Kirkland Advises Brentwood Associates on Recapitalization of Perennial Services Group

Kirkland & Ellis advised growth-oriented private equity firm Brentwood Associates on a partnership with Tenex Capital Management to complete an equity recapitalization of Perennial Services. Brentwood and Tenex invested in partnership with Perennial’s management team, who will remain significant shareholders in the business going forward. Perennial is a multi-brand home services platform with 49 branches operating in 15 states. Perennial is focused on lawncare, pest control, landscaping and arbor services.

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The Kirkland team included corporate lawyers Hamed Meshki, Michael Chung, Tammy Adereti, Ellen Jeong, Liz Niculescu and Mary Ramzy; debt finance lawyers Nisha Kanchanapoomi, Christian Rivas, Conor Hanvey, Alexa Boccia and Dami Kim; tax lawyers Mike Beinus, Michael Alcan and Maggie Carr; employment & labor lawyers Madeline Klebanov and Erin Davey; employee benefits lawyers Jack Bernstein and Mackenzie Packard; executive compensation lawyers Michael Falk and Matt Mutino; environmental transactions lawyers Mike Saretsky, Cheyenne Overall and Julia Kiley; technology & IP transactions lawyers Matt Lovell and Reilly Townsend; real estate lawyers Rob Miceli and Bradley Goodstein; international trade & national security lawyers John Kabealo and Brandon Ricaurte; antitrust & competition lawyers Kelsey Laugel and Brady Sweet; and investment funds lawyers Karin Orsic, Brian Delaney, Austin Favory and Justin Frumm.