Kirkland & Ellis

Lone View Capital Raises $850 Million for Inaugural Investment Fund

Retrieved on: 
Wednesday, April 10, 2024
Start-Up, Accounting, Technology, Professional Services, Health, Health Technology, Asset Management, Software, Fintech, Human Resources, Finance, Golden Gate Capital, LLP, Investment, Insurance, Partnership, Kirkland & Ellis, Senior, Workforce, Information services

Lone View Capital (“Lone View” or the “Firm”), a growth-oriented private equity firm investing across the technology ecosystem, today announced the close of its inaugural fund, Lone View Capital Fund I (“Fund I”).

Key Points: 
  • Lone View Capital (“Lone View” or the “Firm”), a growth-oriented private equity firm investing across the technology ecosystem, today announced the close of its inaugural fund, Lone View Capital Fund I (“Fund I”).
  • Fund I closed with total committed capital of $850 million, bringing Lone View’s assets under management to approximately $1.1 billion.
  • “We established Lone View to build upon our team’s proven track record of delivering significant returns by closely partnering with management teams to help maximize revenue growth and earnings potential,” said Rishi Chandna, Managing Partner at Lone View.
  • We look forward to leveraging our consistent and highly focused approach to capitalize on this attractive market opportunity,” said Doug Ceto, Partner at Lone View.

T-Mobile and EQT Announce Joint Venture to Acquire Lumos and Build Out the Un-carrier's First Fiber Footprint

Retrieved on: 
Thursday, April 25, 2024
Education, Goldman Sachs, Internet, Person, Investment, EQT Partners, Acceleration, LLP, Risk, Communication, Kirkland & Ellis, TMUS, Simpson Thacher & Bartlett, JV, JPMorgan Chase, Failure, Infrastructure, EQT, Marketing, T-Mobile, Growth, Internet service provider

BELLEVUE, Wash. and NEW YORK, April 25, 2024 /PRNewswire/ -- T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest growing broadband provider, and EQT, a purpose-driven global investment organization, today announced they have entered into a joint venture (JV) with EQT's Infrastructure VI fund (EQT) that will acquire fiber-to-the-home platform Lumos from EQT's predecessor fund EQT Infrastructure III.

Key Points: 
  • Together they will acquire Lumos' scalable fiber network build capabilities to deliver best-in-class high-speed fiber internet connectivity to customers across the U.S. without access to fiber today.
  • This new effort will build critical fiber broadband infrastructure that will enable remote work, education, and healthcare use cases across the country.
  • This joint venture will amplify our ability to change lives through the transformative power of fiber optic internet."
  • This communication contains certain forward-looking statements concerning T-Mobile and the proposed transaction with EQT to acquire regional fiber company Lumos.

T-Mobile and EQT Announce Joint Venture to Acquire Lumos and Build Out the Un-carrier's First Fiber Footprint

Retrieved on: 
Thursday, April 25, 2024
Education, Goldman Sachs, Internet, Person, Investment, EQT Partners, Acceleration, LLP, Risk, Communication, Kirkland & Ellis, TMUS, Simpson Thacher & Bartlett, JV, JPMorgan Chase, Failure, Infrastructure, EQT, Marketing, T-Mobile, Growth, Internet service provider

BELLEVUE, Wash. and NEW YORK, April 25, 2024 /PRNewswire/ -- T-Mobile (NASDAQ: TMUS), America's 5G leader and fastest growing broadband provider, and EQT, a purpose-driven global investment organization, today announced they have entered into a joint venture (JV) with EQT's Infrastructure VI fund (EQT) that will acquire fiber-to-the-home platform Lumos from EQT's predecessor fund EQT Infrastructure III.

Key Points: 
  • Together they will acquire Lumos' scalable fiber network build capabilities to deliver best-in-class high-speed fiber internet connectivity to customers across the U.S. without access to fiber today.
  • This new effort will build critical fiber broadband infrastructure that will enable remote work, education, and healthcare use cases across the country.
  • This joint venture will amplify our ability to change lives through the transformative power of fiber optic internet."
  • This communication contains certain forward-looking statements concerning T-Mobile and the proposed transaction with EQT to acquire regional fiber company Lumos.

Invitae Enters into Agreement with Labcorp for Sale of Business

Retrieved on: 
Thursday, April 25, 2024
Sale, Customer, FTI Consulting, Partner, OTC, LH, Kirkland & Ellis, Business continuity planning, Employment, Kirkland, Asset, Health, Auction

SAN FRANCISCO, April 24, 2024 /PRNewswire/ -- Invitae (OTC:NVTA), a leading medical genetics company, announced that Labcorp (NYSE: LH), a global leader of innovative and comprehensive laboratory services, has been selected as the winning bidder in the Company's auction in its sale process under Section 363 of the U.S. Bankruptcy Code. Labcorp will acquire substantially all of the Company's assets on a going concern basis for $239 million in cash consideration, plus other non-cash consideration.

Key Points: 
  • Labcorp will acquire substantially all of the Company's assets on a going concern basis for $239 million in cash consideration, plus other non-cash consideration.
  • "The agreement with Labcorp marks a significant step in our financial restructuring and supports our efforts to continue to deliver innovative and industry leading products and services for healthcare," said Ken Knight, president and chief executive officer of Invitae.
  • The hearing to approve the sale is currently scheduled for May 6, 2024.
  • With Court approval, as well as customary regulatory approvals and closing conditions, Labcorp and Invitae anticipate completing the sale process in the third quarter of 2024.

Greenberg Traurig Adds Matt Whited; Strengthens Corporate, M&A, Private Equity Practices

Retrieved on: 
Tuesday, April 23, 2024
Corporation, Mergers and acquisitions, Culture, LLP, Kirkland & Ellis, Growth, Financial services

CHICAGO, April 23, 2024 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP added Matt Whited as a shareholder in the firm's Chicago office, continuing to deepen the bench of its Corporate, Mergers & Acquisitions, and Private Equity Practices. He joins the firm from Kirkland & Ellis LLP.

Key Points: 
  • Global law firm Greenberg Traurig, LLP added Matt Whited as a shareholder in the firm's Chicago office, continuing to deepen the bench of its Corporate, Mergers & Acquisitions, and Private Equity Practices.
  • CHICAGO, April 23, 2024 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP added Matt Whited as a shareholder in the firm's Chicago office , continuing to deepen the bench of its Corporate , Mergers & Acquisitions , and Private Equity Practices.
  • "The addition of Matt underscores our ongoing commitment to our Private Equity Practice and providing unparalleled service to our clients."
  • "Greenberg Traurig has built an exceptional M&A platform and practice that has seen impressive growth over the past decade—especially in the private equity space," Whited said.

TorQuest Partners Announces Strategic Minority Investment by RidgeLake Partners

Retrieved on: 
Tuesday, April 16, 2024
OA, LLP, Torys, Partnership, Kirkland & Ellis, Gibson Dunn, Entrepreneurship, Culture, Partner (business rank), Senior, Growth

TORONTO, April 16, 2024 /PRNewswire/ - TorQuest Partners, a Toronto-based private equity firm founded in 2002 with more than C$5 billion in equity capital under management, is pleased to announce that RidgeLake Partners ("RidgeLake") has made a passive, minority investment in the firm.

Key Points: 
  • TORONTO, April 16, 2024 /PRNewswire/ - TorQuest Partners, a Toronto-based private equity firm founded in 2002 with more than C$5 billion in equity capital under management, is pleased to announce that RidgeLake Partners ("RidgeLake") has made a passive, minority investment in the firm.
  • "RidgeLake's strategic investment is an important part of a broader, long-term succession plan that is presently underway at TorQuest," said Brent Belzberg, Founder and Senior Managing Partner at TorQuest Partners.
  • "RidgeLake affiliates have been investing with TorQuest since 2013 and have been trusted partners throughout the last decade.
  • "We have tremendous respect for the culture and depth of TorQuest and are excited to partner with and assist in the sustained growth of their investment platform," added Michael Lunt, co-head of RidgeLake Partners.

Prominent Restructuring Attorney Joins Investment Bank Gordian Group

Retrieved on: 
Tuesday, March 26, 2024
Mayer Brown, Kirkland & Ellis, Senior, Senior counsel, Security (finance)

Adam Paul Will Be a Senior Managing Director

Key Points: 
  • New York, New York--(Newsfile Corp. - March 26, 2024) - Gordian Group, a premier restructuring investment bank, today announced that Adam Paul is joining the firm as a Senior Managing Director.
  • Adam previously was a senior partner in the Restructuring practice of Kirkland & Ellis and the global co-chair of the Restructuring Group at Mayer Brown.
  • With his tremendous experience in counseling boards, he will also provide an important perspective in our investment banking engagements."
  • "As a former sponsor and company-side attorney, I am particularly drawn to Gordian's unique space in the restructuring firmament.

Sientra Announces Completion and Winning Bidders of its Section 363 Sales Auction

Retrieved on: 
Tuesday, April 2, 2024
Stifel, Tiger, Sale, Berkeley Research Group, Acquisition, Blank Rome, United States bankruptcy court, Bankruptcy, Breast, Regenerative medicine, Hearing, Kirkland & Ellis, Kirkland, Insurance

IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business. As consideration for the acquisition, Tiger will pay a cash consideration of $42.5 million as well as assume certain liabilities of the Company, including up to $7 million in cure costs for certain assumed contracts, all the Company’s warranties for breast implants sold prior to the closing date, and all of the Company’s customer contracts.

Key Points: 
  • IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business.
  • Sientra also announced that it has entered into a definitive agreement with Nuance Intermediary, LLC (“Nuance”), pursuant to which Nuance will acquire substantially all the assets of Sientra used in its BIOCORNEUM business.
  • Tiger Aesthetics Medical, LLC is represented by Blank Rome LLP as legal counsel and H.C. Wainwright & Co. as investment banker.
  • Nuance Intermediary, LLC, an investment of Nuance Holdings LLC, as well as the owner of Nuance Medical, is represented by Ferguson Braswell Fraser Kubasta PC as legal counsel.

AMPURE, Formerly Webasto Charging Systems, and Transom Capital Group: Pioneering the Future of Electric Vehicle and Industrial Charging

Retrieved on: 
Tuesday, April 2, 2024
EV, CPO, ESG, Acquisition, Software, OEM, Ecosystem, Airport, Webasto, Transom, Kirkland & Ellis, Financial services

Webasto Charging Solutions is a leading provider of electric vehicle and industrial charging products and services.

Key Points: 
  • Webasto Charging Solutions is a leading provider of electric vehicle and industrial charging products and services.
  • Transom is acquiring a majority stake in the business and Webasto will remain a minority shareholder.
  • Ampure has an unwavering commitment to accelerating the transition to electromobility by defining the landscape of innovative and reliable charging for electric and industrial vehicles.
  • Transom Capital Group’s strategic investment underscores its steadfast confidence in Ampure to generate substantial value in the expanding electric vehicle charging ecosystem.

GeoVera Announces Combination of Its Insurance Carriers with SafePort Insurance Company to Create GeoVera Nova Holdings; Will Simultaneously Sell MGA to SageSure

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, AXA, Growth, CFO, Partnership, LLP, Nasrin, Kirkland & Ellis, MGA, Reinsurance

GeoVera Insurance Holdings, Ltd. (“GeoVera”), a leading provider of specialty property insurance, today announced that it has entered into a definitive agreement to sell its insurance carriers and managing general agent (“MGA”) businesses.

Key Points: 
  • GeoVera Insurance Holdings, Ltd. (“GeoVera”), a leading provider of specialty property insurance, today announced that it has entered into a definitive agreement to sell its insurance carriers and managing general agent (“MGA”) businesses.
  • Upon completion of the transactions, a newly formed entity, GeoVera Nova Holdings, Inc. (“GeoVera Nova”), will control four insurance operating subsidiaries: GeoVera Insurance Company, GeoVera Specialty Insurance Company, Coastal Select Insurance Company, and SafePort Insurance Company (“SafePort”), a property-focused insurance carrier.
  • Additionally, the MGA operations of GeoVera will be acquired by SageSure, one of the largest independent MGAs focused on catastrophe-exposed markets, and GeoVera Nova will become a carrier partner of SageSure.
  • John Forney and Brian Sheekey, currently CEO and CFO, respectively, of GeoVera, will continue in the same roles at GeoVera Nova.