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 Edi Rumano (Admitted in New York State Only), Kirby Sabra and Ryan McCarthy. The team also included Tax partners Noah Beck and Mark Schwed; Executive Compensation & Benefits partner Jennifer Britz; Banking & Finance partner Benton Lewis; Capital Markets partner Corey Chivers; Head of U.S. Structured Finance Frank Nocco; Employment Litigation partner Nicholas Pappas; Tax associate Soo Jin Kim; Executive Compensation & Benefits associate Radhika Tahiliani; Capital Markets associate Josh Van Kirk; Structured Finance associate Jeffrey Dawidowicz; and Employment Litigation associate Thomas McCarthy.