Press Release

Kirkland Represents Quinpario Acquisition Corp. 2 on $ 2.8 Billion Combination of SourceHOV, Novitex and Quinpario

Kirkland & Ellis LLP advised Quinpario Acquisition Corp. 2 (Nasdaq: QPAC, QPACW and QPACU), a publicly traded special purpose acquisition company, on its agreement to combine with SourceHOV, LLC and Novitex Holdings, Inc. to form Exela Technologies, a leading, full-cycle financial technology and business services provider, in a transaction valued at $2.8 billion. SourceHov is a leading provider of Transaction Processing Solutions (“TPS”) and Enterprise Information Management (“EIM”) solutions, and Novitex is a technology-based, managed services provider. The combined company will be publicly listed on the NASDAQ Global Select Market and the transaction is expected to close during the second quarter of 2017. The full release is available here.

The Kirkland team was led by corporate partners William Sorabella, Christian Nagler, Claire James, Ashley Gregory, David Curtiss in addition to David Fox and associates Peter Seligson and Helena Claraso.