Bob Hayward, Bob Goedert, Michael Keeley, Paul Zier, Ashley Sinclair, Johnny Ellis, Anna LeGrett, Tala Esmaili, Chris Johnson, Ed Lee, Peter Fritz, Tom Evans, Miles Johnson
January 24, 2026
Kirkland Advises Carvana on Market-Leading Transactions on Back-to-Back Days
1 min
AI-made summary
- Kirkland & Ellis advised Carvana on a $126 million investment in Root Inc., which included a convertible preferred security and warrants for Class A shares, as part of an exclusive partnership to develop integrated auto insurance solutions for Carvana’s platform
- Kirkland also advised Carvana on the pricing of a $750 million private placement of 4.875% senior notes due 2029, which closed on August 16, 2021.
Kirkland & Ellis advised Carvana (NYSE: CVNA), the leading e-commerce platform for buying and selling used cars, on its $126 million investment into Root Inc. (Nasdaq: ROOT). The investment accompanied an exclusive partnership with Root to develop integrated auto insurance solutions for Carvana’s online car buying platform. The investment was in the form of a convertible preferred security and included warrants for Class A shares in Root. Read the Carvana press release
Kirkland also advised Carvana on its pricing of a private placement of $750 million in aggregate principal amount of its 4.875% senior notes due 2029. The offering closed on August 16, 2021. Read the Carvana press release The Kirkland team was led by capital markets partners Bob Hayward, Bob Goedert, Michael Keeley and Paul Zier, and associates Ashley Sinclair, Johnny Ellis, Anna LeGrett, Tala Esmaili and Chris Johnson; with corporate partner Ed Lee and associate Peter Fritz; and tax partner Tom Evans and associate Miles Johnson.
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Bob Hayward, Bob Goedert, Michael Keeley, Paul Zier, Ashley Sinclair, Johnny Ellis, Anna LeGrett, Tala Esmaili, Chris Johnson, Ed Lee, Peter Fritz, Tom Evans, Miles Johnson
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