Kirkland & Ellis is advising Canada Pension Plan Investment Board (CPP Investments) in connection with a change of the corporate structure of Axel Springer Group. Following the implementation of the new structure, the media business will be controlled by Friede Springer and Mathias Döpfner and the classifieds business will be controlled by KKR and CPP Investments. The transaction is expected to close in Q2 2025 subject to receipt of all requisite regulatory approvals. The Kirkland team is led by corporate partners Dr. Philip Goj, David Higgins, Carlos Gil Rivas and Miroslav Tomo.