Press Release

Kirkland Advises Oaktree and KKR on Acquisition of Proserv

Kirkland & Ellis LLP counseled Oaktree Capital Management and KKR in their acquisition -- pursuant to an out-of-court restructuring -- of Proserv, a Scotland-based global engineered products and services business. The acquisition is in connection with a debt-for-equity exchange and injection of $50 million of new investment by the company’s lenders. The full release is available here.

The Kirkland team was led by restructuring partner Patrick Nash and associates Benjamin Rhode and John Luze; corporate partner Hamed Meshki and associates Michele Cumpston, Nathan Rahmanou and Devon Mongeluzzi; debt finance partner David Nemecek and associates Austin Glassman, Caitlin Bubar and Michael Chung; tax partners Russell Light and Josh McLane; executive compensation partner Scott Price and associate Kirk Porter; and antitrust of counsel Mike Robert-Smith.