Key Takeaways
- • White & Case LLP advised Ares Management funds on their preferred equity investment in Leaf Home, made alongside Gridiron Capital and co-investors, per the law firm's September 9, 2025 announcement.
- • The preferred equity investment was made in connection with Leaf Home's acquisition of Erie Home, which expands Leaf Home's position as the largest direct-to-consumer residential services and products provider across North America.
- • Gridiron will retain majority ownership of the combined company; Ares led the preferred equity investment in Leaf, which Gridiron supported with additional capital.
- • Apollo funds led the debt financing for the acquisition and recapitalization of Leaf, with participation from Ares.
Summary
Global law firm White & Case LLP has advised Ares Management funds ("Ares") on their preferred equity investment in Leaf Home alongside Gridiron Capital and co-investors, according to the firm's announcement dated September 9, 2025.
The equity investment was made in connection with Leaf Home's acquisition of Erie Home. The transaction expands Leaf Home's position as the largest direct-to-consumer residential services and products provider across North America and adds expanded capabilities and offerings for homeowners. Both Leaf and Erie are part of the Gridiron portfolio of companies, and Gridiron will retain majority ownership of the combined company.
Ares led a preferred equity investment in Leaf as part of the transaction, which Gridiron supported with additional investment. Apollo funds led the debt financing for the acquisition and recapitalization of Leaf, with participation from Ares. Ares describes itself as a leading global alternative investment manager offering primary and secondary investment solutions across credit, real estate, private equity and infrastructure.
The White & Case team was led by M&A partner Daniel Kozin in New York and included lawyers across multiple practices, including Tax, Debt Finance, Trade, Data Privacy & Cybersecurity, Financial Restructuring and Insolvency, and White Collar, among others.
The equity investment was made in connection with Leaf Home's acquisition of Erie Home. The transaction expands Leaf Home's position as the largest direct-to-consumer residential services and products provider across North America and adds expanded capabilities and offerings for homeowners. Both Leaf and Erie are part of the Gridiron portfolio of companies, and Gridiron will retain majority ownership of the combined company.
Ares led a preferred equity investment in Leaf as part of the transaction, which Gridiron supported with additional investment. Apollo funds led the debt financing for the acquisition and recapitalization of Leaf, with participation from Ares. Ares describes itself as a leading global alternative investment manager offering primary and secondary investment solutions across credit, real estate, private equity and infrastructure.
The White & Case team was led by M&A partner Daniel Kozin in New York and included lawyers across multiple practices, including Tax, Debt Finance, Trade, Data Privacy & Cybersecurity, Financial Restructuring and Insolvency, and White Collar, among others.
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