Dentons advises KKR on US$5.1 billion agreement to acquire Gen II Fund Services

London-Dentons is advising KKR as international counsel on its agreement to acquire Gen II Fund Services, LLC from Hg, General Atlantic and other minority investors for a total enterprise value of US$5.1 billion. Gen II will be acquired through KKR's Core Private Equity Strategy. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in 2027.

Gen II is a leading fund administrator serving the private markets industry. It provides fund administration services to more than 275 investment managers representing over US$2 trillion in assets, alongside tax, compliance, treasury and technology-enabled solutions.

Joseph Altendorff, Corporate partner at Dentons, said: "We are delighted to have supported KKR on this significant transaction. Delivering our work from instruction to signing on such an accelerated timeline required exceptional focus, responsiveness and collaboration across our teams, and demonstrates the strength of our multi-jurisdictional, cross-practice approach to complex cross-border M&A."

Dentons worked closely with lead counsel Simpson Thacher & Bartlett.

The Dentons team included Nigel Webber, Joseph Altendorff, Stephen Levy, Daniel Glantz and Evie Jones from the Corporate team, Hannah Harris, Claudia Pert, and Helena Rozman from the Employment team, Eleanor Hart, Ed Hunnisett and Aamirah Bhula from the Pensions team, and John Arey, Manisha Desai, and Sumithra Muttiah from the Real Estate team.

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