Kirkland & Ellis Advises TK Elevator On €160M Joint Venture With Alat

(MENAFN- Mid-East Info) RIYADH: Kirkland & Ellis has advised TK Elevator (TKE), a global leader in vertical transportation and urban mobility with annual sales exceeding €9 billion, and its majority shareholders on an investment by Alat, a Saudi Public Investment Fund (PIF) company, in the TKE Group, as well as the formation of a €160 million joint venture (JV).

As part of the transaction, Alat will acquire a 15% stake in TKE, becoming a shareholder and member of the investor consortium, underscoring confidence in TKE's operational strength and long-term value creation potential. Additionally, the JV-led by TKE-will bring advanced mobility products, solutions, and manufacturing capabilities to Saudi Arabia and the broader EMEA region, supported by a local product development center.

Both transactions are expected to be completed by the end of the third quarter of 2025, subject to customary approvals.

The Kirkland team advising the clients included transactional lawyers Benjamin Leyendecker, Philip Goj, Noor Al-Fawzan, Sebastian Pitz, Dan Clarke, Christina Albath, Chiara Schmid, Noura Abdulrahman and Saud AlArifi, 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 as well as technology & IP transactions lawyers Emma Flett, Ben Zeris and Calum Parfitt.

About Kirkland & Ellis:

With a global platform of approximately 4,000 lawyers in 21 cities across the United States, Europe, the Middle East and Asia, Kirkland & Ellis provides elite legal advice and a relentless commitment to client service. Kirkland is a market-leader in each of its core practice areas, including private equity, M&A and other complex corporate transactions; investment fund formation and alternative asset management; restructurings; high-stakes commercial and intellectual property litigation; and government, regulatory and internal investigations.

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