Experience

• • KKR in the formation of KKR Ascendant Fund SCSp, a $4.6 billion fund dedicated to investing in middle market businesses in North America.
  • Pactiv Evergreen in the sale of its Pine Bluff, Arkansas, paper mill and Waynesville, North Carolina, extrusion facility, to Suzano.
  • MetLife Investment Management in a $1.2 billion managed secondary transaction, including a $975 million portfolio disposition of MetLife affiliate assets to its newly raised fund, MetLife Investment Private Equity Partners II.
  • J.F. Lehman & Company in the closing of a single-asset continuation vehicle for PURIS, a leading water infrastructure solutions provider.
  • Global Infrastructure Partners, an independent infrastructure fund manager, in its acquisition by BlackRock for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock.
  • Ara Partners in the closing of over $3 billion in new commitments to Ara Fund III, an industrial decarbonization fund, and dedicated limited partner co-investment vehicles.
  • KKR in the formation of its KKR European Fund VI, an $8 billion fund focused on private equity investments primarily in the developed economies of Western Europe.
  • Providence Equity Partners in its minority investment of up to $500 million in the formation of The North Road Company.
  • Spirit Airlines in its sale, later terminated, to JetBlue for $3.8 billion.
  • Clayton, Dubilier & Rice and TPG in their $4 billion take-private of Covetrus, a global animal-health technology and services company.
  • Breakthrough Properties in the formation of Breakthrough Life Science Property Fund, a $3 billion life science real estate property investment program.
  • KKR in the formation of KKR North America Fund XIII, a $19 billion fund focused on pursuing opportunistic private equity investments in North America.
  • Resonetics, a leader in micro-manufacturing for the medical device and diagnostics equipment, in its acquisition of EaglePicher Medical Power, a medical device manufacturer.
  • Carlyle in the formation of Carlyle Credit Opportunities Fund II, a $4.6 billion credit opportunities fund.
  • Carlyle in its strategic partnership with Orsini, an independent specialty pharmacy focused on rare diseases, gene therapies and complex conditions.
  • Spirit Airlines in its merger, later terminated, with Frontier Group Holdings, parent company of Frontier Airlines, in a transaction valued at $6.6 billion.
  • Morgan Stanley Capital Partners in the sale of 24 Seven, a leading provider of digital marketing and creative staffing solutions, to a single asset GP-led continuation fund vehicle managed by an affiliate of MSCP.
  • Carlyle in its investment in Resonetics, a leader in micro-manufacturing for the medical device and diagnostics equipment industries, valuing the company at approximately $2.25 billion.
  • Carlyle in its acquisition of a majority stake in Saama, a leading AI-driven intelligent clinical cloud company that enables the life sciences industry to conduct faster and safer clinical developments and regulatory programs.
  • Lone Wolf, a Stone Point Capital portfolio company, in its acquisition of Propertybase, a leading global real estate and mortgage software company.
  • Citizens Financial in its acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank USA, N.A.
  • Spirit Airlines in its common stock offering of over 10.5 million shares, $500 million aggregate principal amount of new convertible notes offering 1.00% convertible senior notes due 2026, $146.8 million repurchase of its existing 4.75% existing convertible senior notes due 2025 and redemption of $340 million of its existing 8.00% senior secured notes due 2025.
  • Kelso & Company in its acquisition of Ferraro Foods, a specialty foodservice distributor.
  • Unum Group in its agreement to reinsure a substantial portion of its Closed Individual Disability Insurance Block business to a subsidiary of Global Atlantic.
  • Cornell Capital and Hudson Structured Capital Management in their acquisition of a majority interest in Vault Insurance.
  • Cornell Capital and its portfolio company Spectrum Automotive Holdings in their acquisition of CARS Protection Plus, a leading provider of vehicle service contracts.
  • Carlyle in its majority investment in TriNetX, a leading global health research network optimizing clinical research to bring new therapies to market faster.
  • Carlyle in its $175 million investment in Grand Rounds, a leader in healthcare quality and clinical navigation.
  • Gogo, the leading inflight Internet company, in the successful sale of its commercial aviation business to Intelsat, which was in Chapter 11 at the time of the transaction.