Simpson Thacher is representing KKR in connection with its agreement to acquire Gen II Fund Services, LLC from Hg, General Atlantic and other minority investors for a total enterprise value of $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, providing fund administration services to more than 275 investment managers representing over $2 trillion in assets, alongside a growing suite of tax, compliance, treasury and technology-enabled solutions.
The Simpson Thacher team included Naveed Anwar, Marni Lerner, Daisy Wu, Matt Suhosky, Nicholas Redfield, Mikayla Ullrich, William Morrow, Cynthia Wang and Corinna Kwok (M&A); Sophie Staples and Ruoxi Zhang (Tax); David Rubinsky, Kaitlin Hulbert and Chelsea Cantos (ECEB); Christopher Brown, Patrick Wolff, Brian Caldwell, and Kaitlin Dunne (Credit); Jamie Talbot, Dewey Kang and Priscilla Kim (IP/Cyber); Daniel Venditti (Labor); David Blass, Adam Aderton, Emma Rachmaninov, Meredith Abrams, Kris Kendall and Nicolas Valderrama (Asset Management); Peter Guryan, Étienne Renaudeau, Richard Jamgochian, Dani Rabinowitz, Conner Dwinell, Lucy Johnson and James Carrabino (Antitrust); Mick Tuesley, Jennifer Ho, Ryan Thomas and Rocquel Donofrio (Regulatory); and Toby Chun and Caylea Barone (Environmental).