Kirkland Advises Portage on $40 Million Growth Capital Investment in P97 Networks

Kirkland & Ellis advised Portage Capital Solutions, a global investment platform focused on the fintech and financial services sectors, on its lead role in a $40 million equity financing, with participation from existing investors, in P97 Networks, the leading mobile commerce and digital marketing platform provider to the convenience retail, auto industry and fuel market. The capital, which will come from the recently launched Portage Capital Solutions strategy, will fuel strategic growth initiatives at P97 that will further establish the company as the leader in payment and loyalty solutions for mobility-focused retailers.

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The Kirkland team was led by corporate partners Michael Movsovich, Adam Phillips and Ari Levi and associates Benjamin Jain and Travis Gidado. The team also included technology & IP transactions partners John Lynn and Daisy Darvall and associate Rebecca Brandel; tax partner David Kung and associate Allison Bray; employment & labor partner Sydney Jones and associate Jackson Phinney; employee benefits partner Robert Zitko and associate Jack Amaro; executive compensation partner Rohit Nafday and associate Daniel Rios; international trade partner Luci Hague and associate Erika Krum; and banking regulatory partner Edwin del Hierro.