left-caret

NEWS

Paul Hastings Advised BPOC in Multi-Asset Continuation Fund

April 18, 2023

Paul Hastings LLP advised BPOC, a healthcare investor, in connection with the creation of a multi-asset continuation fund that will provide more time and, in some cases, additional capital to grow some of its companies.

In moving BPOC’s existing five healthcare services companies from two LPs that closed in 2013, the existing LPs were offered the option of receiving full liquidity, fully re-investing, or partially re-investing in the continuation fund, which is valued at $425 million.

Apollo’s S3, Blackstone’s Strategic Partners, and Rothschild’s Five Arrows unit co-led on the continuation fund transaction, which also included investments by JPMorgan, Newbury Partners, Committed Advisors, and Kline Hill Partners.

Private Equity partner Brian Richards led the Paul Hastings team, which also included Antitrust partner Michael S. Wise, Tax partner Jim Smulkowski, and Corporate associates Michael Kesler and Jaime Monte.

More details can be found here.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment and real estate, Paul Hastings is a premier law firm providing superior intellectual capital and execution globally to the world’s leading investment banks, asset managers and corporations.

Practice Areas

Private Equity


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Corporate, Litigation, Real Estate, Intellectual Property, Life Sciences, and Employment

Becca Hatton

Paris

Katy Foster

Europe

Miranda Ward

Submission Requests

Firmwide Inquiries

Elliott Frieder