Kirkland & Ellis LLP represented Apax Partners in the $1.4 billion going-private acquisition of The TriZetto Group, Inc., which closed on August 4, 2008. The transaction was originally announced on April 11, 2008. It is one of only six going-private transactions in excess of $1 billion in the United States to close in 2008 to date. Kirkland represented the private equity sponsor in two of the six transactions.
TriZetto customers BlueCross BlueShield of Tennessee and Regence Group (a consortium of BlueCross entities) provided a portion of the equity funding for the transaction. Royal Bank of Canada took the lead in arranging a syndicate for both the senior and the mezzanine debt financing.
Partners Kirk Radke and Kim Taylor led the deal team that included: associates Ariel Yehezkel, Christine Pope and Travis Troyer (corporate); partner Patrick Gallagher and associate Sara Zablotney (tax); partner Scott Price and associate Dean Bachus (executive compensation); partner Josh Korff (securities); partner Yosef Riemer and associates William Grignon, Mark Rasmussen and David Flugman (shareholder litigation); partner Scott Gordon (derivatives); partner Lisa Samenfeld and associates Rita Berandino, Jessica Kiser and Elizabeth Franke (IP); partner Alexandra Mihalas and associate Nicholas Lezak (ERISA); partner Jennifer Morgan and associates Christopher Hoffman and Ryan McCaffrey (real estate); partners Walter Lohmann and Tobias Chun (environmental); and partner Mark Kovner (antitrust).
Kirkland & Ellis LLP is a 1,400-attorney law firm representing global clients in complex corporate, tax, litigation, restructuring, and intellectual property and technology matters. The Firm has offices in New York, Chicago, Hong Kong, Los Angeles, London, Munich, Palo Alto, San Francisco and Washington, D.C.