Nesco’s $1.1 Billion Combination With Capitol Investment Corp. IV


Kirkland & Ellis advised Nesco Holdings I, Inc., a company owned by funds managed by Energy Capital Partners, on its combination with Capitol Investment Corp. IV (NYSE: CIC), a special purpose acquisition company.

Nesco, a leading provider of specialty rental equipment to the electric utility, telecom and rail end markets, will become a publicly listed company with an anticipated initial enterprise value of approximately $1.1 billion.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC served as financial and capital markets advisors to Capitol, while Morgan Stanley & Co. LLC served as exclusive financial advisor to Nesco. Latham & Watkins LLP and Graubard Miller acted as legal advisors to Capitol and Kirkland & Ellis LLP acted as legal advisor to Nesco and ECP.

The Kirkland team was led by transactional partners Bill Benitez (Picture) and Cyril Jones and associate Rob Goodin; capital markets partners Brooks Antweil and Christian Nagler and associate Mark Kam; debt finance partners Jason Kanner and Chad Nichols; and tax partner Mark Dundon and associate William Dong.

Involved fees earner: Brooks Antweil – Kirkland & Ellis; William Benitez – Kirkland & Ellis; William Dong – Kirkland & Ellis; Mark Dundon – Kirkland & Ellis; Robert Goodin – Kirkland & Ellis; Cyril Jones – Kirkland & Ellis; Mark Kam – Kirkland & Ellis; Jason Kanner – Kirkland & Ellis; Christian Nagler – Kirkland & Ellis; Chad Nichols – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Nesco;

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Author: Ambrogio Visconti