BDT Capital Partners’ Acquisition of Commercial Credit


Kirkland & Ellis advised Lovell Minnick Partners, LLC and Commercial Credit, Inc. on the deal

Commercial Credit, Inc., an equipment and accounts receivable finance company and the parent company of Commercial Credit Group Inc. and Commercial Funding Inc., and a portfolio company of Lovell Minnick Partners, has partnered with BDT Capital Partners, a merchant bank that provides family- and founder-led businesses with long-term, differentiated capital, who will be making a majority equity investment in the company.

With this transaction, Commercial Credit, Inc., one of the largest independent commercial finance companies, will continue to expand its equipment and accounts receivable financing businesses.

The transaction is expected to close in the first quarter of 2019 and is subject to customary closing conditions. Keefe, Bruyette & Woods, Inc. and Ardea Partners LP advised the Company in connection with the transaction.

Kirkland & Ellis advised Lovell Minnick Partners, LLC and Commercial Credit, Inc. with a team including transactional partners Hamed Meshki and Luke Guerra, and included transactional associates Michele Cumpston, Caleb Vesey and Nikita Patel, debt finance partners David Nemecek and Aditi Iyer and associate Paige Scheckla, tax partners Michael Beinus and Ryan Roberts, employee benefits partner Matthew Antinossi and associate Adria Crowe, labor and employment partner Edward Holzwanger, executive compensation partner Michael Krasnovsky and associate Malhar Naik, technology & IP transactions partner Matthew Lovell, environmental transactions partner Stefanie Gitler, real estate partner Roberto Miceli and associate Mark Phillip, international trade partner Mario Mancuso and associate Luci Hague, and antitrust partner Carla Hine and associate Kelsey Laugel.

Involved fees earner: Matthew Antinossi – Kirkland & Ellis; Michael Beinus – Kirkland & Ellis; Adria Crowe – Kirkland & Ellis; Michele Cumpston – Kirkland & Ellis; Stefanie Gitler – Kirkland & Ellis; Luke Guerra – Kirkland & Ellis; Luci Hague – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Edward Holzwanger – Kirkland & Ellis; Aditi Iyer – Kirkland & Ellis; Michael Krasnovsky – Kirkland & Ellis; Kelsey Laugel – Kirkland & Ellis; Matthew Lovell – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Hamed Meshki – Kirkland & Ellis; Roberto Miceli – Kirkland & Ellis; Malhar Naik – Kirkland & Ellis; David Nemecek – Kirkland & Ellis; Nikita Patel – Kirkland & Ellis; Mark Andrew Phillip – Kirkland & Ellis; Ryan Roberts – Kirkland & Ellis; Paige Scheckla – Kirkland & Ellis; Caleb Vesey – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Commercial Credit Inc.; Lovell Minnick Partners;

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Author: Ambrogio Visconti