Kirkland & Ellis advised Iliad Holding S.A.S., a company controlled by Xavier Niel, in connection with the debt financing of the simplified public tender offer for the shares of Iliad S.A., a company listed on Euronext Paris. The Iliad Group is one of the largest telecommunications companies in Europe, operating in France, Italy and Poland, offering fixed and mobile internet access and cloud services to more than 43 million subscribers. The tender offer resulted in a take-private transaction which was completed on October 14, 2021. As part of the transaction, Iliad Holding issued €3.7 billion (equivalent) four-tranche U.S. Dollar and Euro-denominated senior secured notes. This is the largest high-yield bond offering by a European issuer in 2021 to date. Read Iliad Press Release The Kirkland team was led by capital markets partners Cedric Van den Borren and Antoine Lebienvenu. The team also included capital markets partner Samita T. Ali-Khan and associates Serguei Chevtchenko and Elio Gaarthuis; tax partners Tim Lowe and Mike Carew and associates Anthony Antioch and Simona Brooks; investment funds partner Josh Westerholm and derivative partner Jaime Madell.