HPS Completes Vialto Recapitalization Transaction

Paul, Weiss advised HPS Investment Partners in the recapitalization of Vialto Partners, a premier provider of global mobility, tax and immigration solutions. The recapitalization transaction reduced the company’s outstanding debt by approximately $550 million, delivered a $225 million new money equity capital investment and provided the company with certain amendments to its existing debt obligations, resulting in a more sustainable capital structure going forward. Following completion of the transaction, HPS became a minority equity owner of Vialto.

The Paul, Weiss team was led by, among others, partners Paul Basta, Liz Osborne, Sung Pak and Christopher Hopkins; corporate partners Bianca Levin-Soler, David Holdsworth, Raphael Russo, Jeffrey Marell, Udi Grofman and Benjamin Wilkinson, and counsel Hein Visser, Gert Raig and Nathan Mitchell; tax partners Robert Holo and Timothy Lowe; antitrust partners Nicole Kar and Katharine Haigh, and counsel Lauren O'Brien and John Magruder; executive compensation partners Jean McLoughlin and Ron Aizen; and litigation partners Lewis Clayton, Gregory Laufer and Jeffrey Recher.