Kirkland Advises Peppertree Capital Management on Sale to TPG

Kirkland & Ellis advised Peppertree Capital Management, Inc., a leading specialized digital infrastructure investment firm with a focus on wireless communications towers, on a definitive agreement with TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, under which TPG will acquire the Peppertree business in a cash and equity transaction estimated to include up to $242 million in cash and up to $418 million in equity, payable at closing, in each case, subject to certain adjustments. The transaction also includes earnouts based on Peppertree’s future performance valued at up to $300 million.

Read the transaction press release

The Kirkland team included corporate lawyers Emma Lange-Novak, Rami Totari, Carlo Zenkner, Zahraa Hadi, James Mayne, Zackary Theo and Zach Sheehan; investment funds lawyers Jordan Murray and Samuel Francis; and tax partners Stan Ramsay and Steven Cantor.