Kirkland & Ellis

Trinity Hunt Partners Establishes Healthcare Advisory Platform with Investment in Coker

Retrieved on: 
Tuesday, March 19, 2024
Consulting, Asset Management, Professional Services, Finance, Acceleration, Partnership, KPMG, Hospital, Trinity, Kirkland & Ellis

Trinity Hunt Partners, a growth-oriented private equity firm focused on services businesses, is pleased to announce a majority investment in Coker Group (“Coker”), a leading healthcare advisory firm serving hospitals, private and health system-affiliated physician groups, private equity-backed platforms, and ancillary healthcare entities.

Key Points: 
  • Trinity Hunt Partners, a growth-oriented private equity firm focused on services businesses, is pleased to announce a majority investment in Coker Group (“Coker”), a leading healthcare advisory firm serving hospitals, private and health system-affiliated physician groups, private equity-backed platforms, and ancillary healthcare entities.
  • Coker represents the foundational investment of Trinity Hunt’s healthcare advisory services platform.
  • Trinity Hunt’s investment and strategic expertise will support the platform’s growth initiatives, including execution of acquisitions, expansion of strategic service capabilities, investment in talent and technology, and acceleration of organic growth.
  • The firm is actively pursuing opportunities to invest in healthcare advisory businesses across the U.S.
    “We are thrilled to partner with Coker as the cornerstone of our healthcare advisory platform given the company’s people-first culture and longstanding track record of exceptional customer service,” said John Oakes, Partner at Trinity Hunt Partners.

Ronald Hewitt Joins Seward & Kissel’s Global Banking and Corporate Trust Group

Retrieved on: 
Monday, March 18, 2024
Finance, Consulting, Banking, Professional Services, Legal, Government, Russell Johnston, Private, Seward & Kissel, King & Spalding, University, Lawsuit, Kirkland & Ellis, Covington & Burling, Trustee, Multimedia, Kelley Drye & Warren

Seward & Kissel LLP announced today that Ronald A. Hewitt , formerly with Covington & Burling LLP, has joined the firm’s New York office as a partner in the Global Banking and Corporate Trust Group .

Key Points: 
  • Seward & Kissel LLP announced today that Ronald A. Hewitt , formerly with Covington & Burling LLP, has joined the firm’s New York office as a partner in the Global Banking and Corporate Trust Group .
  • View the full release here: https://www.businesswire.com/news/home/20240318527179/en/
    Ronald Hewitt Joins Seward & Kissel’s Global Banking and Corporate Trust Group (Photo: Business Wire)
    In a tenure spanning nearly two decades at Covington, Hewitt represented institutional clients in all aspects of finance, corporate restructuring, capital markets, and derivative transactions, as well as related regulatory compliance.
  • “Ron’s breadth of expertise in non-distressed and distressed financial transactions immediately strengthens our team in the Global Banking and Corporate Trust Group,” said Jim Cofer , managing partner of Seward & Kissel.
  • “Ron’s commercial approach to solving complex issues and his focus on delivering elite client service squarely align with the group’s core values,” added Gregg Bateman , head of Seward & Kissel’s Global Banking and Corporate Trust Group.

Comvest Partners Announces Close of Sixth Flagship Private Equity Fund at $881 Million

Retrieved on: 
Tuesday, March 19, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Consultant, Partnership, CIP, History, LLP, Insurance, Fund, Kirkland & Ellis, Financial services

Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.

Key Points: 
  • Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.
  • “We believe our successful fundraise reflects Comvest’s deep experience in the middle market, our nearly 25-year history of delivering results for our investors, and the strength of our private equity strategy.
  • “This fundraising milestone is a testament to the experienced and proven investment team we have built at Comvest,” said Maneesh Chawla, a Managing Partner of Comvest and head of the firm’s private equity strategy.
  • Kirkland & Ellis LLP served as legal advisor to Comvest in the formation of CIP VI.

Bermuda Risk Summit Continues to Attract Strong Showing of Overseas Delegates

Retrieved on: 
Monday, March 18, 2024
Banking, Accounting, Professional Services, Business, Thought Leadership, Fintech, Asset Management, Other Professional Services, Legal, Insurance, Finance, Consulting, Bermuda College, Synthetic media, AXA, NAIC, KPMG, INED, Amazon, Partnership, Risk, FIO, Eastern Kentucky University, Gold, Transport, Capital, BMA, KBRA, Food, EY, Faculty, BDA, Arch Capital Group, Gen Re, Student, Investment, Kirkland & Ellis, Florida State University, SS&C Technologies, International business, National Association, Recreation, Treasury, Economic development

The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, has once again had a strong showing of overseas support, with 40% of its 450-plus delegate-list attending from overseas.

Key Points: 
  • The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, has once again had a strong showing of overseas support, with 40% of its 450-plus delegate-list attending from overseas.
  • The immediate economic impact of the 2024 Bermuda Risk Summit, held at the Hamilton Princess & Beach Club, March 13-15, including lodging, transportation, food and beverage, retail and recreation was estimated at $3.4 million, supporting 432 jobs.
  • Far more significant were the long-term economic benefits brought about by the additional visitors who flew to Bermuda for business meetings during the week of the summit.
  • Fiona Luck, Lloyd’s Council Member, Convex Group INED said, “I congratulate the BDA on another successful Bermuda Risk Summit, further cementing Bermuda’s position as a globally significant insurance and reinsurance centre.

RRD Strengthens Marketing Services with Strategic Acquisition of Digital & Print Marketing Businesses from Vericast

Retrieved on: 
Monday, March 18, 2024
Consulting, Professional Services, Marketing, Advertising, Communications, Social Media, Transport, Search Engine Marketing, Digital Marketing, Logistics, Supply Chain Management, Content Marketing, Chase Bank, J. P. Morgan, RRD, Apollo, Bank, Social media, LLP, Acquisition, Digital, JPMorgan Chase, Latham & Watkins, RR Donnelley, Kirkland & Ellis

Donnelley & Sons Company (“RRD”), a global provider of marketing, packaging, print and supply chain solutions, today announced that it has entered into a definitive agreement to acquire digital and print marketing businesses from Vericast Corp (“Vericast”).

Key Points: 
  • Donnelley & Sons Company (“RRD”), a global provider of marketing, packaging, print and supply chain solutions, today announced that it has entered into a definitive agreement to acquire digital and print marketing businesses from Vericast Corp (“Vericast”).
  • The Vericast Digital Marketing & Technology business includes a sophisticated set of digital marketing solutions that includes: display advertising, contextual targeting, connected TV, dynamic mobile, digital out of home, social media marketing, email marketing, local search, and zero-party data capture.
  • The transaction also includes Vericast’s print marketing business, including shared mail and free-standing inserts, as well as digital and print coupon clearing business.
  • “The acquisition of these businesses strengthens RRD’s existing marketing creative execution with digital marketing capabilities and will move us closer to our client promise to enhance quality and elevate engagement across the full customer journey,” said Tom Quinlan, President and Chief Executive Officer of RRD.

H.I.G. Capital Signs Definitive Agreement to Acquire Alight’s Payroll and Professional Services Business

Retrieved on: 
Wednesday, March 20, 2024
Software, Banking, Networks, Accounting, Internet, Professional Services, Hardware, Technology, Other Professional Services, Human Resources, Finance, Other Technology, HR, Growth, Partnership, Payroll, Simpson Thacher & Bartlett, LLP, SAP, H.I.G. Capital, Guggenheim Partners, Investment, Kirkland & Ellis, Alight

Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire the Payroll and Professional Services Business (“Payroll & Professional Services” or the “Company”) of Alight, Inc. (“Alight”, NYSE: ALIT) for up to $1.2 billion.

Key Points: 
  • Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire the Payroll and Professional Services Business (“Payroll & Professional Services” or the “Company”) of Alight, Inc. (“Alight”, NYSE: ALIT) for up to $1.2 billion.
  • The Payroll and Professional Services Business is a leading global provider of technology-enabled payroll, human capital management, and professional services.
  • The Company provides a full suite of end-to-end technology and services, including U.S. and multi-country global payroll, HR administration & outsourced services, cloud technology advisory and deployment & application managed services.
  • “We are thrilled to partner with Luca and the entire Payroll & Professional Services team,” commented Matt Lozow, Managing Director at H.I.G.

I Squared Capital Closes Its Acquisition of WOW Logistics, a Leading Logistics and Supply Chain Services Provider in North America

Retrieved on: 
Friday, March 15, 2024
Finance, Food, Beverage, Supply Chain Management, Retail, Professional Services, Growth, Partner (business rank), Partnership, LLP, Acquisition, Transport, WOW, Ecosystem, Kirkland & Ellis, RJM, Warehouse

I Squared Capital (“I Squared”), a leading global infrastructure investment manager, announced its acquisition of WOW Logistics (“WOW”), a Wisconsin-based integrated supply chain solutions provider.

Key Points: 
  • I Squared Capital (“I Squared”), a leading global infrastructure investment manager, announced its acquisition of WOW Logistics (“WOW”), a Wisconsin-based integrated supply chain solutions provider.
  • Today, WOW is one of the largest food-grade temperature controlled and ambient storage operators in North America operating a network that spans over 223 million cubic feet of capacity.
  • That network serves as a critical link in the supply chain infrastructure needs of its customers.
  • “WOW Logistics is a great example of a family-owned business that has served its customers with excellence for decades.

Wind Point Partners Closes Fund X at $2.3 Billion Hard Cap

Retrieved on: 
Wednesday, March 13, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Partnership, Wind, Trust, Kirkland & Ellis, Investment, Wind Point, Wisconsin, LLP, Wind Point Partners

Wind Point Partners (“Wind Point”), a leading Chicago-based private equity firm, today announced the successful closing of its latest fund, Wind Point Partners X (“Fund X” or the “Fund”).

Key Points: 
  • Wind Point Partners (“Wind Point”), a leading Chicago-based private equity firm, today announced the successful closing of its latest fund, Wind Point Partners X (“Fund X” or the “Fund”).
  • Fund X closed at its hard cap with total commitments of $2.3 billion, exceeding the Fund’s $1.7 billion target.
  • The closing of Fund X coincides with Wind Point’s 40th anniversary and represents the firm’s largest fund to date, including a more than 50% increase to the 2019 predecessor fund.
  • With Fund X, Wind Point will seek to continue its long history of partnering with top caliber management teams to acquire well-positioned middle market businesses with a clear path to value creation.

Record Number of US Insurance Regulators Speaking at 2024 Bermuda Risk Summit

Retrieved on: 
Monday, March 11, 2024
Professional Services, Business, Thought Leadership, Other Professional Services, Insurance, Finance, Friends, KPMG, Transport, Investment, Treasury, Representative, AXA, Commissioner, Amazon, Partnership, FIO, Florida House, Gen Re, SS&C Technologies, National Association, Economic development, Risk management, Food, Arch Capital Group, App Store (iOS/iPadOS), Kirkland & Ellis, International business, NAIC, Gold, Capital, KBRA, EY, BDA, Google Play, Recreation, Financial services

The Bermuda Business Development Agency (BDA) looks forward to welcoming the heads of the National Association of Insurance Commissioners (NAIC) and US Department of Treasury, Federal Insurance Office (FIO) to the third annual Bermuda Risk Summit this week.

Key Points: 
  • The Bermuda Business Development Agency (BDA) looks forward to welcoming the heads of the National Association of Insurance Commissioners (NAIC) and US Department of Treasury, Federal Insurance Office (FIO) to the third annual Bermuda Risk Summit this week.
  • The Bermuda Risk Summit, presented by the Bermuda Business Development Agency (BDA), in partnership with the Association of Bermuda Insurers and Reinsurers (ABIR) and EY, will take place at the Hamilton Princess & Beach Club from March 13-15.
  • David Hart, CEO, BDA said, “We are extremely grateful for the level of support we have received from our industry partners and overseas friends.
  • An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions.

Patient Square Capital, a Leading Health Care-Focused Investment Firm, Agrees to Acquire NanoString Technologies

Retrieved on: 
Monday, March 11, 2024
Science, Software, Other Science, Research, Health, Health Technology, Technology, Genetics, Universe, Bankruptcy, NanoString Technologies, AlixPartners, Bankruptcy Code, Sale, LLP, United States bankruptcy court, OTC, Willkie Farr & Gallagher, Kirkland & Ellis, Kirkland

NanoString Technologies, Inc. (OTC: NSTGQ) (“NanoString” or the “Company”), a leading provider of life science tools for discovery and translational research, today announced that it has reached an agreement with Patient Square Capital (“Patient Square”), a prominent health care investment firm, pursuant to which Patient Square will serve as the “stalking horse” bidder in conjunction with a court-supervised sales process.

Key Points: 
  • NanoString Technologies, Inc. (OTC: NSTGQ) (“NanoString” or the “Company”), a leading provider of life science tools for discovery and translational research, today announced that it has reached an agreement with Patient Square Capital (“Patient Square”), a prominent health care investment firm, pursuant to which Patient Square will serve as the “stalking horse” bidder in conjunction with a court-supervised sales process.
  • Under the terms of the agreement, Patient Square intends to purchase substantially all assets of the Company’s global business operations as a going concern for $220 million.
  • “This agreement with Patient Square provides continuity for our scientific customers and employees, and represents an important step in our financial restructuring,” said Brad Gray, President & CEO of NanoString.
  • Patient Square is represented by Kirkland & Ellis LLP as counsel and Greenhill & Co as investment banker.