Kirkland advised KPS Capital Partners, LP on its agreement to acquire, through a newly formed affiliate, AM General LLC from an affiliate of MacAndrews & Forbes Incorporated. AM General designs, engineers, manufactures, supplies and supports specialized vehicles for military and commercial customers worldwide, including the iconic High Mobility Multipurpose Wheeled Vehicle colloquially known as the HUMVEE®. Financial terms of the transaction were not disclosed. Completion of the transaction is expected in the third or fourth quarter of 2020 and is subject to customary closing conditions.
The Kirkland team was led by corporate partners Joshua Kogan and Abhishek Kolay and associates Adarsh Varghese, Keli Huang and Benson Tang; debt finance partners Melissa Hutson and Omar Raddawi and associate Ashley Kerr; capital markets partner Sophia Hudson; technology & IP transactions partner Seth Traxler and associate Chris Hinman; international trade partner Ivan Schlager and associate Matthew O’Hare; government contracts partner Boyd Greene; litigation partners Aaron Marks, Kim Nemirow, Nick Niles and Lisa Esayian and associate Allie Strang; tax partner Benjamin Schreiner and associate Vivek Ratnam; environmental partner Alexandra Farmer and associate Aaron Newell; investment funds partner Carrie VanFleet; employee benefits partner Matthew Antinossi and of counsel Patrick Ryan; executive compensation partner Scott Price and associate Jennifer Gong; labor and employment partner Richard Kidd and associate Wes Benter; IP litigation partner Joseph Loy; real estate partner John Goldman and associate Allyson Dillon; antitrust and competition partners Sarah Jordan, Annie Herdman, Ian John and Katherine Rocco and associate Jordan Goater; and director of mergers & acquisitions clearance Kurt Wunderlich.