Kirkland & Ellis advised Durational Capital Management LP., an investment firm that invests in high quality consumer companies, on its acquisition of Casper Sleep Inc. (NYSE: CSPR), the global sleep company. Under the terms of the agreement, Casper common stockholders will receive a cash consideration of $6.90 per share. Upon closing the transaction, Casper will operate as a privately-held company and will remain based in New York. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions.
Read the transaction press release
The Kirkland team was led by corporate partners Francisco Morales Barron, Jonathan Davis and Joshua Kogan and associate Daniel Yip, investment funds partners David Sherman and Suzannah Hacking and associate Nicholas Giannuzzi, debt finance partners Jason Kanner and James Dickson, and executive compensation partners Michael Krasnovsky and Jared Whalen.