Douglas Ryder, P.C.

Kirkland & Ellis advised Acosta, a global integrated sales and marketing services company, on its acquisition of Impact Group, a sales and marketing agency with a national presence and local market expertise in natural, specialty, ethnic and emerging brands. Financial terms were not disclosed. The Kirkland team was led by corporate partners Douglas Ryder and David M. Klein and associate Jack Shirley, debt finance partners Jason Kanner and Brett Pallin, and tax partner Jared Rusman and associate Soo Jin Kim.

Jul 12

1 min

Kirkland & Ellis represents Cerberus Capital Management, L.P., and Koch Minerals & Trading, LLC, which today announced a partnership that has agreed to acquire the PQ Performance Chemicals business of PQ Group Holdings Inc. (NYSE: PQG) for approximately $1.1 billion. PQ Performance Chemicals is a leading global producer of sodium silicates, specialty silicas, and zeolites. The business supports a broad range of end uses, including for personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products. Read more in Cerberus’ press release The Kirkland team was led by transactional partner Douglas Ryder, associate Daniel Connelly and tax partner Sara Zablotney. The team also included tax partner Benjamin Schreiner and associate Amanda Milhet, debt finance partners Jay Ptashek and Mark Adler, technology & IP transactions partners Seth Traxler and Min Wang, and associates Jeffrey Seroogy and Melissa Moreno, and transactional associates Zahraa Hadi and Joe Nguyen, and law clerk Tarlochan Rakhra.

Mar 1

1 min

Kirkland & Ellis advised PropTech Acquisition Corporation (NASDAQ: PTAC) (“PropTech”), a special purpose acquisition company targeting businesses in the real estate technology industry, on its definitive agreement to combine with Porch.com, Inc. (“Porch”), a leading software and services platform for the home inspection and home service industries. The deal is valued at $523 million, and is expected to close in the fourth quarter of 2020, subject to regulatory and stockholder approvals, and other customary closing conditions. The terms also call for Porch.com to receive $150 million in cash proceeds from a private-investment-in-public-equity issuance. Read the press release from PropTech The Kirkland team was led by  transactional partners Douglas Ryder and Abhishek Kolay, and capital markets partners Christian Nagler and Brooks Antweil; and also included litigation partner Judson Brown; tax partners Sara Zablotney and Sehj Vather; and transactional associates Dan Vaczy and Ryan Martin.

Aug 3

1 min

Kirkland & Ellis advised New Providence Acquisition Corp., a special purpose acquisition company, on the consummation of its business combination with AST & Science, LLC, a cutting-edge satellite design and manufacturing company that is building a first-of-its-kind, space-based cellular broadband network to be accessible directly by standard smartphones. The combined company received approximately $462 million of gross proceeds, consisting of New Providence’s approximately $232 million cash in trust and approximately $230 million from a PIPE investment, including investments from Rakuten, Vodafone, American Tower, and UBS O’Connor. The combined company now operates as AST SpaceMobile, Inc. and is listed on the Nasdaq under the symbol “ASTS.” Read the AST SpaceMobile press release The Kirkland team was led by capital markets partner Julian Seiguer and corporate associate Bill Halaby with assistance from corporate partner Douglas Ryder and capital markets partner Christian Nagler. The team included corporate associates Tonna Onyendu and Jorge Toledo, capital markets partner Peter Seligson and associates Logan Weissler, Mathieu Kohmann, Enid Qin, Caleb Martin and Josue Medina.

Apr 8

1 min

Kirkland & Ellis advised Acosta, a global integrated sales and marketing services company, on its acquisition of national foodservice sales agency The CORE Group (CORE), which closed on June 2, 2021. Financial terms were not disclosed. Read the Acosta press release The Kirkland team was led by transactional partners Douglas Ryder and David Klein and associate Jack Shirley.

Jun 3

1 min