Proskauer Receives Top Rankings in PEI Annual Awards
March 1, 2016 (NEW YORK/BOSTON/LOS ANGELES/LONDON) – Proskauer is proud to receive top recognition in the 2016 Private Equity International (PEI) Annual Awards. The Firm won in the Fund Formation Law Firm of the Year (Americas) category and was shortlisted in the following categories: Secondaries Law Firm of the Year (EMEA), Fund Formation Law Firm of the Year (EMEA) and Transactions Law Firm of the Year (Americas).
PEI’s annual awards recognize high performance and key players across the asset class. There is a submission process to determine the shortlist and the winners are determined by popular vote – more than 6,400 votes were cast in this year’s awards. Many of our clients also received awards, and we congratulate them on their success.
The awards highlighted the Firm’s work for Ridgemont Equity Partners on its second buyout fund with $995 million in commitments; Ares Management on its fund formation matters, including the $7.85 billion Ares Corporate Opportunities Fund V and Deerfield Management on the fundraising of Deerfield Private Design IV, a healthcare-focused venture fund with $2.4 billion in commitments.
Over the past year, Proskauer’s Private Investment Funds Group has represented 80+ funds representing more than $30 billion in committed capital, advised on 130+ primary investments, representing more than $4.7 billion in commitments and brought 70+ secondaries transactions across the finish line with total deal values of more than $5 billion. Recent highlights include advising Hg Capital on the close of HgCapital 8 and Mercury 2 with a combined value of £3.1 billion; Atomico on the close of Atomico IV, a $740 million+ growth technology fund; G Square on the close of €350 million G Square Capital II; as well as advising market leaders such as Ardian, HQ Capital, Lexington Partners and PineBridge Investments on their secondary transactions.
In addition, the Firm boasts one of the premier private equity practices in the United States and Europe, handling some of the highest profile private equity deals in the market. The group annually negotiates and closes more than 100 buyouts, portfolio company investments, divestitures and other significant private equity transactions. In 2016, our firm led our clients through transactions with a total deal value exceeding $94 billion. Highlights include representing KKR, as part of a consortium, in the $4 billion acquisition of Ultimate Fighting Championship (UFC), the world’s premier mixed martial arts organization, Ares Management in connection with Ares Capital Corporation’s $3.4 billion acquisition of American Capital, Ltd., and The Carlyle Group’s investment in PA Consulting Group Ltd, a leading consulting, technology and innovation company, for a 51 percent shareholding of the company.