Kirkland Advises TKE on Investment by Alat and Formation of Joint Venture
Kirkland & Ellis has advised TK Elevator (TKE) and its majority shareholders on an investment by Alat in the TKE Group as well as the formation of a joint venture between the TKE Group and Alat.
As a result of the investment, Alat will become a shareholder of TKE with a 15% stake and a member of the investor consortium. Moreover, the joint venture led by TKE will offer elevator and escalator solutions in Saudi Arabia and the EMEA region and manufacture and distribute these products there.
Both transactions are expected to be completed by the end of the third quarter of 2025, subject to customary approvals.
The Kirkland team included transactional lawyers Benjamin Leyendecker, Philip Goj, Sebastian Pitz, Dan Clarke, Noor Al-Fawzan, Christina Albath, Chiara Schmid, Saud AlArifi and Noura Abdulrahman; antitrust & competition lawyers Matthew Sinclair-Thomson and Thomas McGrath; capital markets lawyer Antoine Lebienvenu; debt finance lawyers Christopher Shield and Thomas Raftery; tax lawyers Michael Ehret and Florian Schütte; and technology & IP transactions lawyers Emma Flett, Ben Zeris and Calum Parfitt.
