21 03 2016

Connecture's $52 Million Funding Round

Connecture was advised by Raymond James and DLA Piper LLP (US), and Francisco Partners was advised by Kirkland & Ellis LLP.


Connecture, Inc. (NASDAQ:CNXR), a provider of web-based information systems used to create health insurance marketplaces, has executed a definitive agreement for a $52 million investment to strengthen its financial profile through reduced leverage and accelerate its growth opportunities. The investment will be led by Francisco Partners, a leading global private equity firm. The transaction, which is subject to customary closing conditions, including approval by the Company’s shareholders, also includes an investment from existing shareholder Chrysalis Ventures, which will increase its investment in the Company.  At closing, Connecture will issue and sell Series A preferred stock, which shall be convertible into the Company’s common stock. The Kirkland team was led by corporate partners Adam Phillips (Picture), Josh Korff and Ross Leff Involved fees earner: Adam Phillips - Kirkland & Ellis; Joshua Korff - Kirkland & Ellis; Ross Leff - Kirkland & Ellis;

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