Dechert Advises KKR on Significant Minority Investment in ghSMART

Dechert advised KKR, a leading global investment firm, on an agreement in which funds managed by KKR will acquire a significant minority stake in ghSMART, a leading global leadership advisory firm.

KKR's investment in ghSMART, through its Ascendant Fund as part of its Americas Private Equity platform, will support the firm's growth by expanding the client base, developing digital product offerings and enhancing the employee ownership program for all employees. ghSMART partners with CEOs, boards and investors to develop effective executive teams and support high-stakes leadership decisions. The founder, partners and employees will retain majority ownership, with the current management team, led by CEO Jeff McLean, continuing in their roles.

The Dechert team that advised KKR was led by corporate partners Ken Young and Stephanie Haas and included corporate associates Ranjini Ramesh and Mary Kate Alexandre; global finance partner Soo-ah Nah; tax partner David Passey; and employee benefits partner Howard Klein.

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