Kirkland advised funds affiliated with Madison Dearborn Partners, LLC, a leading private equity firm, on the acquisition of Benefytt Technologies, Inc. (NASDAQ: BFYT), a health insurance technology company and leading distributor of Medicare-related health insurance plans, in an all-cash transaction. Following completion of the transaction, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq Global Select Market. The closing of the acquisition is subject to customary conditions and is expected to occur in the third quarter of this year.
Read the company press release from Benefytt Technologies
The Kirkland team was led by transactional partner Adam Clifford with support from transactional partners Richard Campbell, Sarkis Jebejian, Bob Hayward, James Hu and Kevin Frank.