Kirkland & Ellis advised Nordic Capital, a leading private equity investor, on the acquisition by an equity consortium led by Nordic Capital of Inovalon (Nasdaq: INOV), a leading provider of cloud-based platforms empowering data-driven healthcare, for approximately $7.3 billion. The consortium includes Insight Partners, as lead co-investor, 22C Capital, and Inovalon founder and Chief Executive Officer Keith Dunleavy, M.D. and certain Class B stockholders of Inovalon. Upon completion of the transaction, Inovalon will become a private company with greater flexibility to focus on strategies that drive innovation and global market development. The transaction is expected to close in late 2021 or early 2022 and is subject to customary closing conditions.
The Kirkland team was led by corporate partners Constantine Skarvelis, David Feirstein, Joshua Ayal and Armand Della Monica, and debt finance partners Jason Kanner and Daniel Amato.