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 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.