Paul Koltz

Kirkland & Ellis advised O2 Investment Partners, a private equity firm investing in growth-oriented, privately-held businesses in the North American lower middle market, on the fundraising for O2 Investment Partners Fund V (Fund V) with $670 million in capital commitments. Read O2 Investment Partners’ press release The Kirkland team included investment funds lawyers Dan McQuade, Michael Black, William Ballentine, Kendall Kilberger and Allie Sopp; investment funds regulatory lawyers Nicholas Hemmingsen, Danielle Sartain and Matt Davis; investment funds ERISA lawyer Christine Matott; tax lawyers Dan Meehan and Florian Schütte; and financial services regulatory lawyers Albert Weatherill, Sky Kim and Matt Dixon-Ward.

Mar 3

1 min

Kirkland & Ellis advised middle market private equity firm Aterian Investment Partners on a new single asset continuation vehicle of approximately $460 million. The fund was created to purchase precision manufacturer Vander-Bend Manufacturing, Inc. from Aterian Investment Partners II, LP (Fund II). The continuation vehicle provides an incremental $90 million of equity to support Vander-Bend’s growth. The new fund will be managed by Aterian Investment Partners and anchored by funds managed by J.P. Morgan Global Alternatives, Hollyport Capital and Blackstone Strategic Partners as well as supported by new and returning limited partners. Aterian professionals, existing Fund II limited partners and Vander-Bend management rolled significant equity proceeds as part of the transaction. Aterian Investment Partners III, LP and Aterian Investment Partners III-A also invested. Read the transaction press release The Kirkland team was led by corporate partners Adam Wexner and Kevin Stocks and associates Jeff Butensky and Paul Koltz and investment funds partners Eric Fischer and Nick Carreri, with support from investment funds partner Jeff Kaplan and associates Matt Nabavian, Namjun Park, Michael Brar, Francisco Cardona, Emily Hartney and Mark Raymond.

Oct 31

1 min

Kirkland & Ellis advised Paya Holdings Inc. (Nasdaq: PAYA), a leading provider of integrated payment and commerce solutions in the U.S., on its sale to Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, for approximately $1.3 billion. The proposed acquisition would create a preeminent payment technology provider with strong positions in global eCommerce, integrated payments and B2B. The transaction is expected to close by the end of the first quarter of 2023. Read the transaction press release The Kirkland team was led by corporate partners Sarkis Jebejian, Rachael Coffey, Mark Fennell and Peter Fritz and associates Steven Choi, Arjun Karthikeyan, Arjun Mocherla, Will Pretto and Paul Koltz, debt finance partner Thomas Dobleman and associate Matt Stummer, executive compensation partner Stephen Jacobson and associate Karsten Busby, capital markets partners Sophia Hudson and Jennifer Lee, antitrust and competition partners Ian John and Chuck Boyars and tax partner Polina Liberman.

Jan 9

1 min

Kirkland & Ellis advised GTCR and its portfolio company RevSpring, Inc. on its sale to healthcare-focused investment firm Frazier Healthcare Partners. RevSpring is a leading provider of end-to-end communication and payment solutions in healthcare and financial services, sending 1.5 billion communications and processing more than $8 billion in payment volume annually for its healthcare and financial services customers. The transaction was announced March 12, 2024. Read RevSpring’s press release The Kirkland team was led by corporate partners Neil K. Vohra and Mark Fennell and included corporate associates Jessica Lowe, Paul Koltz, with support from corporate partner Sanford Perl and associates Brian Arnfelt and Francesco Castaldi; debt finance partners Tom Dobleman and Patrick Loughery and associate Alex Straka; and tax partners Polina Liberman and Michael Alcan.

Mar 12

1 min

Kirkland & Ellis counseled Riverspan Partners, a Chicago-based private equity firm specializing in growth-oriented investments in the industrials sector, on its strategic investment in POLARIS Laboratories®, an industry leader in fluid analysis testing and reliability services. Riverspan’s support will bring capital and expertise for POLARIS to advance its position as the independent global leader in maintenance and reliability condition monitoring services. Read Riverspan’s press release The Kirkland team included corporate lawyers Robert Wilson, Brandi Miller and Paul Koltz; debt finance lawyer James Anderson; and tax lawyer Mike Conroy.

Oct 11

1 min