Kirkland & Ellis advised Brookfield Asset Management Inc. (“Brookfield”), a leading global alternative asset manager, on its $260 million equity investment in Superior Plus Corp. (“Superior”) through the purchase of newly created perpetual exchangeable Series 1 Preferred Stock of a U.S. subsidiary of Superior on a private placement basis. Superior is a Canadian-based company that engages in the energy distribution and specialty chemicals business. The Brookfield investment, through its Special Investments program, is expected to provide several immediate benefits to Superior, while optimally positioning Superior for future growth. The closing date is expected to occur by the end of July 2020 and is subject to regulatory approvals.
The Kirkland team was led by transactional partners Douglas Ryder, Leo Greenberg, Ross Leff and Elizabeth Freechack, and tax partner Sara Zablotney.