Debevoise & Plimpton LLP represented The Blackstone Group in the transaction while Wilson Sonsini Goodrich & Rosati advised Ginger.
Ginger raised a $100 million Series E financing round led by funds managed by Blackstone Growth. This latest round of investment will bring the company’s total funding to over $220 million, on the heels of approximately 3x revenue growth over the past year.
With this latest round of funding, Ginger will seek to continue expanding access to value-based mental healthcare through additional partnerships with multinational employers and health plans. In the first half of the year, the company also plans to extend its reach to support underserved populations through new government payer relationships and collaborations with non-profit organizations. In addition, this funding will enable Ginger to continue its acquisition of innovative technologies and clinical services to improve and scale its on-demand mental health system.
Ginger is a leader in on-demand mental healthcare and through its app provides members with access to unlimited self-guided care and 24/7 on-demand coaching, as well as video-based therapy and psychiatry support.
Blackstone is one of the world’s leading investment firms. The company seeks to create positive economic impact and long-term value for our investors, the companies it invest in, and the communities in which it works.
The Debevoise team was led by M&A partner Kevin Rinker (Picture) and included counsel David Iozzi and associates Eli Bienstock, Kim Le, Hannah Levine and James Malmo, benefits partner Meir Katz associate Matthew Trudeau, tax partner Peter Furci intellectual property associate Tigist Kassahun and FDA regulatory partner Paul Rubin.
The Wilson Sonsini team that advised Ginger on the transaction includes Steve Bochner, Melissa Rick, Julian Sarafian, Raymond Jed Singson, and Joan Moses.
Involved fees earner: Eli Bienstock – Debevoise & Plimpton; Peter Furci – Debevoise & Plimpton; David Iozzi – Debevoise & Plimpton; Tigist Kassahun – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Kim Le – Debevoise & Plimpton; Hannah Levine – Debevoise & Plimpton; James Malmo – Debevoise & Plimpton; Kevin Rinker – Debevoise & Plimpton; Paul Rubin – Debevoise & Plimpton; Steven Bochner – Wilson Sonsini Goodrich & Rosati; Melissa Rick – Wilson Sonsini Goodrich & Rosati; Julian Sarafian – Wilson Sonsini Goodrich & Rosati; Raymond Jed Singson – Wilson Sonsini Goodrich & Rosati;