Kirkland & Ellis advised Windjammer Capital Investors and Vital Records Control (VRC) on the closing of a Continuation Fund transaction, reaffirming Windjammer’s commitment to VRC to support the company’s long-term growth strategy as an owner and control investor. Windjammer partnered with AlpInvest to form a Windjammer-managed single-asset Continuation Fund alongside an investment by Windjammer Senior Equity Fund V, L.P., which includes substantial additional capital to support VRC’s organic and M&A-related growth strategy. With this transaction, VRC remains a portfolio company of Windjammer with no change in governance, and VRC’s executive leadership team remains a significant investor in the business and partner to Windjammer and AlpInvest. Terms of the transaction were not disclosed.
The Kirkland team was led by corporate partners Dave Gusella and Christian Atwood and associates Ellie Houghton, Hannah Dudley and Brian Prewitt, investment funds partners Steve Yoo and Justin Solomon and associates Alec Lautanen and Paul Kim, tax partners Mike Greenberg, Vin Thorn and Dan Meehan, and debt finance partners Shawn Bagdasarian and Brian Ford and associate Shelby Lindholm.