Kirkland Advises Bain Capital Private Equity on Acquisition of ITP Aero from Rolls-Royce

Kirkland & Ellis is advising Bain Capital Private Equity on the acquisition of ITP Aero, an aero engine and gas turbine manufacturer, from Rolls-Royce for approximately €1.7 billion. Bain Capital Private Equity is leading a consortium of Spanish and Basque companies including SAPA and JB Capital. The deal is expected to close in the first half of 2022.

The Kirkland team was led by corporate partners Rory Mullarkey and Jacob Traff and included partners Ben Leyendecker and Ranesh Ramanathan and associates Ben Hai, Carmella Crinnion, Julian Holland and Ayca Yilmaz; debt finance partners Neel Sachdev, Sam Sherwood, Eric Wedel and Matthew Leist and associates Jerome Hoyle and Joe Patterson; capital markets partner Tim Cruickshank and associate Alborz Tolou; tax partners Tim Lowe and Sam Trowbridge; technology & IP transactions associates John Patten and Ben Zeris; and anti-trust & competition partner Paula Riedel and associates Annie Herdman, Athina Van Melkebeke, Krista Koskivirta and Samantha Jones.