Press Release

Kirkland & Ellis Represents KKR on Direct Lending to TelePizza

Kirkland & Ellis International LLP advised KKR on its agreement to arrange €241 million in direct lending for the Spanish pizza chain, TelePizza.

The new investment means KKR will own over 24% of TelePizza as part of the PIK-based deal, which will provide the company with cash for acquisitions and to refinance its existing senior, second lien and mezzanine debt. The terms of the investment are confidential, with completion scheduled to have occurred by the end of October 2014.

The Kirkland team was led by London-based restructuring partners Kon Asimacopoulos and Mark Knight, with debt finance partner Philip Crump and corporate partner Christian Iwasko, and associates Fatema Orjela, Divina Liberale, Garrett Holmes, Warren Stapley and Lucy Anderson.

Kirkland & Ellis International LLP previously advised KKR on its direct lending of €100 million to Italian coffee vending machine operator Gruppo Argenta in January 2014 and the direct lending of €320 million to Spanish building materials company Uralita SA in 2013.