Kirkland & Ellis advised private equity firm MidOcean Partners in the sale of its majority interest in LegalShield, a provider of legal plans and identity theft solutions, to private equity firm Stone Point Capital LLC. MidOcean will retain a minority stake in the business. The deal is expected to close in the second quarter of 2018 and financial terms were not disclosed. Read more about the deal here. Kirkland also advised longtime client MidOcean in its 2011 take-private of LegalShield (then known as Pre-Paid Legal).
The Kirkland team was led by corporate partners George Stamas, Mark Director and Andrew Herman, corporate associate Meredith Klionsky, and tax partners Thomas Evans and Michael Krasnovsky.