Kirkland Counsels Bain Capital Insurance on Ryze Claim Solutions Recapitalization
Kirkland & Ellis is advising Bain Capital Insurance on a recapitalization of full-service insurance claims management business Ryze Claim Solutions, which will support continued organic growth and launch a strategic acquisition initiative. The definitive agreement was announced on February 12, 2024. Following the close, Ryze will be majority-owned by Bain Capital Insurance with members of the management team and select individuals retaining a meaningful ownership stake in the business. Bain Capital Insurance is the dedicated insurance investing unit of private investment firm Bain Capital.
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The Kirkland team is being led by corporate partners Dave Gusella and Rajab Abbassi and associate Sydney Hood, with assistance from corporate associates George Colligan and Samantha Pineo; tax partners Michael Carew, Christine Lehman and Christopher Worek and associate Leah Rachow; insurance regulatory partner Parimah Hassouri; executive compensation partner Scott Price and associates Jenny Cha and Rebecca Arnall; technology & IP transactions partner Vladimir Khodosh and associate Seth Pritchard; debt finance partners Melissa Hutson and Timothy Hughes and associates Matt Truedson and Judah Batist.
