What do we do?
The Private Equity Transactions practice group represents private equity funds and institutional investors in a full range of transactional work involving both public and private companies, including "going private" transactions, acquisitions and dispositions of subsidiaries and divisions, purchases of businesses from entrepreneurs, sales of portfolio companies  between private equity firms, and transactions effected through bankruptcy. 

• Represent Thomas H. Lee Partners and Bain Capital Partners in the $26.7 billion buyout of Clear Channel Communications, the nation's largest radio company with more than 1,100 stations. For a description of an associate's role in the transaction, click here.
• Represented Bain Capital Partners and Chatterton Partners in their 2007 $3.2 billion acquisition of OSI Restaurant Partners. OSI's portfolio of brands consists of Outback Steakhouse, Crabbe's Italian Grill, Bonefish Grill, Fleming's Prime Steakhouse & Wine Bar, Roy's, Lee Roy Salmon's, Blue Coral Seafood & Spirits and Cheeseburger in Paradise restaurants with operations in 50 US states and 21 countries.
• Represented Silver Lake Partners and TPG in its $8 billion acquisition of Avaya, a global provider of business communications applications, software, and services in 2007.
• Represented Bain Capital, Carlyle and TH Lee in the 2006 $2.4 billion leveraged buyout of Dunkin' Donuts. For a description of an associate's role in the transaction, click here.
• Represented Bain Capital, one of a three-member consortium, in the 2007 $8.5 billion acquisition of HD Supply, the wholesale distribution arm of Home Depot. For a description of an associate's role in the transaction, click here.
• Represented Silver Lake Partners in its $1.2 billion sale of Instinet LLC to Nomura Holdings Inc. in 2007. Instinet is as a global agency broker, providing the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide. R&G partnered with Silver Lake when it purchased a majority stake in Instinet in 2005 for $208 million.
• Represented Thomas H. Lee Partners, Bain Capital Partners and The Blackstone Group in the $3.4 billion sale of Houghton Mifflin Co. to HM Rivergroup PLC in 2006.
• Partnered with Silver Lake Partners, Kohlberg Kravis Roberts, Bain Capital and Apax in their 2006 runner up bid in the $17.6 billion auction of Freescale, the third largest chip maker in the United States.
• Represented the consortium that included Bain Capital and Blackstone in a $6 billion leveraged buyout of Michaels Stores. The 2006 transaction added the world's largest specialty retailer of arts, crafts, framing, floral, wall decor, and seasonal merchandise for the hobbyist and do-it-yourself home decorator to Bain and Blackstone's portfolio. As of June 2006, the company owned and operated 900 Michaels stores in 48 US states and Canada, 165 Aaron Brothers stores, 11 Recollections stores and four Star Wholesale operations.
• Represented Welsh, Carson, Anderson & Stowe in its 2007 acquisition of United Surgical Partners International, Inc. USPI, founded in 1998 by Donald E Steen and Welsh Carson, manages short-stay surgical facilities. In 2001, Welsh Carson took the company public and now has interests in or operates 141 surgical facilities.
• Represented Bain Capital in its 2007 sale of the global pet food operations of Nutro Products Inc., a leading manufacturer of high nutrition, high performance dog and cat foods sold in pet specialty and farm and feed stores, to Mars, Incorporated. Ropes & Gray also represented Bain Captital during its 2006 recapitalization of Nutro Products, Inc.
• Represented Apax in its $1.8 billion acquisition of HUB International which provides property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the US and Canada in 2007.
• Represented Kohlberg & Company its 2007 acquisition of Central Parking along with Lubert-Adler Partners, L.P., and Chrysalis Capital Partners, L.P. Central Parking operates approximately 3,000 parking facilities totaling approximately 1.4 million spaces worldwide. For a description of an associate's role in the transaction, click here.
• Represented Fenway Partners in its 2007 acquisition of 1-800 Contacts, a retailer of contact lenses by telephone and over the Internet.
• Represented Thomas H. Lee and Quadrangle partners in a $4 billion recapitalization of West Corporation, provider of outsourced communication solutions in 2006.
• Represented Welsh, Carson, Anderson & Stowe in its 2007 $683 million acquisition of TransFirst, a provider of transaction processing services and payment enabling technologies. TransFirst provides services for more than 155,000 merchants and 965 financial institutions. For a description of an associate's role in the transaction, click here.
• Represented Bain Capital, one of a four-member consortium, in the largest buyout in history. The $33 billion acquisition of HCA Corp. tops the $31.3 billion sale of RJR Nabisco in the late 80s.
• Represented Welsh, Carson, Anderson & Stowe in its 2007 acquisition and recapitalization of Universal American and Member Health, two of the largest providers of prescription drug benefits and a national Medicare Part D sponsors.