Kirkland & Ellis and Debevoise & Plimpton advised on new investment in System One by Oaktree Capital Management and the StepStone Group.

System One, a leading provider of specialized, highly technical outsourced services and workforce solutions to end markets with critical infrastructure, received a new investment from funds managed by Oaktree Capital Management, L.P. and StepStone Group L.P. Financial terms were not disclosed. The investments will support System One’s continued growth strategy, strengthen its ability to serve clients, and create new opportunities across its expanding portfolio of services and solutions.

Kirkland & Ellis advised System One on the transaction.

The team included corporate lawyers Hamed Meshki, Karen Flanagan, Michael Chung, Guirgis Nasief, Tammy Adereti, Joseph Grib, Ellen Jeong, Jacob Turobiner and Thibault Bachelet; tax lawyers Mike Beinus, Devin Heckman and Allison Bray; and debt finance lawyers Brian Ford, Negin Fatahi, Jay Jemison and Will Gansler.

Debevoise & Plimpton advised StepStone Group on its strategic investment in System One.

The team was led by partner Kevin Schmidt and counsel David Iozzi and included partner Krishna Skandkaumar, counsel Keith Slattery and associates Victoria Li, Zachary Davidson, Daniel Langley Ari Gerber, Jackson Slaughter, Liz Srulevich and law clerk Alexandra Edidin, as well as tax partner Michael Bolotin and associate Shanna Adler, and antitrust partners Anne-Mette Heemsoth and Rebekah Scherr.