Weil, Gotshal & Manges has beefed up its private equity team in New York with the hire of partner Brian Gingold from Gibson, Dunn & Crutcher, Weil announced this week.
The move comes after a number of private equity partners have left Weil for rival firms in recent years. Last year, David Blittner and Garrett Charon left for Ropes & Gray; Eric Schwartzman joined Cooley; and Michael Weisser and Sarah Stasny both joined Kirkland & Ellis. All were based in New York except for Schwartzman, who is in Palo Alto, California.
Weil also hired New York private equity partner Christopher Machera from Greenberg Traurig last July, while James MacArthur joined from Herbert Smith Freehills in London.
Gingold joined Gibson Dunn in 2010 and became partner in 2012. He had previously worked for 10 years as an associate at Simpson Thacher & Bartlett.
Gingold’s clients have included the beauty supply company Coty Inc. in its acquisition of the nail polish company OPI Products and the Bahrain-based asset management firm Investcorp when it sold American Tire Distributors to TPG, both in 2010. He has also handled various matters for the private equity firm L Catterton Partners, according to his Gibson Dunn biography.
Weil saw notable financial gains in 2016, with profits per partner rising more than 22 percent to $3.1 million and revenue increasing just under 9 percent, to $1.27 billion. Weil executive partner Barry Wolf said private equity is one of the areas the firm plans to grow in 2017.
Gingold was not immediately available for an interview, and a Gibson Dunn spokesperson did not respond to a request for comment.