Weil, Gotshal & Manges was counsel to leading private equity firm Oak Hill Capital Partners in connection with the sale of RSC Holdings, Inc., an equipment rental company, to United Rentals, Inc. Oak Hill Capital is RSC Holding’s largest shareholder and agreed to vote its 33.5 percent stake in favor of the acquisition.

The transaction will join two peer equipment rental firms in a cash-and-stock transaction valued at $18 per share, or a total enterprise value of $4.2 billion, including $2.3 billion of net debt. The companies expect to close the deal in the first half of 2012, subject to the delivery of tax opinions and a solvency opinion, as well as customary closing conditions and regulatory approvals.

Based in Stamford, Connecticut, Oak Hill Capital Partners manages private equity funds with more than $8 billion of committed capital.

Weil’s team was led by Corporate partner Douglas Warner and included Corporate associates Frank Martire and Joseph Doyle, all based in the firm’s New York office.