Weil advised Providence Equity Partners as lead investor, together with Ares Management, in a $400 million acquisition of convertible preferred shares of OUTFRONT Media, Inc., a publicly traded provider of outdoor advertising services. The transaction closed on April 20, 2020.
The Weil team that advised Providence Equity was led by Mergers & Acquisitions partner Michael J. Aiello and Private Equity partner Kevin J. Sullivan and included Corporate associates Kirby Sabra and Ryan McCarthy. The team also included Tax partner Noah Beck; Executive Compensation & Benefits partner Jennifer Britz; Banking & Finance partner Benton Lewis; Capital Markets partner Corey Chivers; Head of U.S. Structured Finance Frank Nocco; Executive Compensation & Benefits associate Radhika Tahiliani; Structured Finance associate Jeffrey Dawidowicz; and Employment Litigation associate Thomas McCarthy.