Tag Archives: Kirkland & Ellis

Barclays and Credit Suisse Support US LMB’s Acquisition of American Construction Source

US LBM completed its acquisition of American Construction Source from Angeles Equity Partners and Clearlake Capital Group. Barclays and Credit Suisse led the debt financing for the transaction. Financial terms were not disclosed.

Washington Prime Group Enters Chapter 11, Secures $100MM in DIP Financing

Washington Prime Group filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. Washington Prime Group also secured $100 million in new money debtor-in-possession financing.

Portage Point Partners Advises Alex and Ani on Restructuring, Chapter 11 Filing

Alex and Ani entered into a restructuring support agreement with its debt holders and equity sponsors and commenced Chapter 11 proceedings. Portage Point Partners is serving as Alex and Ani’s financial advisor in connection with the restructuring.

J.P. Morgan, BofA, KKR Provide Debt Financing to Support Acquisition of Cloudera

Cloudera entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR in an all-cash transaction valued at approximately $5.3 billion. J.P. Morgan, Bank of America and KKR Capital Markets committed to provide debt financing for the transaction.

Apollo Global Management Pays $5B for Verizon Media

Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.

Barclays, Golub, Nomura Support L Catterton’s Acquisition of West Marine

L Catterton entered into a definitive agreement to acquire a controlling interest in West Marine, an omnichannel platform in the marine aftermarket, from Monomoy Capital Partners. Barclays Bank, Golub Capital and Nomura provided committed debt financing to support the transaction.