Latham Advises on US$4 Billion Private Debt Financing for Leaf Home’s Acquisition of Erie Home

Leaf Home (Leaf) has announced that it has acquired Erie Home (Erie), combining two of the foremost leaders in the direct-to-consumer (DTC) home solutions sector. The combination of these two organizations expands Leaf's position as the largest DTC residential services and products provider across North America and adds significantly expanded capabilities and offerings for homeowners. Both Leaf and Erie are part of the Gridiron Capital (Gridiron) portfolio of companies, and the firm has actively supported the significant, profitable organic growth of both Leaf and Erie since partnering with the founders of each company in 2016 and 2021, respectively. Gridiron will retain majority ownership of the combined company.

Latham & Watkins LLP represented Apollo and the other private credit lenders in the financing with a team led by partners Jesse Sheff and Erika Weinberg and counsel Clever Gallegos.