Megan Spelman

Paul, Weiss advised Five Arrows, the alternative assets arm of Rothschild & Co, on its strategic investment, alongside existing investor Vista Equity Partners, in Melbourne-based StarRez, a global leader in campus student housing software. The transaction will further sharpen StarRez’s focus on innovation and customer experience. Financial details of the transaction were not disclosed. The Paul, Weiss team was led by corporate partners Matthew Abbott and Megan Spelman, and included tax partner Lindsay Parks; intellectual property partners Jonathan Ashtor and Brianna van Kan; and litigation counsel Audrey Paquet.

Jan 15

1 min

Paul, Weiss is advising Biofourmis in its strategic merger with CopilotIQ, a health tech company helping older Americans with chronic conditions live longer and healthier lives. Biofourmis is a global technology-enabled care delivery company, delivering in-home care solutions serving enterprise healthcare customers. The combination will create the industry's first AI-driven platform that delivers in-home care across the full spectrum from pre-surgical optimization to acute, post-acute and chronic care. The Paul, Weiss team is led by partners Matthew Abbott, Megan Spelman and Lindsay Parks, and includes executive compensation partner Jarrett Hoffman and counsel Bruce Goldberger; intellectual property partner Jonathan Ashtor and counsel Brianna van Kan; litigation counsel Audrey Paquet; and antitrust counsel Yuni Sobel.

Oct 21

1 min

Paul, Weiss advised Greater Sum Ventures, an entrepreneurial family office that invests in middle market software and tech-enabled service companies, on its preferred equity investment, alongside Blackstone Tactical Opportunities, into Inhabit, a global leader in property management solutions. With this investment, GSV and Blackstone join institutional investors Goldman Sachs, Insight Partners and PSG as shareholders in Inhabit. The Paul, Weiss team was led by corporate partners Ted Ackerman and Megan Spelman, and associate Bathiya Sheriffdeen, and included partners Lindsey Wiersma and Christodoulos Kaoutzanis; tax partner Anne McGinnis and counsel Patrick Karsnitz; executive compensation partner Rebecca Coccaro and counsel Meghan Fox; and antitrust counsel Todd Hahn and Chad de Souza.

Dec 2

1 min

Paul, Weiss obtained court approval for Diamond Sports Group’s plan of reorganization under chapter 11, positioning the company to reduce its outstanding debt from nearly $9 billion to $200 million and exit bankruptcy in the coming weeks. Diamond, which does business as FanDuel Sports Network, is the nation’s largest owner of regional sports networks. Diamond filed for bankruptcy in March 2023 and subsequently entered into a restructuring support agreement with the company’s creditors that would eliminate the vast majority of its outstanding debt, separate its business from its parent company Sinclair Broadcast Group, and position the company to expand its direct-to-consumer offerings to address changing consumer preferences as consumers move away from traditional cable and satellite offerings. Diamond also settled a lawsuit it commenced against Sinclair for approximately $495 million, which will be used to support the restructuring. Over the past 18 months, Diamond has strengthened its business by reaching revised multi-year rights agreements with team and league partners, go-forward carriage agreements with major distribution partners, a broad naming rights partnership with FanDuel and a commercial agreement with Amazon. Upon emergence from bankruptcy, the company will be well capitalized with more than $100 million in cash and cash equivalents on its balance sheet. Diamond will operate as a standalone entity, having already completed its operational separation from Sinclair, and will be home to a combined 27 NBA, NHL and MLB teams. At the confirmation hearing, U.S. Bankruptcy Judge Christopher Lopez of the Southern District of Texas, who approved the plan, described the proceedings as “a model of the way cases, in my opinion, should be run.” The Paul, Weiss team includes, among others, restructuring partners Brian Hermann, Joseph Graham and Lauren Bilzin; litigation partners William Clareman, Gregory Laufer, Randy Luskey and Andre Bouchard and counsel Yotam Barkai, Jonathan Hurwitz, Matthew Stachel and Audrey Paquet; corporate partners Jeffrey Marell, David Huntington, Charles Pesant, and Megan Spelman and counsel Mary-Ann Awada, Hilary Christian, David Sobel and Jason Tyler; tax partner Brian Krause; executive compensation partner Rebecca Coccaro and counsel Jake Glazeski; intellectual property and entertainment partner Chuck Googe and counsel Brianna van Kan; real estate partner Peter Fisch and counsel Ruobing Chen and Ida Nowaid; and antitrust counsel Todd Hahn.

Nov 14

2 min

Paul, Weiss advised the Caisse de dépôt et placement du Québec (CDPQ), longtime investor to leading claims management services company Sedgwick, in a $1 billion significant minority investment in Sedgwick led by Altas Partners. Under the terms of the transaction, CDPQ continues its support of Sedgwick as a minority shareholder, alongside Onex Corporation. Following the investment by Altas, Sedgwick’s total enterprise value is now approximately $13.2 billion. The Paul, Weiss team was led by corporate partners Megan Spelman and Adam Givertz, and included, among others, corporate counsel Robert Balis; and tax partner Scott Sontag.

Nov 12

1 min