Jai Agrawal, P.C.

Kirkland & Ellis advised Warburg Pincus on its minority investment in Nord Security, a leading virtual private network provider. Warburg’s minority investment puts a US$3 billion valuation on the business and will be one of the initial investments out of Warburg’s Capital Solutions Founders Fund. Read Warburg Pincus’ press release The Kirkland team was led by corporate partners Dan Clarke, Jiri Peterka, Adam Wexner, Jai Agrawal and Adrian Maguire, and technology & IP transactions associate Colin Russell.

Sep 29

1 min

Kirkland & Ellis represented private equity firm Court Square Capital Management, L.P. on the completion of a single-asset continuation fund to continue its partnership with PlayCore Group, Inc., a market leading provider of multi-brand playground equipment and recreation products. Leonard Green & Partners, L.P. (LGP), through Sage Equity Investors, L.P., acted as the sole lead investor and provided incremental capital commitments to support PlayCore’s future organic growth initiatives and M&A. The transaction offered existing investors the option to generate full or partial liquidity at an attractive return as well as the ability to roll their existing interests. PlayCore’s management team will remain a significant investor in the company. Sage is capitalized primarily by funds managed by LGP and a group of its co-investors. Read the transaction press release The Kirkland team included investment funds lawyers Társis Gonçalves, Sean Malone, John Senior, Nicholas Chan, Nathan Howe, Mack Wan, Dave Chan, Deanna Schreiber, Tiffany Wang and Zacaria Alahmad; corporate lawyers Jai Agrawal, Jessica Sicsu and Caitie Manuel; tax lawyers David Grenker and Claire Oxford; investment funds regulatory lawyers Noah Qiao and Tiffany Kwok; and debt finance lawyers Jocelyn Hirsch, Angela Hagerman, Bill Bandy and Adam Gilmore.

Nov 25

1 min

Kirkland & Ellis is advising growth investor Warburg Pincus on the sale of leading provider of integrated child care center management software and payments processing company Procare Software LLC to Roper Technologies, Inc. (NASDAQ: ROP) for an enterprise value of $1.86 billion. The definitive agreement was announced January 24. The transaction is expected to close in the first quarter of 2024 subject to regulatory approvals and customary closing conditions. Read the transaction press release The Kirkland team is being led by corporate partners Keri Schick Norton and Jai Agrawal and associates Sumer Marquette and Eve Salamon and tax partners David Grenker and Vivek Ratnam.

Jan 25

1 min

Kirkland & Ellis advised Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) in connection with their separation from Wells Fargo. NEP, which was founded in 1961, and NMP will now operate under a single independent asset manager named Norwest Capital Advisors (Norwest Capital), which has been registered as an investment adviser with the SEC. In connection with the separation and the registration of Norwest Capital, Wells Fargo, in its capacity as the primary institutional limited partner of NEP and NMP, sold approximately $2 billion in investments in certain NEP and NMP funds to a group of premier global private equity and private capital investors. Following the spin-out, the NEP platform will continue to seek to invest in growing middle-market companies primarily across the business services, consumer services, consumer products and industrials sectors. The NMP platform, which partners with private equity sponsors to create subordinated debt and equity capital solutions, will continue to seek to provide creative and flexible investment solutions. The Kirkland team was led by corporate partner Jai Agrawal and investment funds partners Sean Malone, Samuel Weber, Victor Levy and John Senior, with support from tax partners Dave Grenker and Phillip Cooke and regulatory partners Norm Champ, Michael Chu and Xiao-Hong Jing.

Oct 12

1 min

Kirkland & Ellis is advising global growth investor Warburg Pincus on a strategic investment in industry-leading Saas company Varicent. Private equity firm Great Hill Partners and Spectrum Equity are investing alongside Warburg. Varicent is a leading provider of SaaS-enabled operational and analytical tools that help companies assess and enhance sales performance. The investment will be used to expand Varicent’s market-leading position, enhance its proprietary Revenue Performance Engine framework, launch new solutions and embed new AI capabilities. The transaction is expected to close in the third calendar quarter of 2024 subject to customary closing conditions. Read the transaction press release The Kirkland team was led by corporate partners Keri Schick Norton and Jai Agrawal and associate Sumer Marquette along with corporate partner Kartik Khanna and associates Aida Kimiagar and Linda Yang.

Jul 16

1 min