Kirkland & Ellis advised Lovell Minnick Partners (LMP), a private equity firm investing in growth-oriented companies, on its recapitalization of Pathstone, an independently operated, partner-owned advisory firm offering comprehensive family office services and customized investment advice. The transaction included a new strategic equity investment from Kelso & Company (Kelso), a leading private equity firm focused on partnering with middle market companies. Kelso’s and LMP’s respective investments are expected to close during the second quarter of 2023 and are subject to customary closing conditions.
The Kirkland team was led by corporate partners Evan Roberts and Hamed Meshki, and included associates Kristina Mooradian and Veronica Shen; tax partners Joseph Tootle, Daniel Meehan and Michael Beinus and associates Dion Toledo and Keaton Bolton; and investment funds partners Michael Lee and Steve Yoo and associates Tim Nolan and Aura Grace Gilham.
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