Kirkland & Ellis advised Duff & Phelps, the global advisor that protects, restores and maximizes value for clients, on its agreement to be acquired by a global investor consortium led by funds managed by Stone Point Capital and Further Global for $4.2 billion. The equity sellers include the Permira funds, which will continue to hold a significant stake in the company as part of the consortium. As part of the transaction, the Duff & Phelps management team will maintain a meaningful equity stake in the firm and continue to lead the company. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2020.
The Kirkland team was led by transactional partner Michael Paley and associates Katherine Bryan, Tal Maman and Will Lawley; and tax partner Dean Shulman and associate Vivek Ratnam.