Victoria Legg

Kirkland & Ellis advised AppLearn International Limited, a UK-based digital adoption platform, and its shareholders on its sale to Nexthink Limited, a portfolio company of Permira. Read AppLearn International’s press release The Kirkland team was led by corporate partners Victoria Legg and Aprajita Dhundia and associates Rebecca Pearce, Clemmie Alexander and Charles Hébert; tax partners Peter Abbott and Rob Sharpe and associate Rikesh Gandhi; and antitrust & competition partner Joel Gory.

Feb 9

1 min

Kirkland & Ellis advised Engine No. 1, an investment firm focused on decarbonization and the relocalization of North American supply chains, in connection with its binding agreement with Vale to invest in Vale Base Metals (VBM), the holding entity for Vale’s energy transition metals business. Engine No. 1’s investment is being made simultaneously with an investment in VBM by Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund. Engine No. 1 and Manara are collectively investing $3.4 billion, resulting in an implied enterprise value for VBM of $26 billion. This strategic partnership will fast-track VBM’s expected $25-30 billion capital program over the next decade and help drive a significant potential increase in VBM’s production, generating jobs, economic growth, procurement and supplier opportunities, as well as socioeconomic benefits in communities across the key critical mineral jurisdictions where VBM operates. Read the transaction press release The Kirkland team was led by corporate partner Kyle Watson and associates Gabrielle Sumich and Andrei Bucur; real asset partner Chris Heasley and associate Jonathan Strom; international trade & national security partner Luci Hague; and tax partners Mark Dundon and Alexander Cox and associate Rikesh Gandhi; with assistance from corporate partners Sara Pickersgill, Victoria Legg, Hayley Hollender and Kamran Bajwa.

Jul 28

1 min

U.S. investment firm Long Path Partners said Friday that it has so far won backing from 19.12% of shareholders in Idox PLC for its £339.5 million ($461 million) buyout of the U.K. government software company. Long Path said that the backing includes irrevocable undertakings from the directors of Idox and other shareholders that hold a total of 15.63% of the software company's stock. The U.S. investment firm already owns 12.32% of Idox. The offer has been open to Idox shareholders for 21 days. The investors have until March 16 to tender their shares under the offer. The deal is being completed as a takeover offer and is subject to Long Path holding more than 50% of shares in Idox. Long Path said it will be able to squeeze out any remaining shares if it holds at least 90% of Idox's shares. Long Path said it will pull Idox's shares from trading on London's Alternative Investment Market if it holds at least 75% of the stock. Long Path, through its bidding vehicle Frankel UK Bidco Ltd., is offering Idox shareholders 71.5 pence in cash per share. The U.S. company said in October that it had agreed to buy Idox in a deal that requires U.K. and French foreign direct investment clearance. The buyer had previously intended to complete the deal through a scheme of arrangement, which requires backing from at least 75% of shareholders in the target. But it changed this to a takeover offer in January to make it easier for the deal to go ahead. Idox, which is based in Surrey, southeast England, provides software to help manage elections. Kirkland & Ellis LLP is guiding Long Path, with a team led by corporate partners Stuart Boyd and Victoria Legg. Pinsent Masons LLP is steering Idox with a team headed by partner Rosalie Chadwick and public mergers and acquisition specialist Adam Cain.

Feb 6

1 min

Kirkland & Ellis is advising Bain Capital Tech Opportunities, a leading global software investor, on its majority investment in finova, a leading provider of mortgage and savings origination and servicing software in the UK, and its acquisition of MSO, the UK mortgage sales and originations software business of Iress (ASX: IRE). By bringing together these two investments, Bain Capital expects to offer a fuller set of products to current and potential customers, while continuing to invest in both platforms. The Kirkland team is led by corporate partners Jacob Traff, Victoria Legg and Adrian Maguire and includes corporate associates Charles Hébert, Rebecca Pearce, James Whybrow, Joe Timmins and Oliver Small; technology & IP transactions partner Jenny Wilson and associates Calum Parfitt, Stephen Coudounaris and Colin Russell; antitrust & competition partner Athina Van Melkebeke and associates Samantha Jones and James Donald; tax partners Peter Abbott and Alan Walker and associate Cosmos Fung; ESG & impact associate Lucia Saborio; and debt finance partners Chris Shield and Sam Sherwood and includes associates Ben Egan and Adrian Kilercioglu.

Mar 18

1 min

Kirkland & Ellis is advising Nordic Capital on entering into an agreement to sell Sunrise Medical, a specialist in assistive mobility solutions, to global investment firm Platinum Equity. Completion of the transaction is expected in Q3 2024 and is subject to customary regulatory approvals. Read Nordic Capital’s press release The Kirkland team is led by corporate partners David Higgins, Keir MacLennan and Victoria Legg and associates Melissa Sawyer, Christopher Weale, Ben Zelouf and Talodabioluwa Olu-Odugbemi; debt finance partner Evgeny Zborovsky; tax partner Peter Abbott and associate Hugo Coleman; and antitrust partner Thomas Wilson and associate Alexandre Rouhette.

Jun 5

1 min