GLP Capital Partners taps Kirkland & Ellis PE partner

Michael Steele has signed for a secondment into the firm, four sources said, with three of them noting that this is likely to lead to a permanent move out of the law firm at some point this year. One of the sources added that the details of the hire are still being finalised.

Steele has been a partner in Kirkland's London office since 2015, according to a previous statement from the firm. His practice focuses on private equity sponsors and financial investors across a broad range of complex corporate and financing transactions, including the full spectrum of public and private corporate transactions, M&A, real estate and financing, the same statement said. Before Kirkland, he worked at UK law firm Freshfields Bruckhaus Deringer and spent 12 months on the leveraged finance team at Goldman Sachs in 2010.

GLP has been a longstanding client of Steele's practice, according to the sources. In 2019, he advised the asset manager on the USD 18.7bn sale of its logistics business to Blackstone, according to a release.

The expected hire would mark the second move by a Kirkland partner to a client within a month, following London-based M&A partner Tom McCarthy's poaching by Triton Partners in December.

GLP Capital Partners declined to comment. Steele and Kirkland & Ellis did not respond to request for comment.

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