Kirkland & Ellis advised Wheels, Inc. in the combination of Wheels and Donlen, LLC, in which Athene Holding Ltd., an industry-leading financial services company, is the lead investor. Wheels is one of the largest privately held companies in North America, featuring a portfolio of more than 325,000 vehicles under management across the continent, capabilities in 56 countries worldwide, and a client base that consists of some of the best-known businesses in the world. The transaction will allow the combined company to bring enhanced mobility solutions and product offerings across large, mid-sized and small fleets to a broader universe of clients. The combined company has approximately $5 billion in assets.
The Kirkland team was led by corporate partners Marshall Shaffer, Constantine Skarvelis and Kurt Lyn and associate Daniel Yip, tax partners Michael Beinus and Meredith Levy, and executive compensation partners Michael Krasnovsky and Matthew Wood.