Kirkland Represents Carvana on $2.2 Billion Acquisition of ADESA U.S. Physical Auction Business from KAR Global

Kirkland & Ellis advised Carvana (NYSE: CVNA), the industry pioneer for buying and selling cars online, on its acquisition of ADESA’s US physical auction business (“ADESA U.S.”), a wholly owned subsidiary of KAR Global (NYSE: KAR), for $2.2 billion. ADESA U.S. is the second largest provider of wholesale vehicle auction solutions in the United States with 56 sites and approximately 4,500 corporate and operations team members. The transaction is subject to customary closing conditions.

Read the Carvana press release

The Kirkland team was led by corporate partners Edward Lee, Steven Li and Daniel Wolf and associates Jimin He, Rebecca Roach and Ericha Penzien and also included partner Romain Dambre and associate Monica Wang, debt finance partner Michelle Kilkenney and associates Emily Hogan and Alex Straka, capital markets partners Robert Goedert and Michael Keeley and associates Ashley Sinclair, Johnny Ellis, Chris Johnson and Laura Biliter, technology & IP transactions partner Shellie Freedman and associates Joanna Schlingbaum and Min Ryoo with support from partner Seth Traxler, real estate partner Jennifer Sheehan and associate Alexander Fischler, and environmental transactions partner Sara Michaelchuck Webber and associate Caitlin Meagher.