Mark A. Fennell, P.C.

Kirkland & Ellis advised GTCR LLC and Mega Broadband Investments Holdings LLC (MBI), a leading provider of broadband services across the Southeast, Northwest and Mid-South United States, in connection with the amendment of the terms of Cable One, Inc.’s (NYSE: CABO) strategic investment in MBI. Cable One currently owns a 45% stake in MBI, and affiliates of GTCR and MBI management own the balance of MBI. As part of the amended partnership agreement, Cable One paid $250 million to the other MBI equity holders, and those same other equity holders also received the proceeds from $100 million of new MBI debt. The amendments provide Cable One with enhanced ability to control the timing for acquiring the 55% interest it does not currently own pursuant to the put right held by GTCR, with any such acquisition to occur no earlier than October 1, 2026 unless Cable One elects to close the transaction at an earlier date. Read the transaction press release The Kirkland team included corporate lawyers Mark Fennell, Chris Thomas and Edward Brennan; and debt finance lawyers Tom Dobleman and Emily Hogan.

Dec 20

1 min

Kirkland & Ellis represented GTCR, a leading private equity firm, on its definitive agreement to invest $1.33 billion in Tricentis, a global leader in continuous testing and quality engineering, valuing the enterprise at $4.5 billion and further fueling Tricentis’ growth and innovation. The agreement was approved by global software investor Insight Partners and Tricentis following a comprehensive review of strategic alternatives. Insight Partners and GTCR will work together with equal representation on the Board of Directors to support the strong and experienced Tricentis management team’s continued success in fueling the company’s further expansion. Read the transaction press release The Kirkland team included corporate lawyers Mark Fennell, Neil Vohra, Francesco Castaldi, Gino Jacobazzi, Sarah Mason, Haley Arnieri and Joshua Kravitz; debt finance lawyers Tom Dobleman and Grant Bowen; tax lawyers Polina Liberman and Natalie Kannan; and capital markets lawyer Robert Goedert.

Nov 26

1 min

Kirkland & Ellis advised Madison Dearborn Partners on the sale of Kaufman, Hall & Associates, LLC, a strategic advisor to the healthcare industry, to Vizient, Inc., the nation's largest provider-driven healthcare performance improvement company. The planned acquisition brings together two of the industry's most trusted advisors to help healthcare organizations deliver high-quality patient care to their communities. Through their industry-leading data assets and complementary clinical, strategic and financial expertise, the combined organization will be able to help solve healthcare organizations' most complex challenges. Read the transaction press release The Kirkland team was led by corporate partners Mark Fennell and Nick Cast and associate Jason Grover; and tax partners Rachel Cantor and Christine Lehman.

Jun 27

1 min

Kirkland & Ellis advised Reverence Capital Partners, a private equity firm focused on investing in financial services businesses, on its definitive agreement to acquire a majority stake in Sunstar Insurance Group, LLC, a leading independent retail insurance broker. The terms of the transaction were not disclosed. Read Reverence Capital’s press release The Kirkland team was led by corporate partners Mark Fennell, Kevin Mausert and Nick Cast; debt finance partners Andrew Idrizovic and David Love; and tax partners Mike Carew, Polina Liberman and Michael Conroy.

Jul 2

1 min

Kirkland & Ellis represented Flexpoint Ford, LLC, a private equity investment firm specializing in the financial services and healthcare industries, on its agreement with Accuserve Solutions, an independent managed repair services platform, and Aquiline Capital Partners LP, a private equity investment firm specializing in the financial services industry, for a majority investment by Flexpoint, and minority investments by Aquiline and Accuserve management, in Accuserve. Flexpoint's partnership is expected to accelerate Accuserve's growth as it continues to develop value added property claims solutions for insurance carriers, homeowners and contractors. Read Flexpoint’s press release The Kirkland team was led by corporate partners Mark Fennell and Justin Joffe; debt finance partners Jocelyn Hirsch and Whitney Bosworth; and tax partner Polina Liberman.

Mar 28

1 min