Formation of $1.0 Billion Ford Financial Fund III, L.P.

Kirkland & Ellis represented Ford Management III, L.P. in forming Ford Financial Fund III, L.P., which was raised in less than three months and closed with more than $1.0 billion of commitments.

Fund III will backstop a rights offering by Mechanics Bank to provide financing for the acquisition by Mechanics Bank of Rabobank NA.

The Kirkland team was led by private funds partner Karen Sodke (Picture), and included private funds partner Bruce Ettelson and associates Arianne Freeman and Lilliana Lin; tax partner Donald Rocap and associate Carol Wang; investment management partners Scott Moehrke and Michael Chu; of counsel Julie Kunetka; and employee benefits partner Elizabeth Dyer.

Involved fees earner: Michael Chu – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Bruce Ettelson – Kirkland & Ellis; Arianne Freeman – Kirkland & Ellis; Julie Kunetka – Kirkland & Ellis; Lilliana Lin – Kirkland & Ellis; Scott Moehrke – Kirkland & Ellis; Donald Rocap – Kirkland & Ellis; Karen Sodke – Kirkland & Ellis; Carol Wang – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Ford Management III, L.P.;

Author: Ambrogio Visconti