Kirkland & Ellis represented Bain Capital Insurance on the launch of employee benefits and pensions administration services business Aptia. The new company was created through the purchase of the U.S. health and benefits administration and U.K. pension administration businesses of Marsh McLennan-owned Mercer. Aptia will manage a U.S. employee benefits administration platform serving employees and retirees and one of the largest defined benefit pension administration platforms in the U.K. The combination will serve more than 5 million individuals across more than 1,100 clients. Bain Capital Insurance is the dedicated insurance investing unit of private investment firm Bain Capital.
The Kirkland team was led by corporate partners Rajab Abbassi and Aprajita Dhundia. The team also included corporate associates George Rawlinson, Marc Holloway, Damani Ashton, Jermaine Scott Cherry, Bing Yi Lim, Andrew McAlpine and Ece Osman; insurance regulatory partner Parimah Hassouri; tax partners Alan Walker, Mike Carew and Polina Liberman and associates Maria Clezy and Michael Farrell; technology and IP transactions partners Emma Flett, Joanna Thomson and Vladimir Khodosh and associates Alex Zapalowski, Samantha Bradley, Martin Schwertmann, Derek Ventling and Amani Carter Coutinho; and executive compensation partners Scott Price and Sally Ye and associate Matthew Mutino.