17 05 2016

Hellman & Friedman to Acquire MultiPlan

Simpson Thacher is representing Hellman & Friedman in connection with entering into a definitive agreement to acquire control of MultiPlan, Inc. from Starr Investment Holdings LLC and Partners Group. Kirkland & Ellis LLP represented MultiPlan and Starr Investment in the deal.


As part of the transaction, GIC and Leonard Green & Partners will invest alongside Hellman & Friedman, and each of Starr and Partners Group will retain minority investments in MultiPlan. Terms of the transaction were not disclosed.  MultiPlan, Inc. is the nation's largest provider of transaction-based solutions that reduce medical costs. The company provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse and fraud before payments are made. Clients include insurers, health plans, third party administrators, self-funded employers, HMOs and other entities that pay medical bills in the commercial healthcare, government, workers compensation and auto medical markets. The Simpson Thacher team includes Rich Capelouto (Picture), Atif Azher, Alexis Orenstein, Simon Chiu, Jinna Kwak, Jane Li, Casey Corr and Robert Fannion (M&A); Brian Steinhardt and Matthew Farrell (Credit); William Brentani and Ryan Coombs (Capital Markets); David Rubinsky, Jeannine McSweeney, Monisha Bhayana and Caitlin Lucey (Executive Compensation and Employee Benefits); Katharine Moir, Jason Vollbracht and Tanvi Mirani (Tax); Jeff Ostrow, Marcela Robledo and JaeWon Lee (Intellectual Property); Alexis Coll-Very, Brandon Martin and Matthew Telford (Regulatory); Peter Thomas, Ellen Frye, Elizabeth French and Elliot Weingarten (Competition); and Tim Mulvihill (Environmental). 
The Kirkland team was led by partners Eunu Chun, Leo Greenberg, David Beller, Eric Wedel, Dean Shulman, Vincent Thorn and Ross Leff.
Ropes & Gray advised GIC, Singapore’s sovereign wealth fund with a team including Anthony Norris and counsel Christopher Parsons.
  Involved fees earner: Richard Capelouto - Simpson Thacher & Bartlett; Atif Azher - Simpson Thacher & Bartlett; Alexis Orenstein - Simpson Thacher & Bartlett; Simon Chiu - Simpson Thacher & Bartlett; Jinna Kwak - Simpson Thacher & Bartlett; Jane Li - Simpson Thacher & Bartlett; Casey Corr - Simpson Thacher & Bartlett; Robert Fannion - Simpson Thacher & Bartlett; Brian Steinhardt - Simpson Thacher & Bartlett; Matthew Farrell - Simpson Thacher & Bartlett; William Brentani - Simpson Thacher & Bartlett; Ryan Coombs - Simpson Thacher & Bartlett; David Rubinsky - Simpson Thacher & Bartlett; Jeannine McSweeney - Simpson Thacher & Bartlett; Monisha Bhayana - Simpson Thacher & Bartlett; Caitlin Lucey - Simpson Thacher & Bartlett; Katharine Moir - Simpson Thacher & Bartlett; Jason Vollbracht - Simpson Thacher & Bartlett; Tanvi Mirani - Simpson Thacher & Bartlett; Jeffrey Ostrow - Simpson Thacher & Bartlett; Marcela Robledo - Simpson Thacher & Bartlett; Jae Won Lee Chung - Simpson Thacher & Bartlett; Alexis Coll-Very - Simpson Thacher & Bartlett; Brandon Martin - Simpson Thacher & Bartlett; Matthew Telford - Simpson Thacher & Bartlett; Peter Thomas - Simpson Thacher & Bartlett; Ellen Frye - Simpson Thacher & Bartlett; Elizabeth French - Simpson Thacher & Bartlett; Elliot Weingarten - Simpson Thacher & Bartlett; Timothy Mulvihill - Simpson Thacher & Bartlett; Eunu Chun - Kirkland & Ellis; Leo Greenberg - Kirkland & Ellis; David Beller - Kirkland & Ellis; Eric Wedel - Kirkland & Ellis; Ross Leff - Kirkland & Ellis; Dean Shulman - Kirkland & Ellis; Vincent Thorn - Kirkland & Ellis; Anthony Norris - Ropes & Gray; Christopher Parsons - Ropes & Gray;

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