Weil hires veteran secondaries partner

Weil, Gotshal & Manges has added a partner with secondaries expertise to its New York office.

Ackneil (Trey) Muldrow advises corporations, sovereign wealth funds and private equity sponsors on buyouts, mergers, spinouts, carve-outs and complex secondaries transactions, according to a statement. He also specialises in M&A in the asset management industry.

“Trey brings an outstanding track record of advising on complex corporate matters, demonstrating passionate commitment to clients,” said Weil executive partner Barry Wolf in the statement. “These qualities align with Weil’s culture, and we are very pleased to welcome him to our partnership.”

Muldrow joins after 23 years as an M&A lawyer with Akin Gump, where he was partner in charge of its New York office, according to his LinkedIn profile. He started as an associate with Dewey & LeBoeuf.

In June, Muldrow told sister title Buyouts that there could be an increase in the number of credit funds using the secondaries market to offload post-bankruptcy single assets they are left holding equity in as a result of covid-19.

Among the deals the firm has advised on in recent years was the €2 billion restructuring of PAI Europe V, centred around ice cream maker Froneri, Secondaries Investor reported.