Constantine N. Skarvelis, P.C.

Kirkland & Ellis advised Millennium Trust Company, LLC, a leading provider of retirement and financial services for employers, institutions, advisors, and individuals, on its acquisition of PayFlex Holdings, Inc., a provider of health savings accounts (HSAs) and consumer-directed benefit administration services, from CVS Health Corporation. In connection with the acquisition, Millennium Trust will enter into a long-term commercial relationship with affiliates of Aetna Inc., a CVS Health company. Financial terms of the transaction have not been disclosed. The acquisition is expected to close in the second quarter of 2022 and is subject to customary closing conditions. Read the Millennium Trust press release The Kirkland team was led by corporate partner Armand Della Monica and associates Matthew Fisher and Han Park, and included support from corporate partner Constantine Skarvelis. The team also included debt finance partners Ashley Gregory and John Kefer, and technology & IP transactions partner Matthew Lovell and associate Kevin Jacobsen.

Apr 8

1 min

Kirkland & Ellis advised private equity firm Gamut Capital Management, L.P. on a definitive agreement to acquire Airtron Heating & Air Conditioning, a leading designer, installer and maintenance provider for heating, ventilation and air conditioning (HVAC) systems, from NRG Energy, Inc. (NYSE: NRG). The acquisition was announced August 8, 2024. Airtron was acquired by NRG as part of its acquisition of Direct Energy in 2021. Financial terms were not disclosed. Read the transaction press release The Kirkland team was led by corporate partners Constantine Skarvelis, Peter Martelli and Steven Choi; debt finance partners Yuli Wang and Melissa Hutson; and tax partner Mark Schwed with assistance from corporate associates Seung Bo Choi, Sandra Lewitz and Jay Gao; technology & IP transactions partners Joanna Schlingbaum and Shellie Freedman and associate Dan Sotos; debt finance associates Raghav Gupta and Brian Caldwell; tax partner Steven Ort and associate Grace Nielsen; executive compensation partners Anthony Ji and Michael Krasnovsky and associate Devin Kern; and employee benefits of counsel Jack Bernstein and associate Mackenzie Packard.

Aug 8

1 min

Kirkland & Ellis advised Bansk Group, a private investment firm focused on building distinctive consumer brands, on the successful close of a continuation fund to expand its partnership with Arcadia Consumer Healthcare, a recognized leader and one of the fastest growing platforms in the consumer healthcare market for over-the-counter medicines and premium vitamins and nutritional supplements. The transaction was co-led by Coller Capital and Ares Secondaries Fund, with additional support from investment funds managed by BlackRock, Churchill, Dextra Partners and Future Standard, among other investors. Since Bansk’s initial investment in 2021, Arcadia has implemented several organic growth initiatives and successfully executed two major acquisitions. With this infusion of capital, the Company is well-positioned to accelerate organic and inorganic growth, further enhancing its portfolio and expanding its reach and impact in the consumer healthcare sector. Read the transaction release The Kirkland team included investment funds lawyers Eric Fischer, Andrew Wright, Ray Xu, Semhar Woldai, Josh Rabinovits, Alex Weinman, Monique Groen, Joseph Salvatore, Ashley Lee, Jack Baumruk, Brian Ferrell, Geraghty Alch, Margaret O’Connor, Albert Yakobashvili and Michael Shields; corporate lawyers Constantine Skarvelis, Oliver Yee and Matthew Brenner; tax lawyers David Grenker, Tim Campany and Claire Oxford; investment funds ERISA lawyer Christine Matott; investment funds regulatory lawyers Scott Moehrke and Peter Gauss; financial services regulatory lawyers Albert Weatherill and Stefan Nesic; and debt finance lawyers Kathryn Leonard, Aditi Iyer, Tony Tsai, Raghav Gupta, Adam Brandy, Ana Rijal and Clare Azzopardi.

Jan 20

1 min

Kirkland advised Bansk Group, a consumer-focused private investment firm, on the closing of its inaugural fund, Bansk Fund I (the “Fund”), with $800 million in capital commitments, taking total assets under management to approximately $1.5 billion, including co-investments. The Fund received strong support from a diverse range of high-quality global institutional investors. The Fund has invested in four portfolio companies to date, and Kirkland acted as deal counsel to Bansk on three of these investments. In connection with the fundraising and M&A activities, Kirkland also advised Bansk on the closing of multiple deal-specific co-investment vehicles and deal-level and fund-level credit facilities. Read the Bansk Group press release The Kirkland team was led by investment funds partners Andrew Wright and Ray Xu and associate Josh Rabinovits; tax partners David Grenker and Timothy Campany and associate Dana Quinn; and investment funds regulatory partner Scott Moehrke and associate Tim Nolan. The Kirkland team was supported by corporate partners Michael Movsovich and Constantine Skarvelis; debt finance partners Aditi Iyer and Christopher Butler; and ESG & impact partner Mary Beth Houlihan.

Jul 28

1 min

Kirkland & Ellis advised ArisGlobal, a portfolio company of Nordic Capital, on the acquisition of Amplexor Life Sciences, a life sciences organization focused on end-to-end regulatory process, compliance and operational excellence. Read ArisGlobal’s press release The Kirkland team was led by corporate partners Louis Gosset and Vincent Ponsonnaille, with support from corporate partners Constantine Skarvelis and Abhishek Kolay and associates Etienne Vautier, Sandra Lewitz and Kimberly Guo; technology & IP transactions partner John Patten and associates Ben Zeris and Lana Khoury; tax partners Sonia Bouaffassa and Vivek Ratnam; and antitrust partners Paula Riedel and Thomas Wilson and associate Alexandre Rouhette.

Apr 26

1 min