Overview
Michael Brunetti is a debt finance associate in the Dallas office of Kirkland & Ellis LLP. He represents private equity sponsors and their funds in a wide range of fund-level financings, including subscription line facilities, NAV facilities, GP facilities, management fee facilities, backleverage financings, notes offerings, portfolio company borrowings, hybrid financings, ABLs, CFOs, continuation vehicle financings, preferred equity transactions, umbrella facilities and employee co-investment facilities.
Michael has advised on dozens of single- and multijurisdictional fund financings, including broadly syndicated and single-lender transactions. His NAV facility work includes financings secured by both privately held and publicly traded securities. He also advises sponsors on fund-level considerations in connection with fund limited partnership agreement and investor side letter negotiations, with a focus on supporting the fund’s financing strategy throughout its life.
Michael’s clients range from large global sponsors, including TPG, Thoma Bravo, Vista Equity Partners, Advent International and Veritas Capital, to middle-market, growth equity, infrastructure, energy and real estate managers.
Experience
Representative Matters
Fund Financing
- Representative clients include:
- 26North
- Adams Street Partners
- Advent International
- AEA Investors
- Alpine Investors
- ArcLight Capital Partners
- Arctos Partners
- Bayview Asset Management
- Brightstar Capital Partners
- Castlelake, L.P.
- Francisco Partners
- General Catalyst
- Golub Capital
- Greenoaks Capital
- Gryphon Investors
- KKR
- Mainsail Partners
- NexPhase Capital
- Oaktree Capital Management
- One Equity Partners
- SDC Capital Partners
- Silversmith Capital Partners
- Starwood Capital Group
- Thoma Bravo
- Thrive Capital
- TPG
- Veritas Capital
- Vista Equity Partners
Other Representative Matters
- Altera Infrastructure L.P., a global provider of critical infrastructure assets to the offshore energy industry, in its entry into its debtor-in-possession credit facility, and subsequent financing of seven exit credit facilities totaling nearly $1.6 billion, in connection with its emergence from Chapter 11 bankruptcy.
- Kodiak Gas Services, Inc. (NYSE: KGS) in its $256 million initial public offering.
- Kodiak Gas Services, Inc. (NYSE: KGS), the largest contract compression services provider in the U.S., on its underwritten offering of 5,500,000 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV resulting in total gross proceeds of approximately $233 million.
- McDermott International, Ltd in their multinational cross-border restructuring. The first-of-its-kind restructuring involved three jurisdictions, England (UK Restructuring Plan), the Netherlands (Dutch WHOA), and the U.S. (Chapter 15 recognition proceedings), and resulted in the amendment and extension of $2.6 billion of secured debt and the equitization of over $1 billion in litigation claims.
- Nine Energy Service, Inc. (NYSE: NINE), a North American onshore completion and production services provider targeting unconventional oil and gas resource development, in connection with its entry into a new $125 million asset-based revolving credit facility.
- Quantum Capital Group, 547 Energy, and ConnectGen in its $768 million sale of ConnectGen to Repsol.
- Bernhard Capital Partners in its $484 million acquisition of Entergy’s gas distribution business.
- McDermott International, Ltd in its agreement to sell its CB&I storage business to a consortium of financial investors led by Mason Capital Management for gross proceeds of $475 million.
- Riley Exploration Permian, Inc. (NYSE: REPX) in its acquisition of oil and gas assets in the Permian Basin from Pecos Oil & Gas, LLC and its issuance of senior unsecured notes in connection therewith.
- Warburg Pincus in two term loan financings in connection with the acquisition of joint venture interests totaling over $1.2 billion.
- Forest Road Acquisition Corp. II (NYSE: FRXB) in its proposed business combination with Hyperloop Transportation Technologies, Inc., a leading transportation and technology licensing company focused on realizing the hyperloop.
- RedBird Capital Partners in its investment in Go Rentals, the premier luxury car rental provider in the United States specializing in premium end-markets.
- Ovintiv Inc. (NYSE: OVV) in its $4.275 billion acquisition of all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, and the concurrent $825 million sale of its Bakken assets.
- EQT Corporation (NYSE: EQT) $1 billion offering of senior notes to finance the acquisition of Alta Resources and $1 billion public offering of senior notes to finance the proposed acquisition of Tug Hill and XcL Midstream.
Clerk & Government Experience
Judicial InternHonorable Richard J. SullivanUnited States Court of Appeals for the Second Circuit
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Memberships & Affiliations
Kirkland & Ellis Dallas Associates Committee
Member, State Bar of Texas
Credentials
Admissions & Qualifications
- 2022Texas
Education
- Columbia Law SchoolJ.D.
Ruth Bader Ginsburg Award
James Kent Scholar
Paul R. Hays Prize in Civil Procedure
Bluebook Editor, Columbia Law Review
President, Columbia Business & Law Association
President, Columbia Law Texas Society
- Duke UniversityA.B., Historysumma cum laude
Dean's List with Distinction
Phi Beta Kappa Society