Kirkland advised MultiPlan, Inc., a market-leading, technology-enabled provider of end-to-end healthcare cost management solutions, and its largest shareholder, Hellman & Friedman affiliates, a preeminent global private equity firm, on the agreement to combine MultiPlan with Churchill Capital Corp III (NYSE: CCXX), a public investment vehicle. The combined company will operate as MultiPlan and will be listed on the NYSE. The transaction implies an initial enterprise value for MultiPlan of approximately $11 billion. The transaction is subject to customary closing conditions and is expected to be completed by the end of October 2020.
Read the joint press release from MultiPlan with Churchill Capital Corp III
The Kirkland team was led by transactional partners Richard Campbell, Emma Lange-Novak, Jon-Micheal Wheat and Matthew O’Brien, capital markets partners Christian Nagler and Peter Seligson, and tax partners Jared Rusman and Ryan Roberts.