Rachael L. Lichman, P.C.

Kirkland & Ellis advised Danaher Corporation (NYSE: DHR), a global science and technology innovator, on a definitive agreement to acquire Masimo Corporation (NASDAQ: MASI), a leading specialty diagnostics provider of pulse oximetry and other patient monitoring solutions, primarily in acute care settings. Under the terms of the agreement, Danaher will acquire all of the outstanding shares of Masimo common stock for $180 per share in cash, or a total enterprise value of approximately $9.9 billion including assumed indebtedness and net of acquired cash. Masimo will be a standalone operating company within Danaher’s Diagnostics segment along with Radiometer, Leica Biosystems, Cepheid and Beckman Coulter Diagnostics. The transaction is anticipated to close in the second half of 2026 and is subject to customary conditions, including receipt of applicable regulatory clearances and Masimo shareholder approval. Read the transaction press release The Kirkland team included corporate lawyers David Klein, Brian Junquera and Daniel Wolf; technology & IP transactions lawyers Adam Petravicius and Joanna Schlingbaum; litigation lawyer Jordan Peterson; intellectual property lawyer Ellison Turner; executive compensation lawyers Scott Price, David Branham and Madison Riddick; debt finance lawyer Rachael Lichman; capital markets lawyers Josh Korff and Diahndra Burman; and tax partners Dean Shulman and Liam Murphy.

Feb 17

1 min

Kirkland & Ellis is advising EQT Corporation (NYSE: EQT) on a definitive agreement with Blackstone Credit & Insurance (NYSE: BX) to form a new midstream joint venture consisting of EQT’s ownership interest in Mountain Valley Pipeline, LLC – Series A (MVP), FERC regulated transmission and storage assets, and the Hammerhead Pipeline. Under the terms of the agreement, Blackstone will provide EQT with a $3.5 billion of cash consideration in exchange for a passive common equity interest in JV. The investment implies a total JV valuation of approximately $8.8 billion. The transaction was announced on November 25, 2024 and is expected to close in the fourth quarter of 2024, subject to customary closing adjustments, required regulatory approvals and clearances. Read the transaction press release The Kirkland team included corporate lawyers David Feirstein, Cy Jones, Lindsey Jaquillard, Jennifer Gasser and Brittany Sakowitz; capital markets lawyers Matt Pacey and Lanchi Huynh; and debt finance lawyer Rachael Lichman.

Nov 25

1 min

Kirkland & Ellis is advising Caturus on a definitive agreement with SM Energy Company to acquire SM’s Galvan Ranch assets for a cash purchase price of $950 million. The acquisition includes approximately 60,000 of high quality net acres in South Texas and approximately 250 MMcfe/d of production from 260 producing wells (as of December 2025), with total pro forma net production of approximately 950 MMcfe/d at the time of closing. With Caturus’ acquisition of the Galvan Ranch assets, the company will hold more than 275,000 net acres across the Gulf Coast, and more than 15 years of premium inventory sitting at the front end of the North American cost curve. The Galvan Ranch transaction is expected to close in Q2 2026, subject to customary conditions and regulatory approvals. Read the transaction press release The Kirkland team included corporate lawyers Chad Smith, Shawn Beloin, Shubi Arora and Jhett Nelson; debt finance lawyers Rachael Lichman and James Kelly; capital markets lawyer Julian Seiguer; and tax lawyer Mark Dundon.

Feb 18

1 min

Kirkland & Ellis is advising Amcor plc (NYSE: AMCR; ASX: AMC) on a definitive agreement in which the company will combine with Berry Global Group Inc. (NYSE: BERY) through an all-stock merger. The transaction was announced November 19, 2024. Closing is targeted in the middle of calendar year 2025. The combination brings together two highly complementary businesses to create a global leader in consumer packaging solutions, with a broader flexible film and converted film offering for customers, a scaled containers and closures business and a unique global healthcare portfolio. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively. The transaction received unanimous approval of the boards of directors of both Amcor and Berry and values Berry’s common stock at $73.59 per share. The transaction will create a combined company with an enterprise value of approximately $37 billion. Read the transaction press release The Kirkland team included corporate lawyers Jonathan Davis, Carlo Zenkner, Andrew Norwich and Eric Schiele; capital markets lawyers Sophia Hudson and Katherine Shaia; debt finance lawyers Rachael Lichman and Brittany Taylor; antitrust & competition lawyers Andrea Murino and Jack Coles; executive compensation benefits lawyers Scott Price and Jared Whalen; and tax lawyer Jared Rusman.

Nov 19

1 min

Kirkland & Ellis advised Gogo Inc. (NASDAQ: GOGO) on its definitive agreement to acquire Satcom Direct, to create the only in-flight connectivity provider able to satisfy the performance and cost needs of every segment of the global business aviation and military/government mobility markets. Under the terms of the agreement, Satcom Direct will receive $375 million in cash and five million shares of Gogo stock at closing, and up to an additional $225 million in payments tied to realizing certain performance thresholds over the next four years. The transaction will be financed with a combination of cash-on-hand and $275 million in committed new debt. The transaction has been unanimously approved by the board of directors of Gogo and remains subject to regulatory approvals and other customary closing conditions, and is expected to close by the end of 2024. The Kirkland team was led by corporate partners Ben Hardison, Doug Bacon and John Pitts and associate Kersten Kober; debt finance partners Rachael Lichman and Osaro Aifuwa; capital markets partner Matt Pacey; and tax partners David Wheat and Joe Tobias.

Sep 30

1 min