Hybrid Capital Solutions

Related Professionals

Overview

Kirkland’s Hybrid Capital Solutions group focuses on bespoke private solutions that include structured and preferred equity and private credit, as well as opportunistic credit and complex structured and other hybrid credit products. Our team leverages its access to extensive data across its industry-leading platforms and established asset-level experience to partner with clients in designing tailored solutions for complex situations.

Drawing on the Firm’s market-leading strength across M&A, finance, tax, restructuring and regulatory practices, we develop capital structures that are both commercially viable and strategically aligned with sponsor objectives. From structuring and negotiating capital infusions to optimizing long-term capital stacks, we support investors, sponsors and companies in achieving transformative growth through sophisticated, customized financing strategies.

Kirkland Advises Blackstone on Equity Investment in Rogers Communications Inc.
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Experience

Structured Equity

  • Brookfield Infrastructure Partners in its $30 billion joint venture with Intel Corp. (Nasdaq: INTC) to jointly fund Intel’s under-construction semiconductor fabrication facility in Chandler, Arizona
  • Blackstone in its CDN$7 billion acquisition of a minority stake in a subsidiary of Rogers Communications formed to own Rogers’ wireless backhaul network in Ontario and Alberta
  • KKR in its agreement with NextEra Energy Partners (NYSE: NEP) to acquire a $900 million equity interest in a newly formed partnership with NEP
  • EQT Corporation (NYSE: EQT) on a definitive agreement with Blackstone Credit & Insurance to form a new midstream joint venture consisting of EQT’s ownership interest in Mountain Valley Pipeline

Preferred Equity

  • Bain Capital, as lead investor, in the $2.1 billion capital raise for Acrisure, a provider of fintech
  • Ares Management, alongside Public Investment Fund PIF, in its £400 million preferred equity investment in McLaren Group, a luxury automotive, motorsport and technology company
  • Greenoaks in a minority investment with Coupang in the acquisition of Farfetch (NYSE: FTCH), an online luxury company
  • Macquarie Asset Management in its investment in Pavlov Media, a provider of fiber-based internet connectivity to off-campus student housing

Private Credit

  • Oaktree Capital Management on a $160 million senior secured debt facility to B. Riley Financial, Inc. (Nasdaq: RILY) to retire outstanding debt under its credit agreement and for working capital purposes
  • Bedrock Industries Management Co. on providing a five-year $150 million debt and structured equity financing for Aymium
  • Blackstone Energy Partners in its financing commitment to support Xpansiv, a market-infrastructure platform for global carbon and environmental commodities
  • Fortress Investment Group in its term loan financing and related restructuring (through an assignment for the benefit of creditors) of Theranos

#1 Global and U.S. Private Equity Transactions by Deal Value

Bloomberg M&A Legal Advisory Rankings, FY 2024

Law Firm of the Year in North America, Europe and Asia (Transactions)

Private Equity International (PEI) Awards, 2023

North American Digital Infrastructure Deal of the Year

IJ Global Awards, 2022