Paul J. Shim is a partner based in the New York office.
Mr. Shim's practice focuses on public and private merger and acquisition transactions. He also provides advice regarding governance matters and the fiduciary duties of officers and directors to corporations and their boards.
Mr. Shim has been recognized twice by The American Lawyer
as a "Dealmaker of the Year." He has also been honored by The American Lawyer
as a "Dealmaker in the Spotlight," by The AmLaw Daily
as a "Dealmaker of the Week" and by The Times (London)
as a "Lawyer of the Week." Mr. Shim is internationally distinguished as one of the best corporate lawyers by Chambers Global
, Chambers USA
, The Legal 500 U.S.
, The Legal Media Group Guide to the World's Leading Mergers and Acquisitions Lawyers
, The Legal Media Group Guide to the World's Leading Private Equity Lawyers
, The Best Lawyers in America
, The Guide to Leading Practitioners: China
, IFLR 1000: The Guide to the World’s Leading Law Firms
, Lawdragon 500
, Super Lawyers
magazine and The International Who's Who of Business Lawyers
. Mr. Shim lectures and is published on legal developments affecting mergers and acquisitions and the federal securities laws. He is regularly interviewed by the media on matters relating to mergers and acquisitions, and has appeared on Bloomberg TV and Bloomberg Radio.
Mr. Shim is representing Allergan plc in connection with its $160 billion merger with Pfizer Inc., the largest agreed transaction in the pharmaceutical industry. He previously represented Actavis plc in its merger with Allergan.
Mr. Shim acts as regular outside counsel to TPG Capital and its portfolio companies. He represented DTZ, a portfolio company of TPG, PAG Asia Capital and the Ontario Teachers’ Pension Plan, in its acquisition of Cushman & Wakefield and in its previous acquisition of Cassidy Turley. He also represented Envision Pharmaceutical Holdings, a portfolio company of TPG, in its sale to Rite Aid Corporation for approximately $2 billion and previously represented TPG in its acquisition of Envision Pharmaceutical Holdings. He represented TPG in its investment in Uber, its $1.7 billion acquisition of Savers, its $525 million acquisition of Primedia, its $1.4 billion acquisition of Vertafore from Hellman & Friedman and JMI Equity, and its investments in Creative Artists Agency. Mr. Shim also represented TPG and Goldman Sachs Capital Partners in connection with their $27.5 billion acquisition of Alltel Corporation and the subsequent sale of Alltel to Verizon Wireless. He also advised TPG in connection with its $17 billion acquisition of Harrah’s Entertainment, Inc. and in its role as lead investor in Washington Mutual's $7 billion recapitalization. Mr. Shim previously advised TPG in connection with its participation in the $5 billion acquisition of Sabre Holdings, Inc., the $13.7 billion acquisition of Univision Communications, and TPG’s investments in Freescale Semiconductor, Inc., Lenovo Group Limited and SunGard Data Systems.
Mr. Shim is advising Temasek Holdings in connection with its equity participation in the merger of Dell Inc. and EMC Corporation. He previously represented Temasek in its investments in Univar, Internet Brands and Thermo Fisher Scientific Inc.
Mr. Shim represented American Express Company in the formation of a global business travel joint venture with an investment group that includes Qatar Holding, BlackRock, Macquarie and Certares. He previously advised American Express in its $685 million acquisition of Loyalty Partner, a leading marketing services company, from Palamon Capital Partners. He also represented American Express in connection with its $1.1 billion acquisition of Corporate Payment Services, General Electric Company's commercial card and corporate purchasing business unit, in connection with the spin off of its American Express Financial Advisors unit in 2005, and in its acquisitions of Rosenbluth International and the Thomas Cook corporate travel business.
Mr. Shim represented Suntory Holdings, Japan’s leading alcoholic and non-alcoholic beverage company, in its acquisition of Beam Inc. for approximately $16 billion.
Mr. Shim represented entities controlled by Jeffrey Bezos, the founder and CEO of online retailer Amazon.com, in their $250 million purchase of The Washington Post
and various regional publishers.
Mr. Shim advised Dollar Thrifty Automotive Group in connection with its merger with Hertz Global Holdings in a transaction valued at approximately $2.3 billion.
Mr. Shim represented Bank of America Merrill Lynch in the sale of its non-U.S. wealth management business to Julius Baer Group Ltd. He previously represented Bank of America Corporation in connection with its $3 billion equity investment in China Construction Bank, as well as the sale of Bank of America's Hong Kong retail operations to CCB, and subsequent dispositions of its CCB shares for $8.3 billion and $6.6 billion. He also represented Bank of America in its sale of its securitization trust administration business to U.S. Bank and the sale of its Columbia Management business unit to Ameriprise Financial.
Mr. Shim represented Nortel Networks in the Section 363 bankruptcy sale of its residual patent assets to a consortium consisting of Apple, EMC, Ericsson, Microsoft, Research In Motion and Sony for $4.5 billion. He also represented Nortel in the sale of its CDMA and GSM wireless infrastructure assets to Ericsson.
Mr. Shim advised China Investment Corporation in connection with its $1.58 billion investment in AES Corporation.
Mr. Shim joined the firm in 1987 and became a partner in 1996. In 1987, Mr. Shim received a J.D. degree, cum laude
, from New York University School of Law, where he was an editor of the Law Review
. He received undergraduate and graduate degrees in chemical engineering from the Massachusetts Institute of Technology.
Mr. Shim is a member of the Bars in New York and New Jersey and is admitted to practice before the U.S. District Court for the Southern and Eastern Districts of New York, as well as the District of New Jersey.