Kirkland Advises Zelis on Minority Equity Raise

Kirkland & Ellis advised healthcare technology solutions provider Zelis and its majority owners, Parthenon and Bain Capital, on the sale of a minority stake in the company to a new group of investors led by Mubadala Investment Company. Parthenon and Bain will remain the majority owners of Zelis. The transaction closed on November 26, 2024.

Read the transaction press release

The Kirkland team included corporate lawyers Kyle Elder, Ziyad Ziyadzade, Andrew Struckmeyer, Becky Henz, Paul Milani, Matthew O’Brien, Chris Elder and Jeff Seifman; debt finance lawyers Andrew Idrizovic and Justin Greer; capital markets lawyers Josh Korff and Jennifer Lee; and tax lawyers Rachel Cantor and Michael Paul Alcan.