The Firm is representing affiliates of KKR in connection with their agreement to acquire Neighborly, the world’s largest provider and franchisor of home service brands, from Harvest Partners. Financial terms of the transaction were not disclosed. KKR is making the investment from its North American private equity fund.
Founded in 1981, Neighborly is a leading home services platform that connects more than 10 million residential and commercial customers with a community of professional services focused on repairing maintaining and enhancing customers’ homes and properties. Through a portfolio of 28 brands, the Company offers a wide array of services including plumbing, pest control, restoration, electrical, cleaning, HVAC, home inspection and many more.
The Simpson Thacher team includes Marni Lerner, Christopher May, Jun Won Kim, Ngozi Nezianya and Austin Vance (M&A); Michael Ratay (Credit); Marcy Geller and Joseph Tootle (Tax); Tristan Brown, Harry Hudesman and Allison Sutherland (Executive Compensation & Employee Benefits); Timothy Mulvihill (Environmental); Genevieve Dorment, Corina McIntyre, Samuel Watters and Rachel June-Graber (Intellectual Property); Krista McManus (Real Estate); Steven DeLott (Insurance); and Peter Guryan, Étienne Renaudeau, Kelly Karapetyan, Max Fischer-Zernin and Ellie Fox (Antitrust). Summer Associates Sophie Kim and Matthew Kut also provided valuable assistance.