KKR & Co. Inc. (NYSE:KKR) entered into a definitive agreement to acquire Atlantic Aviation FBO Inc from Macquarie Infrastructure Corporation (NYSE:MIC) for $4.5 billion on June 7, 2021. The transaction will be settled in cash and assumed debt and reorganization obligations. A termination fee of $88 million to be paid by Macquarie Infrastructure to KKR. A reverse termination fee of $193.88 million will be paid by KKR. The transaction is subject to customary regulatory approvals and approval from MIC shareholders. The board of directors of MIC unanimously recommends its shareholders to vote for the approval of the transaction. As of September 21, 2021, the shareholders of Macquarie Infrastructure Corporation has approved the deal. The transaction is expected to close in the fourth quarter of 2021. As of September 21, 2021, the closing of the transaction is expected on September 23, 2021. Lazard and Evercore acted as financial advisors and White & Case acted as legal advisor to MIC. Chris Yonan, Nick Fazioli and Justin Friesen of Jefferies LLC served as financial advisor and John D. Pitts, P.C.; Andrew T. Calder, P.C.; Kyle M. Watson; Stephen S. Noh; Ed Vaunder; Jack Kelly; Camille Elizabeth Walker; Justin W. Clune; Carter Matthew Johnston; Scott Myers; Nnamdi Ezenwa; Austin Johnson; Ian K. Morrison; Jessica Stenglein; Dylan Drex Treadwell; Markus Wang; Lucas Edward Spivey, P.C.; Roald Nashi, P.C.; Jordan Roberts; Robert B. Warfield; Osaro Aifuwa; Charles H. Martin; Sean Andrew Minorini; Matt Pacey, P.C.; Bryan D. Flannery; Atma Kabad; David Wheat, P.C.; Ryan Douglas Phelps; R.D. Kohut; Christine A. Lacku; Nick Ustaski; Paul Vasiloff; Alexandra Mihalas; Chris Chase; J. Robert Fowler, P.C.; Katherine M. Baker; Chelsea Bedotto; Matthew S. Wheatley; Ellen M. Jakovic; Mario Mancuso, P.C.; Luci Hague; Andrew R. Van Noord, P.C.; Callie Jones Poorman; Daniel Egel-Weiss; Jonathan E. Kidwell; Ty'Meka M. Reeves-Sobers; Courtney Tibbetts; Shellie Freedman; Roger (RJ) McLaughlin; Nick Niles; H. Boyd Greene; Brooksany Barrowes; Nicholas Gladd; Anna Geml; Sandra C. Goldstein, P.C.; Byron Pacheco; Hannah Geis of Kirkland & Ellis as legal advisor to KKR. Okapi Partners LLC acted as proxy solicitor to Macquarie Infrastructure Corporation.

KKR & Co. Inc. (NYSE:KKR) completed the acquisition of Atlantic Aviation FBO Inc. from Macquarie Infrastructure Corporation (NYSE:MIC) on September 23, 2021.