Kirkland Advises on KKR’s $1.4 Billion Acquisition of Arctos

Kirkland & Ellis advised Arctos Partners on a definitive agreement to be acquired by KKR & Co. Inc. Arctos is an institutional investor in professional sports franchise stakes and a leader in asset management solutions for sponsors. The transaction is valued at $1.4 billion in initial consideration, including equity subject to vesting through 2033, plus up to an additional $550 million in future equity tied to both KKR share price and business-specific performance targets and vesting through 2031. Arctos manages approximately $15 billion in assets under management and provides bespoke growth and liquidity solutions to sports franchises through Arctos Sports and alternative asset managers Arctos Keystone. Kirkland also served as sports counsel to KKR.

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The Kirkland team advising Arctos included corporate lawyers Jonathan Benloulou, Michael Considine, Adam Garmezy, Mario Kranjac, William Mabry and Victor Ghazal; asset management M&A lawyers Peter Vaglio and Jack Rossman; tax lawyers Don Rocap, Elie Zolty, Joe Tobias and Brooke Shafer; and investment funds lawyers John Berger, Patrick Valenti and Sam Scarcello. The team advising KKR included corporate lawyers Frank Saviano, Jason Krochak and Adam Rosenthal.