Kirkland & Ellis advised Bettcher Industries, a leading manufacturer of protein processing equipment, on its acquisition of Frontmatec, a global manufacturer of end-to-end automated solutions for pork and beef processing, from Axcel. KKR, which acquired Bettcher in December 2021, will invest additional capital from its North American private equity strategy to support the transaction. The transaction is expected to close during the second half of 2022 subject to customary approvals. Further terms were not disclosed.
The Kirkland team was led by corporate partners Francisco Morales Barron, Andrew Arons and Jennifer Perkins and associate Rex Hupy, debt finance partners Eric Wedel and Matthew Leist, and tax partners Mike Beinus and Vivek Ratnam. Kirkland worked closely with Danish local counsel Moalem Weitemeyer throughout the transaction.