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January 23, 2026
Kirkland Advises Court Square Capital on Closing of Single Asset Continuation Fund

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- Kirkland & Ellis advised Court Square Capital Management on completing a single-asset continuation fund to maintain its partnership with PlayCore Group, a provider of playground equipment and recreation products
- Leonard Green & Partners, through Sage Equity Investors, acted as sole lead investor, providing additional capital for PlayCore’s growth and M&A
- The transaction allowed existing investors to obtain liquidity or retain interests, with PlayCore’s management remaining significant investors.
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.
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