Kirkland Advises Metromile on Agreement to be Acquired by Lemonade
Kirkland & Ellis advised Metromile (NASDAQ: MILE), the data science company focused on auto insurance, on Metromile’s agreement to be acquired by Lemonade (NYSE: LMND), the insurance company powered by AI and social good, in an all-stock transaction that implies a fully diluted equity value of approximately $500 million. Under the terms of the transaction, Metromile shareholders will receive Lemonade common shares at a ratio of 19:1.
The Kirkland team was led by corporate partners Rajab Abbassi, Edward Lee and Tobias Schad and associates Frank Liu, Jermaine Scott Cherry and Lawrence Ho, insurance regulatory partner Parimah Hassouri, executive compensation partner Rohit Nafday and associate Anthony Ji, employment and labor partner Sydney Jones and of counsel Patrick Ryan, technology & IP transactions partner Seth Traxler and associates Bernadette Coppola and James Delacenserie, tax partners Mike Carew and Adam Kool and associate Ruth Thomson, capital markets partner Sophia Hudson and associate Asher Qazi, and antitrust partner Jill Ross and associate Todd Garcia.
