Kirkland & Ellis LLP represented Warburg Pincus, a leading global private equity firm focused on growth investing, in the formation of its latest flagship fund, Warburg Pincus Private Equity XII, L.P. (Warburg Pincus XII). Launched in May 2015, Warburg Pincus XII received third party subscriptions significantly in excess of its $12 billion hard cap. Limited partners include leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and wealthy individuals. In addition to the strong overall demand, Warburg Pincus XII received considerable participation from investors outside the United States, which reflects Warburg Pincus’ international investing model. More information on the fund is available here.
The Kirkland team included attorneys based in the United States, Europe and Asia, led by private funds partners Andrew Wright, Robert Blaustein, Esther Chiang, Stefan Paulovic and Andrew Day; tax partners Patrick Gallagher and David Grenker; employee benefits partner Laura Bader; and regulatory of counsel Julie Kunetka and partner Lisa Cawley. The team also included private funds associates Sean Malone, Jaclyn Rabin, Whitney Lutgen, Faris Elrabie, Adam Sussman, Stephanie Yoshida, Andrew Roeder, Christine Lin, Jake Glazeski, Michelle Cheh, Allison Hune, Nicholas Liew, Rachael De Chacon and Mike Pergler; corporate associates Kevin Lam and Silviu Pitis; and investment management associates Prem Mohan and Elizabeth Richards.
Last month, Kirkland represented Warburg Pincus on the sale of a 5 percent passive stake in the firm to the Groupe Marc de Lacharrière (GML), the family holding company of Marc Ladreit de Lacharrière, one of Europe’s preeminent business leaders. Mr. Ladreit de Lacharrière will act as a senior strategic partner, and will also invest in future funds as a limited partner. More information on the transaction, which was announced on October 28, is available here. The Kirkland team included corporate partners Eunu Chun, Jai Agrawal and Charles Fellers and associate Adi Herman; tax partners Patrick Gallagher and David Grenker; and private funds partner Daniel Lavon-Krein.
Kirkland has one of the most active and highly regarded private equity practices encompassing all aspects of this rapidly changing field. Our team of private equity attorneys has extensive experience in the formulation of innovative strategies for structuring acquisitions and financings of private and public companies, negotiated as well as unsolicited acquisitions, going private transactions, stock-for-stock acquisitions, spin-off transactions and acquisitions of minority interests. The Firm has one of the largest and most experienced sponsor-side fund formation practices in the world, having formed more than 800 funds raising more than $570 billion since 1995.