Kirkland Advises Alpine Investors on $3.4 Billion Single-Asset Continuation Transaction

Kirkland & Ellis advised Alpine Investors on the completion of a $3.4 billion single-asset continuation fund transaction to continue its partnership with Apex Service Partners, an HVAC, plumbing and electrical services provider and current portfolio company of Alpine Investors VII and VII-A. The transaction is solely dedicated to the expansion of Apex and underscores Alpine’s commitment to facilitating the next stage of growth for the company, as well as Alpine’s dedication to offering liquidity to its limited partners. Alpine’s Fund IX invested $450 million in Apex alongside the continuation fund.

The Kirkland team was led by investment funds partners Mark Boyagi, Paul Watt, Eric Fischer and Zeke Couch; corporate partner Garrett Lorentz; and investment funds associates Michael Brar, Myunghee Sim, Alex Burt, David Yona and Casey Bond, with assistance from investment funds associates Victor Ghazal and Alex Roggio; corporate partner Sean Kramer and associates Jacob Reichman and Drew Kemp; investment funds regulatory partners Matt Cohen and Radhika Kshatriya; tax partners Alec Campbell and Brandon Short and associate James Collins; and executive compensation partners Rohit Nafday, John Kleinjan and Anthony Ji and associate Annemarie Mierzejewski.