Kirkland & Ellis LLP
05/21/2026 | Press release | Distributed by Public on 05/21/2026 11:02
Kirkland Advises Authentic Brands on Acquisition of Lee
Kirkland & Ellis advised Authentic Brands Group on a definitive agreement to acquire the Lee business from Kontoor Brands, Inc. (NYSE: KTB) for up to $1 billion, including an initial transaction value of $750 million and a $250 million earnout opportunity in future years based on the performance of Lee under Authentic's ownership. The transaction is subject to required regulatory approvals and customary closing conditions and is expected to close in the second half of 2026.
Read the transaction press release
The Kirkland team included corporate lawyers Ravi Agarwal, Annie Cataldo, Halley Petersen and Michael Weisser; tax lawyer Sara Zablotney and Rachel Malhiet; and technology & IP transactions lawyers Adam Petravicius and Matt Darch.
Kirkland & Ellis LLP published this content on May 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 21, 2026 at 17:03 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]