Kirkland & Ellis Archives - Page 6 of 16

KKR and Callodine Commercial Finance Support Durational Capital Management’s Acquisition of Casper

Casper Sleep entered into a definitive agreement to be acquired by Durational Capital Management. KKR Credit and Callodine Commercial committed debt financing to Durational Capital Management to support the acquisition.

Corre Management Partners Provides $50MM Subordinated Term Loan to TEAM

TEAM entered into a $50 million delayed draw subordinated term loan facility led by Corre Management Partners. TEAM also entered into an amendment to its senior secured term loan facility led by Atlantic Park Strategic Capital Fund.

JPMorgan Chase-Led Syndicate Provides $10B to Support McAfee Acquisition

McAfee, a global provider of online protection, entered into a definitive agreement to be acquired by an investor group, which obtained a commitment from a JPMorgan Chase Bank-led syndicate for nearly $10 billion in debt financing to support the transaction.

Allspring Global Investments Commences Operations as Independent Global Asset Manager

Allspring Global Investments officially commenced operations as an independent asset management firm. This marks the close of the acquisition of Wells Fargo Asset Management by GTCR and Reverence Capital Partners. The firm’s new name, Allspring Global Investments, takes effect immediately.

Blackstone, Apollo, KKR and Antares Support Thoma Bravo’s Acquisition of Medallia

Thoma Bravo completed its acquisition of Medallia in an all-cash transaction valued at $6.4 billion. Blackstone Credit, certain funds managed by affiliates of Apollo Capital Management, KKR Credit, Thoma Bravo Credit and Antares Capital are providing the debt financing for the transaction.

Maranon Capital Supports Cross Rapid Capital’s Acquisition of Wholesale Produce Supply

An investor group led by Cross Rapids Capital acquired Wholesale Produce Supply, a fresh produce logistics and inventory management solutions provider. The investor group also includes The Baupost Group, among others. Maranon Capital provided the debt financing for the transaction.

Washington Prime Group Completes Financial Restructuring, Reduces Debt by Nearly $1B

Washington Prime Group emerged from the Chapter 11 process, signifying the completion of the company’s financial restructuring and the implementation of its plan of reorganization. The company emerged from bankruptcy with its debt reduced by nearly $1 billion.

White Oak Global Advisors Closes Fifth Generation Private Credit Fund Totaling $2.3B

White Oak Global Advisors completed fundraising for White Oak Yield Spectrum Fund V and other associated vehicles with more than $1.3 billion of total committed capital. An additional commitment of up to $1 billion was received for investments in specialty finance with a focus on asset-based lending.

October 21, 2021 Andre Hakkak | Campbell Lutyens | Kirkland & Ellis | White Oak Global Advisors Ian Koplin

Capital One Acquires TripleTree

Capital One entered into a definitive agreement to acquire TripleTree, an investment banking advisory platform serving healthcare companies. TripleTree will join Capital One Commercial Bank’s capital markets group.

Apollo-Led Group to Become Majority Owners of Restructured Riverbed Technology

Riverbed Technology entered into a restructuring support agreement regarding the terms of a financial restructuring. Upon consummation of the recapitalization, a group of institutional investors led by Apollo Global Management will become the majority owners of the company.

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