Five Firms Lead TPG’s $2.7 Billion Angelo Gordon Acquisition

At least five law firms are advising in private equity firm TPG’s acquisition of credit-focused alternative asset firm Angelo Gordon for around $2.7 billion.

Weil Gotshal is serving as TPG’s lead counsel in the transaction, while Cleary Gottlieb is advising the San Francisco-based firm on investment fund matters. Davis Polk & Wardwell is advising TPG on tax and financing matters, and Shearman & Sterling is advising it on executive compensation matters, according to a statement.

Paul Weiss is counseling Angelo Gordon. The transaction is expected to close in the fourth quarter, the statement said.

TPG said the purchase of New ...