Kirkland Represents Bansk Group on Close of Inaugural Fund at $800 Million
Kirkland advised Bansk Group, a consumer-focused private investment firm, on the closing of its inaugural fund, Bansk Fund I (the “Fund”), with $800 million in capital commitments, taking total assets under management to approximately $1.5 billion, including co-investments. The Fund received strong support from a diverse range of high-quality global institutional investors.
The Fund has invested in four portfolio companies to date, and Kirkland acted as deal counsel to Bansk on three of these investments. In connection with the fundraising and M&A activities, Kirkland also advised Bansk on the closing of multiple deal-specific co-investment vehicles and deal-level and fund-level credit facilities.
Read the Bansk Group press release
The Kirkland team was led by investment funds partners Andrew Wright and Ray Xu and associate Josh Rabinovits; tax partners David Grenker and Timothy Campany and associate Dana Quinn; and investment funds regulatory partner Scott Moehrke and associate Tim Nolan. The Kirkland team was supported by corporate partners Michael Movsovich and Constantine Skarvelis; debt finance partners Aditi Iyer and Christopher Butler; and ESG & impact partner Mary Beth Houlihan.