The Carlyle Group on Its Acquisition of Crestview Partners’ Outstanding Interest in NEP Group

Jones Day served as legal advisors to NEP on the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisors to Crestview on the transaction. Debevoise & Plimpton LLP served as legal advisors to Carlyle on the transaction. J.P. Morgan Securities LLC, Barclays and Patricof Co served as financial advisors to the Company. Berenson & Company, LLC served as financial advisor to Carlyle.

Carlyle Global Partners, Carlyle’s long-duration private equity fund, has agreed to acquire Crestview’s remaining shareholding in NEP. Carlyle initially invested in NEP alongside Crestview and Management in June 2016 and, following this transaction, will hold a majority interest in NEP. Carlyle will continue to support management’s strategy of building a diversified worldwide outsourced technical production partner supporting premier content producers of live sports and entertainment.

For over 30 years, NEP has earned the respect of the industry by raising the bar in technical management, production support and engineering. NEP provides vital technical resources and the industry know-how to help clients make, manage and show the world their content ? anywhere, anytime, on any platform. The company’s 3,500+ employees are driven by a passion for superior service and client-focused innovation. NEP’s global scale and local service is supported by the industry’s largest inventory of resources, including 160+ mobile units / OB vans, 40+ broadcast flypack systems, 44 studios with custom control room capabilities worldwide, 40K+ square meters of LED, 40+ live event production flypacks and innovative software-based media management solutions. NEP’s global headquarters is located in Pittsburgh, Pennsylvania, and it has operations in 24 countries and the ability to service clients worldwide.

Carlyle launched its longer-duration private equity strategy, Carlyle Global Partners, in 2014 to pursue opportunities that leverage Carlyle’s expertise, resources and global platform in investments that benefit from longer hold periods and structural flexibility. The fund has made eight investments to date.

Debevoise & Plimpton LLP is advising The Carlyle Group with a team including Jonathan E. Levitsky (Picture) and includes partners Gary M. Friedman and Elizabeth Pagel Serebransky and associates Emily F. Huang, Rosemary Chandler, Carolina de Barros, Ben Lee Friedman, Simone S. Hicks and John R. Love.

Jones Day advised NEP Group, Inc. with a team led by David A. Grubman and Zachary R. Brecheisen.

Paul, Weiss advised Crestview Partners with a team led by Neil Goldman and Kenneth Schneider.

Involved fees earner: Neil Goldman – Paul Weiss Rifkind Wharton & Garrison; Kenneth Schneider – Paul Weiss Rifkind Wharton & Garrison; Jonathan Levitsky – Debevoise & Plimpton; Emily F. Huang – Debevoise & Plimpton; Carolina de Barros – Debevoise & Plimpton; John Love – Debevoise & Plimpton; Gary Friedman – Debevoise & Plimpton; Rosemary Chandler – Debevoise & Plimpton; Ben Lee Friedman – Debevoise & Plimpton; Elizabeth Pagel Serebransky – Debevoise & Plimpton; Simone Hicks – Debevoise & Plimpton; David Grubman – Jones Day; Zachary Brecheisen – Jones Day;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Debevoise & Plimpton; Jones Day;

Clients: Carlyle Group; Crestview Partners; NEP Group, Inc.;

Author: Ambrogio Visconti