Kirkland & Ellis LLP represents MultiPlan, Inc., and Starr Investment Holdings, LLC, which today announced that affiliates of Hellman & Friedman have entered into a definitive agreement to acquire control of MultiPlan from Starr and Partners Group. MultiPlan is the industry’s most comprehensive provider of healthcare cost management solutions. Starr and Partners Group will retain minority investments in the company on behalf of their clients. Terms of the transaction were not disclosed. More information on the transaction is available here.
The Kirkland team is led by corporate partners Eunu Chun, Leo Greenberg and David Beller, debt finance partner Eric Wedel, tax partners Dean Shulman and Vincent Thorn and capital markets partner Ross Leff, with corporate associates David Rosenthal, Jayk Kooper and Grant Darwin, debt finance associate Douglas Wallach and tax associate Joe Tobias. J.P. Morgan Securities LLC serves as financial advisor to MultiPlan and the seller. Barclays, Goldman, Sachs & Co. and Simpson Thacher & Bartlett are advising Hellman & Friedman.