Kirkland & Ellis counseled Helmerich & Payne, Inc. (NYSE: HP) on a definitive agreement to acquire KCA Deutag International Limited for $1.9725 billion in cash. KCA Deutag, a diverse global drilling company, has a significant land drilling presence in the Middle East, which represents approximately two-thirds of the company’s calendar year 2023 Operating EBITDA, with additional operations in South America, Europe and Africa. KCA Deutag also has asset-light offshore management contract operations in the North Sea, Angola, Azerbaijan and Canada, with super major customers and long-term earnings visibility through a robust backlog. Read Helmerich & Payne’s press release The Kirkland team was led by U.S. corporate partners Sean Wheeler, Debbie Yee and Camille Walker and UK corporate partner Stuart Boyd and associates Ray Aryal and Moose Sarfraz; and included debt finance partner Rachael Lichman; and tax partners Rob Sharpe on international tax matters and Michael Ehret on German tax matters.