Kady K. Reese

Kirkland & Ellis counseled Braemont Capital, a relationship-driven investment firm that partners with founders, families and ownership-minded management teams to invest in exceptional companies at growth inflection points, in its $125 million investment in Incline P&C Group, a premier insurance program market services firm. Read Braemont’s release The Kirkland team was led by corporate partners Thomas Laughlin, Parimah Hassouri and Kady Reese and associates Garrett Engel, Ben Sharp and Sandra Ghobraiel; debt finance partner Lucas Spivey; tax partner David Wheat; executive compensation partner Stephen Jacobson; employment & labor partners R.D. Kohut and Christie Alcala; employee benefits partner Alex Mihalas; capital markets partner Julian Seiguer; technology & intellectual property transactions partner Matthew Lovell; and real estate partner Andrew Van Noord.

Jun 8

1 min

Kirkland & Ellis advised Whirlpool Corporation on its underwritten concurrent public offerings, as well as a concurrent cross-border PIPE investment. In the concurrent public offerings, Whirlpool issued (i) 7,898,550 shares of common stock at a public offering price of $69.00 per share and (ii) $575 million of depositary shares, each representing a 1/20th interest in a share of newly issued 8.50% Series A Mandatory Convertible Preferred Stock at a public offering price of $50.00 per depositary share. Whirlpool also negotiated a private placement with a strategic Chinese investor, pursuant to which Whirlpool will issue 434,782 shares of common stock at a price of $69.00 per share. The public offerings were upsized from the original announcement, and the underwriters have already exercised their greenshoe option in both public offerings. Whirlpool intends to use the net proceeds from the offerings to repay a portion of the amounts outstanding under its revolving credit facility and for general corporate purposes, including strategic investments in vertical integration and automation. The Kirkland team included capital markets lawyers Bob Hayward, Michael Keeley, Ben Richards, Parker Davis, Lauren Au and Jeremy Duvall.

Mar 2

1 min

Kirkland & Ellis advised Valeas Capital Partners (Valeas), a growth-oriented equity investment firm, on its agreement to acquire a minority stake in Sequoia Financial Group (Sequoia), an SEC-registered wealth management firm with approximately $10 billion in client assets. Under terms of the agreement, Valeas is committing more than $200 million to support Sequoia's strategic growth plans. The transaction is expected to close on October 31, 2022. Read Sequoia Financial Group’s press release The Kirkland team was led by corporate partners Adam Phillips, Jonathan Manor and Kady Reese.

Oct 19

1 min

Kirkland & Ellis advised Sumeru Equity Partners, a growth-oriented private equity firm focused on growing innovative technology businesses, on its $330 million growth investment in JobNimbus, a game-changing SaaS provider for the roofing industry. This funding will help enable JobNimbus to scale its operations, expand product offerings and continue its mission to transform the contractor technology space. Read Sumeru’s press release The Kirkland team included corporate lawyers Adam Phillips, Kady Reese and Connor O’Flaherty; debt finance lawyers Brian Ford, Caitlin Bouey, Sydnee Hertle and Chris Glenn; tax lawyers Devin Heckman and David Morris; and investment funds lawyers Zeke Couch, Karin Orsic and David Kim.

Nov 13

1 min