Kirkland & Ellis represented HGGC, a leading technology-focused private equity firm, on the sale of a passive, non-voting minority stake in its business to Dyal Capital Partners, a division of Neuberger Berman. Terms of the investment were not disclosed.
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The Kirkland team was led by investment funds partner Daniel Lavon-Krein and transactional partner Michael Reeves, and included investment funds partners Justin Solomon and Steve Yoo and associates Chris Urruela Stauss, Michael Lee and Ike Ikeme; debt finance partners Jocelyn Hirsch and Aditi Iyer and associate Thomas Koester; tax partners Don Rocap and Dan Meehan and associate Miles Johnson; employee benefits partners Elizabeth Dyer and Melissa Grim and associate Erica Rozow; and international trade and national security associate Luci Hague.
Kirkland is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the alternative investment fund space. Kirkland offers clients the unsurpassed resources of a large, integrated, multidisciplinary, global team located across offices in the United States, Europe and Asia-Pacific. Kirkland is recognized as a leader and pioneer in advising sponsors and founders on complex strategic minority investments in existing firms and control sale transactions. To date, the firm has advised on more than 40 minority investment transactions in PE sponsors in this rapidly evolving market, including some of the largest transactions completed to date. With more than 380 dedicated Investment Funds attorneys, few firms approach the breadth, depth and scope of Kirkland’s experience in investment funds legal services.