Kirkland Advises Stockbridge on Acquisition by EQT

Kirkland & Ellis represented Stockbridge, a leading U.S. real estate investment manager with approximately USD 16.5 billion in fee-generating assets under management, on a definitive agreement to be acquired by EQT AB. The combination is designed to broaden client access to real estate strategies benefiting from long-term structural tailwinds, including attractive industrial sub-sectors and alternative living strategies, while preserving specialist-led investment teams and a disciplined focus on performance, marking an important step in EQT Real Estate’s continued evolution toward a more thematically diversified global platform. The transaction is expected to close in Q1 2027, subject to customary closing conditions.

Read the transaction press release

The Kirkland team included corporate lawyers Michael Reeves, Rami Totari, Tarah Sullivan, Tonna Onyendu and Heather Braverman; tax lawyers Lee Morlock, Mike Conroy and Matthew Wahlquist; and executive compensation lawyers Stephen Brecher and Lany Villalobos.