Kirkland & Ellis advised Azentio Software on the deal.
Azentio Software, a Singapore-headquartered software products business owned by funds advised by Apax, announced its binding agreement to acquire Beyontec, a leading insurance technology company with more than 300 employees and over 65 customers across the United States, Middle East and Africa. The transaction is conditional, subject to relevant regulatory approvals. Financial terms of the transaction were not disclosed.
The Kirkland team was led by transactional partners Daniel Dusek (Picture), Srinivas Kaushik and Michael Rackham, with support from tax partners Mike Carew and Lane Morgan, government and internal investigations partner Cori Lable, and executive compensation partner Katherine Coverdale.
Involved fees earner: Mike Carew – Kirkland & Ellis; Katherine Coverdale – Kirkland & Ellis; Daniel Dusek – Kirkland & Ellis; Srinivas Kaushik – Kirkland & Ellis; Cori Lable – Kirkland & Ellis; Lane Morgan – Kirkland & Ellis; Michael Rackham – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Azentio Software;