Kirkland & Ellis LLP advised 3i Group plc, a leading international investment manager focused on mid-market private equity and infrastructure, on its entry into a definitive agreement to invest in International Cruise & Excursions, Inc. (ICE), an international leisure travel and lifestyle benefits organization. 3i is investing alongside the founders, John and Marcia Rowley, and other senior executives, who will retain a significant minority stake. The terms of the transaction were not disclosed. The full press release is available here.
The Kirkland team was led by corporate partners Christopher Torrente and Michael Sartor and associates Payson Lyman and Arianna Caldwell; and finance partner Ashley Gregory and associates Matthew Young and Leah Charlesworth.