Kirkland & Ellis is advising longstanding private equity client Change Capital Partners on the sale of portfolio company Hillarys Blinds to Bellotto Acquisition. London-based corporate partner Matthew Hurlock is leading the deal. Kirkland was lead counsel for Change Capital, a privately owned company that focuses on mid-market deals throughout Western Europe, when it bought Hillarys from Close Brothers -Private Equity in 2004. At that time Hillarys, a provider of made-to-measure window blinds, cost £115m. It is now being sold for £225m.
Partner Tim Wright and associate Nick Brown of SJ Berwin are leading the team acting for Bellotto, a wholly owned subsidiary of pan-European closed-ended investment company European Capital.
A team from DLA Piper gave advice to Hillarys' management, although the company did not receive separate corporate advice to Change Capital on the deal.