Kirkland Advises ParkerGale and Accel-KKR In Backing ATP's Acquisition of Flightdocs

Kirkland & Ellis advised ParkerGale, a technology-focused buyout fund based in Chicago, and Accel-KKR, a technology-focused investment firm, on their partnership to back Aircraft Technical Publishers (“ATP”) in its acquisition of FlightDocs, a provider of maintenance tracking software for the business aviation industry. ParkerGale acquired ATP, a provider of aircraft maintenance information, predictive diagnostics and troubleshooting software, in 2015. While ParkerGale retains majority ownership of ATP, Accel-KKR's investment comes from its  growth capital fund as well as debt financing from Accel-KKR Credit Partners. Financial terms of the transaction were not disclosed.
 
Read the company press release from Accel-KKR
 
The Kirkland team advising ParkerGale was led by transactional partner Jeff Swatzell and associates Tyler Mordecai and Ben Vizvary, with support from transactional partner Ryan Harris; the Kirkland team advising Accel-KKR was led by transactional partner Sean Kramer and associate Simon Root, with support from transactional partner Adam Phillips; and the Kirkland team leading the debt financing for ParkerGale was lead by debt finance partner Louis Hernandez.