Kirkland Advises CD&R and Permira Consortium on €2.2 Billion Acquisition of Majority Stake in Exclusive Networks

Kirkland & Ellis is advising CD&R and the consortium with Everest UK HoldCo Limited, an entity controlled by the Permira funds and the majority shareholder of Exclusive Networks, formed with a view to acquiring the shares of Exclusive Networks held by Everest UK HoldCo Limited and Olivier Breittmayer. The consortium will launch a simplified mandatory tender offer for the Exclusive Networks shares and will subsequently request the implementation of a squeeze-out if the legal conditions are met at the end of the offer.

The proposed transaction values 100% of Exclusive Networks’ share capital at €2.2 billion on a fully diluted basis. The acquisitions are conditioned upon the receipt of customary regulatory approvals. 

The Kirkland team is led by corporate partners Vincent Ponsonnaille, Adrian Maguire, Louis Gosset and Jessica Corr and associates Jack Evans, François Capoul, Clement Barnetche, William Blakeney and Josh Dubin; debt finance partner Kalish Mullen and associate Carla Bisoli; technology & IP transactions partner Jacqueline Clover and associates Elizabeth Brady, James Delacenserie and Corina Demeter-Olive; tax partners Siv Devakumar and Nadine Gelli; ESG & impact associate Lucia Saborío; and antitrust & competition partner Alasdair Balfour.