Latham & Watkins LLP represented Sail in the transaction, while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to Newlight.
Sail Internet, Inc. (Sail), a rapidly-growing, high-speed internet provider leveraging fiber and next-generation wireless infrastructure to serve homes and businesses, has announced a new investment from affiliates of Newlight Partners LP, a private investment firm. Terms of the transaction were not disclosed.
Newlight Partners LP is a private investment firm focused on building businesses with long-term growth potential in partnership with founders and exceptional management teams. For more than 15 years, the Newlight team has helped build successful enterprises in five sectors, including telecommunications, financial services, power & infrastructure, healthcare and business services.
The Paul, Weiss team advising Newlight included corporate partners Bruce Gutenplan (Picture) and Raphael Russo and counsel Scott Grader; tax partner David Mayo; executive compensation partner Lawrence Witdorchic; intellectual property partner Claudine Meredith-Goujon; and antitrust counsel Marta Kelly.
Latham & Watkins LLP represented Sail in the transaction with a corporate deal team led by Bay Area partner Eric Schwartzman, with associates Michael Podolny and Ajay Sundar. Advice was also provided on benefits and compensation matters by Bay Area partner Erin Murphy, with associate Erik Ward; on tax matters by Bay Area partner Grace Lee, with associate Amy Feinberg; and on antitrust matters by Washington, D.C. counsel Patrick English.
Involved fees earner: Patrick English – Latham & Watkins; Grace Lee – Latham & Watkins; Erin Murphy – Latham & Watkins; Michael Podolny – Latham & Watkins; Eric Schwartzman – Latham & Watkins; Ajay Sundar – Latham & Watkins; Erik Ward – Latham & Watkins; Scott Grader – Paul Weiss Rifkind Wharton & Garrison; Bruce Gutenplan – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Raphael Russo – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison;