Wafra And Landmark Partners’ Minority Investment In Siris Capital Group


Kirkland & Ellis represented leading private equity firm Siris Capital, which received strategic minority investments by affiliates of Wafra Inc. and Landmark Partners, LLC.

The investors will acquire passive, non-voting minority stakes and will provide capital to support Siris’ strategic initiatives, including the repurchase of an existing minority participation stake that was issued at the firm’s inception.

The transactions follow the recent closing of Siris’ latest buyout fund at $3.45 billion. Pursuant to the transactions, the investors will acquire passive, non-voting minority stakes and will provide capital to support Siris’ strategic initiatives, including the repurchase of an existing minority participation stake that was issued at the firm’s inception. The investments will have no impact on the day-to-day management or operations of Siris. The terms of the transactions were not disclosed.

Goldman Sachs & Co. LLC and Berkshire Global Advisors advised Siris on the transaction. Kirkland & Ellis LLP served as legal counsel to Siris. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Wafra.

The Kirkland team was led by investment funds partners Robert Blaustein (Picture) and Jordan Murray and transactional partner Amanda Border. The team also included transactional partners Christian Atwood and Duncan McKay and associates Serena Shi, Cory Lewis and Blair Baker; investment funds partners Stefan Paulovic and Derek Pease and associates Ray Xu and and Jean Jong; tax partner David Grenker and associates Justin Barbosa and Max Gektin; international trade and national security partner Mario Mancuso and associate Lucille Hague; and government regulatory and internal investigations partner Nick Niles.

Involved fees earner: Christian Atwood – Kirkland & Ellis; Blair Baker – Kirkland & Ellis; Robert Blaustein – Kirkland & Ellis; Amanda Border – Kirkland & Ellis; Max Gektin – Kirkland & Ellis; David Grenker – Kirkland & Ellis; Lucille Hague – Kirkland & Ellis; Jean Jong – Kirkland & Ellis; Cory Lewis – Kirkland & Ellis; Mario Mancuso – Kirkland & Ellis; Duncan McKay – Kirkland & Ellis; Jordan Murray – Kirkland & Ellis; Nick Niles – Kirkland & Ellis; Stefan Paulovic – Kirkland & Ellis; Derek Pease – Kirkland & Ellis; Serena Shi – Kirkland & Ellis; Ray Xu – Kirkland & Ellis; Justin Barbosa – Sidley Austin LLP;

Law Firms: Kirkland & Ellis; Sidley Austin LLP;

Clients: Siris Capital Group, LLC.;

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Author: Ambrogio Visconti