Kirkland Advises Form Technologies on Acquisition by Ares Management

Kirkland & Ellis advised precision-engineered components producer Form Technologies, Inc. on the acquisition of a majority of the company's common equity by Ares Management funds. In connection with the transaction, Form Technologies has substantially deleveraged its balance sheet and received approximately $304 million in new equity capital, comprising $154 million of common equity from investors including Ares, the D. E. Shaw group and Onex Credit, as well as $150 million of preferred equity from the D. E. Shaw group and Ripple Industries. The new capital is expected to support additional investment in Form Technologies' leading operational capabilities and accelerate the company's commercial strategy.

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The Kirkland team included restructuring lawyers Chad Husnick and Alex McCammon; debt finance lawyers Austin Witt, James Dickson and Julia Choi; corporate lawyers Duncan Enista, Michael Weisser and Aubrey Trudeau; capital markets lawyer Drew Maliniak; and tax lawyers Jared Rusman and Alee Jamel.