Scott M. Sontag

Paul, Weiss is advising Gemspring Capital, a private equity firm with deep expertise in specialty software and data-enabled services, in its financial backing of FORM’s merger with Trax. FORM is the maker of market execution software GoSpotCheck and FORM OpX, and Trax is the developer of Image Recognition, which delivers AI-powered shelf-level insights for brands and retailers. The deal creates a global solutions provider uniquely positioned to help brands and retailers deliver excellence. Gemspring’s investment will help facilitate the combined company’s accelerated product innovation and global expansion. The Paul, Weiss team was led by corporate partners Ted Ackerman and Jeffrey Marell, and includes partners David Tarr, Marc Shepsman and Steven Kaye, and counsel Justin Fraterman; tax partner Scott Sontag; antitrust partners Aidan Synnott, Ross Ferguson and Yuni Sobel; intellectual property partner Chuck Googe; litigation partner Nicole Succar and counsel Audrey Paquet and David Cole; and executive compensation partner Rebecca Coccaro and counsel Lisa Krausz Eisenberg.

Feb 4

1 min

Paul, Weiss is advising the Mergers & Acquisitions Committee of the Board of Directors of United Homes Group, Inc., on United Homes’ all-cash acquisition by Stanley Martin Homes, LLC. Upon completion, United Homes will be delisted from the Nasdaq and become a Stanley Martin subsidiary. The deal is expected to close in the second quarter of 2026, subject to customary closing conditions. The Paul, Weiss team is led by corporate partners Jeffrey Marell and Lara Solomons, and includes partner David Sobel; litigation partner Geoffrey Chepiga; executive compensation partner Rebecca Coccaro; tax partner Scott Sontag; intellectual property partner Claudine Meredith-Goujon; real estate partner Matthew Dulak; and environmental counsel William O’Brien.

Feb 23

1 min

Paul, Weiss represented RXO, Inc., a leading provider of asset-light transportation solutions, in its private offering of $400 million aggregate principal amount of 6.375% senior unsecured notes due 2031. The proceeds of the offering will be used to repurchase or redeem all of RXO’s outstanding 7.500% notes due 2027, to pay related fees and expenses and for general corporate purposes. BofA Securities, Citigroup, Barclays, Goldman Sachs & Co. LLC, Morgan Stanley and Wells Fargo Securities acted as joint bookrunning managers, and J.P. Morgan, Regions Securities LLC, Scotiabank, Truist Securities and U.S. Bancorp acted as co-managers. The Paul, Weiss team included corporate partners David Huntington and David Sobel; and tax partner Scott Sontag and counsel Alyssa Wolpin.

Feb 20

1 min

Paul, Weiss is advising funds affiliated with Ares Management LLC, a major shareholder in Clear Channel Outdoor, in connection with Clear Channel’s sale to Mubadala Capital, in partnership with TWG Global, for an enterprise value of $6.2 billion. Clear Channel is a leader in U.S. out-of-home advertising. The all-cash transaction, announced on February 9, is expected to close by the end of the third quarter of 2026, subject to customary closing conditions. The Paul, Weiss team is led by corporate partners Michael Vogel, Lara Solomons and Kenneth Schneider, and includes partner Thomas de la Bastide; and tax partner Scott Sontag.

Feb 9

1 min

Paul, Weiss is advising Eli Lilly and Company in its acquisition of Orna Therapeutics, Inc., a biotechnology company dedicated to engineering immune cells in vivo. Under the terms of the agreement, Lilly will acquire Orna for up to $2.4 billion in cash, inclusive of an upfront payment and subsequent payments upon achievement of certain clinical development milestones. Orna is advancing a new class of therapeutics designed to allow the patient’s own body to generate cell therapies that can treat underlying disease. The Paul, Weiss team is led by partners Krishna Veeraraghavan, Chelsea Darnell and Jeffrey Osterman, and includes corporate partner Benjamin Goodchild; intellectual property partner Meggin Bednarczyk; tax partner Scott Sontag; executive compensation partner Jarrett Hoffman; real estate partner Peter Fisch and counsel Ruobing Chen; and litigation partner Elizabeth Weiswasser and counsel Audrey Paquet.

Feb 9

1 min