Kirkland Advises Arsenal Capital on Acquisition of a Majority Stake in Velcro
Kirkland & Ellis advised Arsenal Capital Partners on an agreement to acquire a majority stake in Velcro Companies from the Cripps Foundation. Upon closing, Arsenal will hold a majority interest in Velcro, and the Cripps Foundation will continue as a significant minority shareholder. The terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2026, subject to customary regulatory approvals. Velcro is the leading provider of specialty hook & loop fastening technology and owner of the highly recognized VELCRO® brand. Established in 1954, Velcro has evolved from the inventor of hook & loop technology to a worldwide leader in specialty fastening. Arsenal is a private equity firm specializing in building industrial growth and healthcare companies.
Read the transaction press release
The Kirkland team included corporate lawyers Colin Zelicof, Giorgia Nagalli, Ted Frankel and Janae Yip; tax lawyers Mark Schwed, Liam Murphy and Jon Herlin; debt finance lawyers Michelle Kilkenney and Sumner Fontaine; executive compensation lawyers Stephen Brecher and John Hagan; and employee benefits lawyers Jeff Quinn and Daniel Coleman.
