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January 23, 2026
Kirkland Advises Zelis on Minority Equity Raise
1 min
AI-made summary
- Kirkland & Ellis represented Zelis, a healthcare technology solutions provider, and its majority owners, Parthenon and Bain Capital, in the sale of a minority stake to a new investor group led by Mubadala Investment Company
- Parthenon and Bain Capital will continue as majority owners of Zelis
- The transaction was completed on November 26, 2024, with a legal team from Kirkland & Ellis covering corporate, debt finance, capital markets, and tax matters.
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.
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