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Kirkland Expands Private Equity Practice With Ropes Hire (1)

Sept. 27, 2021, 4:55 PMUpdated: Sept. 27, 2021, 5:40 PM

Kirkland & Ellis has hired private equity lawyer Laura Steinke, from Ropes & Gray, as a partner in its New York office.

Steinke represents private equity sponsors and their portfolio companies in structuring and negotiating leveraged buyouts, joint ventures, strategic investments and dispositions.

“Laura is an extremely talented and fast-rising star in the private equity legal world,” said Jon Ballis, chairman of Kirkland’s Executive Committee, in a statement.

“Laura represents some of the most prominent private equity sponsors in the world, and has built a reputation as a go-to advisor for complex deals,” added Peter Martelli, a corporate partner in the New York office and a member of Kirkland’s Executive Committee.

Steinke earlier this year helped lead a Ropes & Gray team that advised PQ Group Holdings involving a $1.1 billion acquisition by Cerberus Capital Management and Koch Minerals & Trading of its PQ Performance Chemical business. She also was involved in investor group Bain Capital’s acquisition of U.S. Renal Care, Inc., a leading provider of dialysis services for patients with end-stage renal disease.

Kirkland continues to expand its large private equity practice, which has more than 500 private equity sponsors and generates one of the largest deal flows among law firms. The firm has about 260 partners focused on private equity M&A around the world.

In early September, Kirkland added M&A specialist Bradley Friedman from Wilkie Farr & Gallagher as a partner in private equity in New York.

(Updated with information on PQ Group Holdings deal.)

To contact the reporter on this story: Elizabeth Olson at egolson1@gmail.com

To contact the editor on this story: Chris Opfer at copfer@bloombergindustry.com;
John Hughes at jhughes@bloombergindustry.com