February 17, 2017
Weil has been profiled as a Private Equity “Practice Group of the Year” for its standout year advising on more than 130 private equity transactions valued at nearly $100 billion, maintaining a busy pace despite a slower year for M&A deals overall.
The profile attributes the depth of talent and the sheer volume of deals Weil works on in a given year as the key to the Firm’s continued success in the private equity sector. Weil has more than 200 lawyers focusing on private equity and in 2016, 25 of their deals exceeded $1 billion, including the $13.9 billion take-private acquisition of Keurig Green Mountain Inc. by JAB Holding Co. which closed in March 2016. Weil also handled a significant volume of transactions for many of its longstanding clients – advising Providence Equity Partners and Providence Strategic Growth Partners on 22 deals in the past year and several deals for American Securities totaling over $3.3 billion in value.
Co-Managing partner of the Firm’s Boston office Kevin J. Sullivan underscores, “Because of the deep bench of talent we have we’re not reinventing the wheel each time we take on a complex transaction. We have the depth and breadth of experience to handle whatever’s thrown at us.” Co-Head of the global Private Equity practice Doug Warner adds that having lawyers working across different practices enables them to access experts on virtually any situation they encounter, no matter how uncommon. Mr. Sullivan notes that there is a growing number of nontraditional investors coming in and looking at uncommon types of investment structures, making Weil’s expertise even more essential in this competitive sector.
In addition to deal expertise, Weil provides in-depth data services to clients, collecting and maintaining a wealth of industry information. “If we were doing 10 deals a year, we would be ineffective at collecting, managing and disseminating that information,” Mr. Warner said. “The fact that we do over 130 private equity deals allows us to be effective at data collection and management on that scale.”
In addition to its private equity practice, Weil also operates a specialized private funds group comprising 60 attorneys focused on fund formation. The group has raised five significant funds for Brookfield Asset Management, including the private equity giant’s $14 billion infrastructure fund - the largest of its kind ever raised, further expanding the services the Firm is able to provide to clients.