Kirkland Advises CD&R on Sale of Minority Stake in Motor Fuel Group
Kirkland & Ellis is advising CD&R on the sale of a minority stake in Motor Fuel Group (“MFG”), a leading independent forecourt operator, to a group of leading institutional investors including Apollo-managed funds. Under the terms of the transaction, approximately £500 million of structured equity has been raised through a newly created special purpose vehicle. The proceeds will be used to redeem a portion of CD&R’s common equity stake, while CD&R retains majority control of the business. Closing is expected in the third quarter for 2025, subject to customary closing conditions.
The Kirkland team includes corporate lawyers Adrian Maguire, Jessica Corr, Douglas Collins, Teresa Carty, Bing Yi Lim, Benedict Wilson and Yu Qian Lee; and tax lawyers Nicholas Warther, James Seddon, Iarlaith McCarthy-Hann and Liz Ji.
