Kirkland & Ellis advised KKR and its portfolio company, C.H.I. Overhead Doors (C.H.I.), a leader in the garage door industry, on their definitive agreement to sell C.H.I. to Nucor Corporation in a transaction valued at $3.0 billion. The sale will represent one of KKR’s largest returns in recent history, at 10 times the original equity invested, inclusive of distributions. All C.H.I. employees will receive a substantial cash payout on their equity in the company.
The Kirkland team was led by corporate partners Jennifer Perkins and Lukas Richards and associates Alex Gallogly and Eve Salomon and tax partners Ben Schreiner and Adam Kool.