Jessica Corr

Kirkland & Ellis is advising CD&R and the consortium with Everest UK HoldCo Limited, an entity controlled by the Permira funds and the majority shareholder of Exclusive Networks, formed with a view to acquiring the shares of Exclusive Networks held by Everest UK HoldCo Limited and Olivier Breittmayer. The consortium will launch a simplified mandatory tender offer for the Exclusive Networks shares and will subsequently request the implementation of a squeeze-out if the legal conditions are met at the end of the offer. The proposed transaction values 100% of Exclusive Networks’ share capital at €2.2 billion on a fully diluted basis. The acquisitions are conditioned upon the receipt of customary regulatory approvals. The Kirkland team is led by corporate partners Vincent Ponsonnaille, Adrian Maguire, Louis Gosset and Jessica Corr and associates Jack Evans, François Capoul, Clement Barnetche, William Blakeney and Josh Dubin; debt finance partner Kalish Mullen and associate Carla Bisoli; technology & IP transactions partner Jacqueline Clover and associates Elizabeth Brady, James Delacenserie and Corina Demeter-Olive; tax partners Siv Devakumar and Nadine Gelli; ESG & impact associate Lucia Saborío; and antitrust & competition partner Alasdair Balfour.

Jul 25

1 min

Kirkland & Ellis is advising funds managed by TDR Capital on the agreement to acquire Zuber Issa’s shares in British supermarket chain Asda. Mohsin Issa remains a co-owner in Asda alongside TDR Capital. This brings the ownership of Asda to 67.5% by TDR Capital, 22.5% by Mohsin Issa and 10% by Walmart Inc. The transaction is set to complete in Q3 2024. Read Asda’s press release The Kirkland team is led by corporate partners Stuart Boyd and Jessica Corr and associates Christopher Weale and William Blakeney; antitrust & competition partners Alasdair Balfour and Joel Gory; financial services regulatory partner Prem Mohan and associate Kate McDermott; and tax partners Ed Moberly and Mavnick Nerwal.

Jun 12

1 min

Kirkland & Ellis is advising TPG on its acquisition, alongside CDPQ, of Aareon, a European provider of Software-as-a-Service (SaaS) solutions for the property industry. The financial terms of the acquisition are based on an enterprise value for Aareon of approximately €3.9 billion. Closing is expected to take place in the second half of 2024, subject to customary closing conditions and approvals. Read TPG’s press release The Kirkland team was led by corporate partners Adrian Maguire, Vincent Bergin, Philip Goj, Sebastian Häfele, Andrew McAlpine and Jessica Corr; debt finance partners Daniel Borg, Leon Daoud, Fabrice Hipp and Natasha Smith; tax partners Michael Ehret, Frixos Hatjantonas and Mavnick Nerwal; technology and IP transactions partner Jacqueline Clover; antitrust & competition partners Matthew Sinclair-Thomson and Shahrzad Sadjadi; and financial services regulatory partners Julia Dixon and Emma Reid.

Jun 24

1 min

Kirkland & Ellis is advising Asda Group, owned by the Issa brothers, investment funds managed by TDR Capital and Walmart, on the acquisition of EG Group’s UK and Ireland operations for an enterprise value of c. £2.27 billion. EG Group’s UK and Ireland businesses consist of c. 350 petrol filling station sites and over 1,000 food-to-go locations. The deal will create a group with combined revenues of nearly £30 billion, serving some 21 million customers every week. Read Asda’s press release The Kirkland team was led by corporate partners Stuart Boyd, Aneeq Durrani and Jessica Corr and associates Jamie Gordon, Christopher Weale, Callum Alder and Sophie Thomas and tax partners Timothy Lowe and Ed Moberly.

May 31

1 min

Kirkland & Ellis is advising Morrisons and its shareholder Clayton, Dubilier & Rice (CD&R) on entering into an agreement to sell 337 Morrisons petrol forecourts (including fuel, convenience retail kiosk and ancillary services) and more than 400 associated sites across the UK for Ultra-Rapid electric vehicle charging development to Motor Fuel Group (MFG). The transaction is valued at £2.5 billion and will form a new strategic partnership between Morrisons and MFG. Read Morrisons’ press release The Kirkland team is led by corporate partners Adrian Maguire, Vincent Bergin, Jessica Corr and Nick Appleton and associates James Whybrow, Callum Alder, William Blakeney and Raphael Khoo; technology and IP transactions partner Max Harris and associates Ben Zeris and Lana Khoury; tax partners Mavnick Nerwal and James Seddon; debt finance partners Christopher Shield and Suroop Kandola and antitrust & competition partner Alasdair Balfour.

Jan 31

1 min