Kirkland Represents Sterling Investment Partners on Continuation Vehicle Recapitalization of XKIG
Kirkland & Ellis advised Sterling Investment Partners on the closing of a continuation vehicle recapitalization of XKIG. The recapitalization was completed through Sterling's first-ever single-asset continuation vehicle, which will support the company's next phase of growth and value creation. The transaction was co-led by HarbourVest Partners, StepStone Group, and ICONIQ, with additional funding provided by Churchill Asset Management and other syndicate investors. Sterling principals, Sterling's latest buyout fund and the XKIG management team also made significant investments into the transaction.
Read the transaction press release
The Kirkland team was led by investment funds lawyers Patrick Vinett, Mark Boyagi, Laura Stake, Jordan Murray, Joe Salvatore, Bryon Boyce, Daniel Grove, Jamison Chung, Sean Atkinson, Nick Salinaro, William Schoderbek, Sewit Mehanzel, Ivey Eugene and Phillip Champagne; corporate lawyers Shawn OHargan, Leo Greenberg, Alan Heisman, Aaron Eisen, Cara Li, Monica Ruiz and Eric Trimble; tax lawyers Lee Morlock, Leon Peschel and Olivia Chilcott; investment funds regulatory lawyers Mac Laban and Erica Romeo; investment funds ERISA lawyers Sabrina Glaser and Ted Brown; sustainability lawyer Mackenzie Drutowski; and antitrust & competition lawyers Mike Thorpe and Sarah Lonvick.
