Private Equity

Davis Polk has been a leading adviser on private equity matters since the sector’s earliest stages in the mid-1980s. We advise a diverse group of private equity firms and funds, large sponsors affiliated with financial institutions, sovereign wealth funds, leading LP investors, secondary investors, and venture capital firms.

We have a deep understanding of evolving trends within the marketplace because of our vast experience in fund formation and marketing; structuring and making equity investments; negotiating bridge, high-yield and senior debt financing for portfolio companies; structuring management compensation programs; making follow-on investments; and negotiating workouts. This vast experience gives us a deep understanding of evolving trends within the marketplace.

Few firms offer the combination of:

  • Our technical capabilities in private equity
  • The breadth of understanding we have across all industries of the corporate world
  • The comprehensive manner in which our services are delivered
  • The service offerings that support our clients’ legal, regulatory and risk infrastructures

 

Recognition

  • Chambers USA – Our private equity buyouts group is ranked highly: “[Davis Polk is] adept in handling the full spectrum of private equity transactions, including buyouts. Marquee clients span both independent sponsors and private equity groups within major financial institutions.” 
  • Legal 500 U.S. – “The team at Davis Polk is ‘quick’, ‘smart’, ‘efficient’, ‘professional’ and ‘user-friendly’. The firm has created a vibrant practice by leveraging relationships in the private equity arms and private equity spin-offs from the investment banks.” 

Notable Matters

Our recent transactions include:

Goldman Sachs. We advised Goldman’s Merchant Banking Division on the preferred equity financing for the $5.5 billion acquisition of Cabela’s, a marketer of hunting, fishing, camping and related outdoor merchandise, by Bass Pro Shops, a national retailer of outdoor gear and apparel.

Brookfield Business Partners. We advised Brookfield on its $13.2 billion acquisition of the Power Solutions business of Johnson Controls International.

Lightyear Capital. We advised Lightyear Capital, a provider of private equity capital to a broad spectrum of companies across the financial services industry, on a number of acquisitions and divestitures.

TPG Capital. We advised TPG Capital, a leading global alternative asset firm with more than $108 billion of AUM, on its acquisition of Convey Health Solutions, a specialized healthcare technology and services company, from New Mountain Capital.

Tailwind Capital. We provided advice on multiple acquisitions and bolt-on transactions to Tailwind Capital, a middle-market private equity firm investing in growth-oriented companies in targeted sectors within the healthcare, industrial and business services industries.

Atairos. We advised Atairos, an independent private company focused on supporting growth-oriented businesses, on a number of recent acquisitions and bolt-on transactions.

Metalmark Capital. We advised Metalmark Capital, a private equity firm that seeks to build long-term value, on multiple acquisitions, investments and portfolio company sales.

Crestview Partners. We advised Crestview Partners, a value-oriented private equity firm focused on the middle market, on a number of acquisitions, investments and portfolio company sales.

Cornell Capital. We advised Cornell Capital, a private investment firm founded in 2013 by Henry Cornell, the former vice chairman of Goldman Sachs’s Merchant Banking Division, on a number of acquisitions and investments.