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 acts as regular outside counsel to TPG Capital and its portfolio companies. He recently represented Envision Pharmaceutical Holdings, a portfolio company of TPG, in its sale to Rite Aid Corporation for approximately $2 billion and also 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, its acquisition of a 35% non-controlling interest in Creative Artists Agency, and its acquisition with Riverwood Capital of a majority interest in Aptina Imaging Corporation from Micron Technology. Mr. Shim also represented TPG and Goldman Sachs Capital Partners in connection with their $27.5 billion acquisition of Alltel Corporation, the largest leveraged buyout in the telecommunications industry and Investment Dealers’ Digest
’s "Telecom Deal of the Year," 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. The Lenovo and SunGard transactions were named "M&A Deal of the Year" by IFLR Asia
and "M&A Deal of the Year" by IFLR Americas
, respectively, in 2005. Mr. Shim also represented TPG in connection with its investments in IASIS Healthcare, KRATON Polymers, MEMC Electronic Materials, Seagate Technology, ON Semiconductor, Oxford Health Plans, J.Crew Group and Del Monte Foods.
Mr. Shim is representing 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 is representing 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. The investment was the single largest foreign investment ever in a Chinese company, and was named "M&A Deal of the Year" and "China Deal of the Year" by Asian Legal Business
in 2005. He also represented Bank of America in its sale of its U.S. and European-based securitization trust administration business to U.S. Bank and the $1 billion 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 Temasek Holdings in connection with its $500 million investment in Thermo Fisher Scientific Inc.
Mr. Shim advised China Investment Corporation in connection with its $1.58 billion investment in AES Corporation.
Mr. Shim represented fashion designer Reed Krakoff in the acquisition of his eponymous business from Coach, Inc.
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.