Simpson Thatcher & Bartlett, Cravath Swaine & Moore and Bredin Prat have scored lead roles advising on Kohlberg Kravis Roberts’ (KKR) merger with KKR Private Equity Investors (KPE).
KKR’s longstanding adviser Simpson Thacher was instructed by the private equity house with New York partner Alan Klein leading a team from the firm.
Paris-based Bredin Prat partner Benjamin Kanovitch led a team from the firm advising KPE directors alongside US firm Cravath Swaine & Moore which advised the fund. Cravath New York partner Sarkis Jebejian led a team from the firm.
The deal will see KKR being listed on the Amsterdam Stock Exchange after Dutch-listed fund KPE approved the merger.
Kanovitch said: “Merging the US and Dutch entities was very challenging because we had to deal with a complex cross border issues. From a market perspective it is very impressive that KKR has been successful. The private equity industry has been under a lot of pressure and there are a lot of questions about what the industry will become. For this reason the deal is impressive.”
KKR has made plans to purchase all of KPE’s assets and liabilities in return for 70 per cent of the entity.