Kirkland & Ellis represents Duff & Phelps, the premier global valuation and corporate finance advisor, in its transaction announced today along with Permira, the global private equity firm, in which a company backed by the Permira funds has agreed to acquire Duff & Phelps for $1.75 billion. Selling equity holders include The Carlyle Group, Neuberger Berman, the University of California’s Office of the Chief Investment Officer of the Regents and Pictet & Cie. As part of the transaction, the Duff & Phelps management team will maintain a significant equity stake in the firm and will continue to lead the company in their current roles. The transaction is subject to customary conditions and is expected to close in the first quarter of 2018. More information including other advisors on the transaction is available here.
The Kirkland team included corporate partners David Fox, Daniel Wolf, Michael Paley and Joydeep Dasmunshi and associates Katherine Bryan, Jordan Turban and Mike Lowes, tax partners Dean Shulman and Meredith Levy, executive compensation partner Scott Price, and debt finance partners Jay Ptashek and Rachel Gray.