NEW YORK, July 9, 2024 – Proskauer, a leading international law firm, today announced it advised Apollo S3 as the lead investor in J.F. Lehman & Company’s (“J.F. Lehman”) recently closed single-asset continuation vehicle for PURIS (“the Company”), a leading water infrastructure solutions provider. J.F. Lehman is a leading middle market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors.
The transaction will enable J.F. Lehman to maintain its ownership of PURIS and help provide the resources needed to support its next phase of growth, which includes revitalizing critical infrastructure throughout North America. Strong support from the general partnership, Company management, J.F. Lehman’s most recent fund and a leading syndicate of longstanding and new institutional partners will provide the resources needed to support the Company's next phase of growth.
The Proskauer team was led by partners Chris Robinson and Blake Halperin (Private Funds) and partners James Lee and Kunal Dogra (M&A). It also included associates Jordan Shelton and J. Ryan Murphy (M&A); partners Jamiel Poindexter and Janicelynn Asamoto Park and associates Yomarie Habenicht, Jeanette Stecker and Gaochuan Xie (Tax); and associates Joseph Salvatore, and Bianca Tomassini (Private Funds).
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Proskauer’s market-leading global secondaries team provides in-depth advice on all aspects of the secondaries market. In 2023, the team advised on over than 510 secondary transactions for more than 80 different clients, with total deal value exceeding $72 billion. The Firm’s market knowledge and experience representing GPs, buyers and sellers across all sectors and geographies, makes our team uniquely positioned to provide clients with practical commercial solutions to ensure even the most complex transactions are completed in a timely and efficient manner.