Martha Todd

Kirkland & Ellis advised fashion apparel retailer Express, Inc. (NYSE: EXPR) (EXPR) on its agreement with global brand management firm, WHP Global, to acquire menswear brand Bonobos, Inc. from Walmart Inc. This is the first acquisition to be made jointly by WHP Global and EXPR since finalizing their strategic partnership earlier this year. WHP Global will acquire the Bonobos brand and EXPR will acquire the operating assets and assume the related liabilities of the Bonobos business. Concurrent with the closing of the transaction, WHP Global and EXPR will enter into an exclusive long-term license agreement with multiple renewal options granting EXPR the right to use the intellectual property acquired by WHP Global for the operation of the Bonobos business in the U.S. in exchange for EXPR’s payment of a royalty fee to WHP Global. Read the transaction press release The Kirkland team was led by corporate partners Rachael Coffey, Eric Schiele, Bob Hayward and Martha Todd and technology & IP transactions partners Aaron Lorber and Bernadette Coppola.

Apr 17

1 min

Kirkland & Ellis counseled Austin, Texas-based Hatch Royalty LLC on its mineral and royalty interests being acquired by Kimbell Royalty Partners, LP (NYSE: KRP), a leading owner of oil and gas mineral and royalty interests in approximately 16 million gross acres in 28 states, in a cash and unit transaction valued at approximately $290 million, subject to purchase price adjustments and other customary closing adjustments. The purchase price for the Acquisition is comprised of $150 million in cash (approximately 52 percent of the total consideration) and approximately 7.3 million common units of Kimbell Royalty Operating, LLC, which are valued at $140 million (approximately 48 percent of the total consideration). Read Kimbell’s press release The Kirkland team was led by real asset M&A partners Chris Heasley, RJ Malenfant and Patrick Corrigan, with assistance from corporate partners John Kaercher and Martha Todd; capital markets partner Michael Rigdon; debt finance partner Lucas Spivey; tax partners Mark Dundon and Joe Tobias; executive compensation partner Rob Fowler; and antitrust partner Carla Hine.

Nov 3

1 min

Kirkland & Ellis advised Cinven, a leading international private equity firm, on its significant investment in Nitel, a leading next-generation technology services provider. Headquartered in Chicago, Illinois, Nitel is a leading provider of internet connectivity and networking technology services to multi-site small and medium-sized enterprises. The transaction is subject to customary approvals. Financial details of the transaction are not being disclosed. Read the Cinven press release The Kirkland team was led by corporate partners Laura Sullivan and Martha Todd and associate Marie-Joe Abi-Nassif, tax partner Sara Zablotney and associate Natalie Kannan, and debt finance partners Omar Raddawi and Judson Oswald.

Nov 18

1 min

Kirkland & Ellis advised private equity funds sponsored by Tract Capital, an alternative asset manager focused on creating businesses that support digital infrastructure growth, data centers and generative AI, on the lease and purchase and sale of real property for a 230-megawatt utility capacity (200-megawatt critical IT capacity), turnkey data center and electrical substation to be built in Storey County, Nevada. The project has been 100% leased to a AA- investment grade rated tenant pursuant to a 197-month “triple net” lease. Read Tract Capital’s press release The Kirkland team advising on the lease included real estate lawyers Kim McGrath and David Arbus; investment funds lawyers Jordan Murray and Joseph Baldwin; and tax lawyer Mark Schwed. The Kirkland team advising on the purchase and sale included corporate lawyers Melissa Kalka and Emily Lichtenheld; real estate lawyer Andy Small; investment funds lawyers Jordan Murray and Joseph Baldwin; and tax lawyer Mark Schwed.

Mar 2

1 min

Kirkland & Ellis counseled Vyopta, an Austin-based provider of collaboration management solutions backed by Elsewhere Partners and AVX Partners, offering analytics and monitoring for large video networks, on its acquisition by HP Inc. Vyopta brings extensive expertise and infrastructure to turbocharge the development of HP’s Workforce Experience Platform and provide customers with more insights and capabilities. Read HP’s press release The Kirkland team was led by corporate partners Martha Todd and John Kaercher and associates Kelly King and Brian Pang; tax partner Anne Kim and associate David Gilbert; employee benefits partner Matthew Antinossi and associate Sooah Kim; executive compensation partner Sally Ye and associate Dillon Jones; technology & IP transactions partner Daisy Darvall and associate Nisha Chandra; and employment & labor partner Christie Alcala.

Sep 25

1 min