment in WeWork, as well as its role advising Brookfield Asset Management on a $4.8 billion investment in Oaktree Capital Group, a deal that has resulted in one of the largest asset managers in the industry. Douglas Warner, co-head of Weil's global Private Equity practice, said: "I think both the SoftBank transaction and the Brookfield transaction are good examples of why clients come to Weil. We are excellent at complexity."
Weil's private equity team closed several other multibillion-dollar transactions in 2019, including SoftBank’s investments in autonomous driving technology companies such as Advanced Technologies Group, which focuses on developing autonomous ride technology for its corporate parent Uber, and GM-owned Cruise.
The profile also highlighted the team’s growth equity expertise, citing clients such as Providence Equity Partners, TCV and Guidepost Growth Equity. The group's focus on growth equity is the "largest and most active" of its kind, said Kevin Sullivan, co-head of Weil’s U.S. Private Equity practice.
Weil’s Private Equity practice comprises 150 lawyers based across the Firm’s U.S. offices in New York, Boston, Dallas, Houston and Silicon Valley. The practice includes 300 lawyers worldwide.
"Private equity as an industry is growing and we're going to continue to invest in it because it's one of the most important practice areas, if not the most important practice area, for the firm," Sullivan said. "It's an area where there's still a lot of opportunities."