The Carlyle Group’s Investment in Prime Clerk

Paul, Weiss represented New York-based claims and noticing administrator Prime Clerk in global asset manager The Carlyle Group’s strategic investment in the company.

Prime Clerk, a claims and noticing administrator based in New York, today announced that it has received a strategic investment from the global alternative asset manager The Carlyle Group (NASDAQ: CG).

Prime Clerk was founded by experienced claims administration professionals and seasoned law firm partners to improve the claims administration services industry through improved efficiency, accuracy and customer service.

The company’s services include: pre-bankruptcy filing preparation, noticing solutions, claims administration, balloting and tabulation, secure disbursements, strategic communications and call center support, case specific websites and virtual data rooms.

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $174 billion of assets under management across 306 investment vehicles as of September 30, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy & power, financial services, healthcare, industrial, infrastructure, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,550 people in 31 offices across six continents.

The Paul, Weiss team included corporate partner Angelo Bonvino (Picture), tax partner Scott Sontag; employee benefits partner Lawrence Witdorchic; intellectual property partner Chuck Googe; real estate partner Peter Fisch; antitrust counsel Marta Kelly; and environmental counsel William O’Brien.

Involved fees earner: Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Prime Clerk LLC;


Author: Ambrogio Visconti