Paul, Weiss is advising funds managed by affiliates of Apollo Global Management, Inc. in their all-cash acquisition of The New Home Company, a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in California, Arizona and Colorado. Upon the completion of the transaction, The New Home Company will become a privately held company with an enterprise value of $338 million.

Under the terms of the agreement, Apollo funds will commence a tender offer to acquire all outstanding shares of the company for $9.00 per share in cash. Following the successful completion of the tender offer, Apollo funds will acquire all remaining shares not tendered in the offer through a second-step merger at the same price. The transaction will be financed with equity provided by the Apollo funds and, if required, a committed debt financing package. Closing of the transaction is subject to customary closing conditions and approvals.

The Paul, Weiss team includes M&A partners Taurie Zeitzer and Brian Scrivani and counsel John Godfrey; finance partners Gregory Ezring, Catherine Goodall and Brian Kim and counsel Gabriella Toossi; tax partner Brian Grieve; intellectual property partner Charles Googe; real estate partner Peter Fisch and counsel Manuel Lauredo; litigation partner Gregory Laufer; executive compensation partner Lawrence Witdorchic and counsel Ron Aizen; and investment funds counsel Caitlin Kelly.

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