Simpson, Weil, Cravath on KKR’s landmark dual listing

Simpson, Weil, Cravath on KKR’s landmark dual listingThe world’s elite firms are jostling for position on Kohlberg Kravis Roberts’s (KKR) landmark dual listing in Amsterdam and New York.

A team from longstanding advisers Simpson Thacher & Bartlett led by partner Alan Klein is advising KKR on the listing, which is expected to raise between $15bn and $19bn and will see KKR merge with KKR Private Equity Investors, which listed on Euronext Amsterdam two years ago.

The combined group will then list on the New York stock exchange in the last quarter of the year.

Citigroup and Lazard are the financial advisers for KKR, and are both being advised by a Weil Gotshal & Manges team comprised of Michael Aiello, Thomas Roberts and London managing partner Mike Francies.

A team from French firm Bredin Prat led by corporate partners Patrick Dziewolski and Ben Kanovitch were lead counsel to the independent directors of KKR Private Equity.

Linklaters won the mandate to advise KKR on Dutch law, led by New York investment management partner Scott Bowie and counsel Wim Hazeleger in Amsterdam.

Simpson Thacher is also advising KKR, while Cravath Swaine & Moore is providing US counsel to KKR Private Equity independent directors. The Cravath team is led by partner George Stephanakis.

The float will see KKR Private Equity shareholders owning 21 per cent of the combined group, KKR owning 79 per cent.