Kirkland Represents Mohari Hospitality in Acquisition of Tao Group Hospitality
Kirkland & Ellis represents Mohari Hospitality, an investment firm focused on the luxury lifestyle and hospitality sectors, which announced today that it will acquire Tao Group Hospitality, a global leader and innovator in restaurants, nightlife, and entertainment from Madison Square Garden Entertainment Corp. (NYSE: MSGE) and other limited partners. The transaction values Tao Group Hospitality at $550 million and is expected to close in May, subject to customary closing conditions. This acquisition adds to Mohari’s already extensive portfolio of assets, but beyond that, also provides the group with a platform and management team which will accelerate its growth plans and deepen its footprint in leading hospitality destinations.
The Kirkland team is led by corporate partners Allie Wein and David Klein, along with corporate associates Keli Huang and Zach Miller; executive compensation partner Rohit Nafday and associate Katherine Nemeth; debt finance partners Jason Kanner and Whitney Bosworth, and associates Yoonie Han, Whitney Greer and Richard Kenny; tax partners Sara Zablotney and Vivek Ratnam; technology and IP transactions partners Seth Traxler and Bernadette Coppola; real estate partner Jennifer Sheehan; and antitrust and competition partners Andrea Murino and Thomas Wilson.