Kirkland & Ellis Archives

Levine Leichtman Capital Partners Sells Therapeutic Research Center to Gridiron Capital

Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, sold its portfolio company Therapeutic Research Center (TRC) to Colibri Group, a portfolio company of Gridiron Capital.

Whitehorse Capital Provides $185MM Term Loan to KORE Group Holdings

KORE Group Holdings completed transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital and a $150 million strategic investment from funds advised by Searchlight Capital Partners.

WeWork Enters into Restructuring Support Agreement, Files for Chapter 11 Bankruptcy

Flexible workspace provider WeWork commenced a comprehensive reorganization to strengthen its capital structure and financial performance. As part of the reorganization plan, WeWork and certain of its entities filed for protection under Chapter 11 of the U.S. Bankruptcy Code.

Cyxtera Enters Asset Purchase Agreement with Brookfield Infrastructure Partners

Cyxtera, a data center colocation, interconnection services and digital infrastructure company, entered into an asset purchase agreement under which Brookfield Infrastructure Partners and its institutional partners will acquire substantially all of Cyxtera’s assets for $775 million.

Aterian Investment Partners Closes $460 CV Fund

Aterian Investment Partners, a middle-market private equity firm, closed Aterian Opportunities II, a single asset continuation vehicle (CV) of approximately $460 million. With the closing of the CV, Aterian has now raised more than $2 billion of commitments across six different investment funds.

Rite Aid Corporation Initiates Voluntary Chapter 11 Process

Rite Aid Corporation reached an agreement in principle with certain of its senior secured noteholders on the terms of a financial restructuring plan that will allow the company to accelerate its ongoing business transformation.

Ares and Vinci Partners Enter Strategic Partnership and Investment

Ares Management Corporation and Vinci Partners Investments reached an agreement to form a strategic partnership. Additionally, an affiliate of Ares will concurrently make a $100 million investment in new convertible preferred shares to be issued by Vinci.

Deutsche Bank Supports Bain Capital Private Equity’s Acquisition of Fogo de Chão

Fogo de Chão, a Brazilian steakhouse restaurant brand, entered into a definitive agreement to be acquired by Bain Capital Private Equity to accelerate growth and expansion. Deutsche Bank led debt financing for the transaction and is also serving as financial advisor to Bain Capital.

Yellow Corporation Files Voluntary Chapter 11 Petitions

Yellow Corporation and certain of its direct and indirect subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware for the company’s planned operational wind-down.

CION Investment Corporation Closes Sale for David’s Bridal Assets

David’s Bridal, a bridal and special occasion company, closed its transaction with CION Investment Corporation, a publicly listed business development company, for the sale of substantially all of the company’s assets.

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