Press Release

Kirkland Counsels The Carlyle Group and WorldStrides on Sale to Metalmark Capital

Kirkland & Ellis LLP advised global alternative asset manager The Carlyle Group (NASDAQ: CG) and WorldStrides on the sale of WorldStrides to Metalmark Capital Partners and Silverhawk Capital Partners.  WorldStrides is the largest educational travel company in the United States and one of the leading experiential education providers in the world. Metalmark and Silverhawk acquired their positions primarily from The Carlyle Group. Virtually all members of the WorldStrides management team and founder Phil Wendel will retain their equity positions in WorldStrides. Additional terms of the transaction were not disclosed. The full release is available here.

The Kirkland team was led by corporate partners Armand A. Della Monica and Eric Sievertsen and associates Ted Schmadeke and Arlene Ortiz-Leytte; and tax partner Dean Shulman and associate Adam Kool.