Kirkland & Ellis advised 17Capital in a strategic partnership under which it will sell a majority stake to Oaktree. 17Capital specialises in providing non-dilutive capital to private equity management companies, funds and institutional investors that are seeking to finance value creation and portfolio management initiatives. The mutually beneficial partnership will give 17Capital access to Oaktree’s global network and add to Oaktree’s suite of private capital solutions. After closing, 17Capital will continue to operate as an independent business.
The team was led by investment funds partners Daniel Lavon-Krein and Christopher Gandia and corporate partners Roger Johnson and Adrian Duncan and included investment funds partners Brad Friedman, James King and Andy Shore and associates Rajiv Chandrasena, Lesedi Mbatha and Max Reibman, corporate associates Katy Henman, Jamie Manson and Andrew McAlpine and tax partners Lee Morlock, Peter Abbott and Rob Sharpe and associates Fraser Eccles and Krishan Patel.