Kirkland Advises KKR on Joint Venture with Thomson Reuters for Thomson Reuters Global Print Business

Kirkland & Ellis advised KKR, a leading global investment firm, on a definitive agreement to enter into a joint venture with Thomson Reuters Corporation (TSX/Nasdaq: TRI). As part of the transaction, Thomson Reuters will sell a 51% stake in its Global Print business to capital accounts advised by KKR. Thomson Reuters will receive approximately $500 million in gross proceeds at closing and will retain a 49% equity interest in the joint venture. Thomson Reuters will also maintain intellectual property rights and full editorial control over its content portfolio. This new joint venture will hold an exclusive license to distribute the content in print and on ProView, Global Print's eBook platform.

Read the transaction press release

The Kirkland team included corporate lawyers Brittany Sakowitz and Mike Marek; debt finance lawyers Roald Nashi and Greg Howling; and technology & IP transactions lawyer Daisy Darvall.