Sidley represented affiliates of Apollo Global Management, Inc. in its placement of US$600 million of perpetual preferred stock and warrants in Expedia Group, Inc. Affiliates of Silver Lake purchased US$600 million of the same in this transaction. Expedia is a global online travel company. Apollo Global Management is one of the largest global alternative asset managers with US$331 billion under management as of December 31, 2019.
The deal was led by Private Equity partner Adam Weinstein and M&A partner John Butler and included partners Jennifer Coplan (Technology and IP Transactions), Sam Gandhi (Capital Markets), Scott Heyman (Tax Controversy), Alex Kaplan (Securities and Shareholder Litigation), Alan Raul (Privacy and Cybersecurity), Ben Rosemergy (Employee Benefits and Executive Compensation) and Tracy Williams (Tax); counsel Daniel Ray (Technology and IP Transactions), James Weiss (Labor, Employment and Immigration); M&A associates Lanna Lan, Pragyan Patnaik, Daniel Pruze and Alan Sun; associates Shay Banerjee (Privacy and Cybersecurity), Joshua Card (Commercial Litigation and Disputes), Martha Clarke (Labor, Employment and Immigration), Betsy Mead (Capital Markets), Andrei Pinchuk (Tax) and Karim Pirani and Richard Schneider (Employee Benefits and Executive Compensation).
