Apax Funds’ Acquisition of SavATree

Kirkland & Ellis advised funds advised by Apax on the deal, while Paul, Weiss advised SavATree.

Funds advised by Apax (the “Apax Funds”) have reached an agreement to acquire SavATree, a leading, professional tree, shrub and lawn care provider, from CI Capital Partners. The transaction is subject to customary closing conditions and is expected to close in Q4 2021. Terms of the transaction were not disclosed.

SavATree was founded in 1978 and is headquartered in Bedford Hills, New York. SavATree is committed to an environmentally sensible approach to tree, shrub and lawn care services and has been caring for residential, commercial and government properties for over 40 years. The company services customers in 27 states through 58 locations.

The Apax Funds, in partnership with SavATree’s leadership team, will strive to accelerate the company’s already impressive growth trajectory both organically and through strategic M&A, while continuing to deliver the highest level of customer care and service. SavATree has built a strong reputation across the U.S. by focusing on customer service and environmental sustainability.  The Apax Funds will support the company to drive their success.

The Kirkland team was led by corporate partner Sri Kaushik (Picture) and associates Adarsh Varghese and Adam Holzschuh. The team also included corporate partners Adam Clifford and Maggie Flores and associates Paul Fife and Sagun Poudyal, tax partners Sara Zablotney and Adam Kool and associate Charles Roarty, and debt finance partners Jay Ptashek and Andrew Idrizovic.

The Paul, Weiss team included corporate partners Carl Reisner and Catherine Goodall and counsel Julie Martinelli and Ji Lu; executive compensation partner Andrew Gaines and counsel Nicole Tark and Reuven Falik; tax partner Scott Sontag; intellectual property partner Claudine Meredith-Goujon; real estate partner Peter Fisch; litigation counsel Steven Herzog; and antitrust counsel Marta Kelly.

Involved fees earner: Adam Clifford – Kirkland & Ellis; Paul David Fife – Kirkland & Ellis; Maggie Flores – Kirkland & Ellis; Adam Holzschuh – Kirkland & Ellis; Andrew Idrizovic – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; Adam Kool – Kirkland & Ellis; Sagun Poudya – Kirkland & Ellis; Jay Ptashek – Kirkland & Ellis; Charles Roarty – Kirkland & Ellis; Adarsh Varghese – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Catherine Goodall – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Ji Lu – Paul Weiss Rifkind Wharton & Garrison; Julie Martinelli – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Carl Reisner – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Nicole Tark – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Kirkland & Ellis; Paul Weiss Rifkind Wharton & Garrison;

Clients: Apax Partners; SavATree;

Author: Martina Bellini