Kirkland & Ellis advised Barings on the closing of the recapitalization of Milestone Equipment Holdings, one of the largest providers of transportation equipment and supply chain solutions in the U.S. Through this significant recapitalization, Milestone raised over $1.0 billion in equity commitments from institutional investors in a transaction that valued the company in excess of $1.4 billion. As part of the transaction, Partners Group acquired a co-control ownership stake in Milestone and joined the Company's board of directors alongside Barings. Barings’ partnership with Partners Group will continue to accelerate Milestone’s successful growth.
Read the Milestone press release
The Kirkland team was led by special situations partner Ranesh Ramanathan and investment funds partner Jonathan Lipnick. The team included investment funds partners Sean Hill and Alpa Patel, tax partners Anne Kim, Mike Greenberg and Dan Meehan and associate Ally Nelson, corporate partners Payson Lyman and Jessica Sicsu and associates Henry Spalding and Natalie Gallon, investment funds associates Julia Sternman, Sarah Anischik, Brigid Flynn Reardon and Janet Jun, restructuring associate Guy Macarol, employee benefits partner Liz Dyer, antitrust of counsel Ellen Jakovic and partner Mike Thorpe, labor and employment partner Risa Salins and associate Jaclyn Schruhl, executive compensation partner Kate Coverdale, law clerk Afsha Lakdawala and paralegal Ashley Hamilton.