Kirkland & Ellis counseled KKR, while Davis Polk advised Lightyear Capital LLC in the transaction.
KKR executed the acquisition of Therapy Brands from investment funds affiliated with Lightyear, Oak HC/FT and Greater Sum Ventures. The transaction is expected to close in the second quarter of 2021. Financial terms of the transaction were not disclosed.
Founded in 2000, Lightyear Capital is a financial services-focused private equity firm based in New York. Therapy Brands provides practice management, integrated patient payments, revenue cycle management, patient engagement, tele-health and data management solutions for mental and behavioral health practices to support their clinical, administrative and billing needs. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions.
Kirkland & Ellis counseled KKR with a team led by corporate partners Jen Perkins (Picture), Leo Greenberg and Ari Levi and corporate associates Michael Hanna, Colin Zelicof and Heidi Quach; and debt finance partners Eric Wedel and Ryan Rafferty.
The Davis Polk corporate team advising Lightyear Capital included partners Michael Davis and Harold Birnbaum and associates Arthur M.T. Burke and Lucas Wozny. The tax team included partner David H. Schnabel and counsel Ethan R. Goldman. Partner Pritesh P. Shah provided intellectual property advice. Partner Adam Kaminsky provided executive compensation advice. The finance team included partner J.W. Perry. The antitrust and competition team included partner Jesse Solomon.
Involved fees earner: Harold Birnbaum – Davis Polk & Wardwell; Arthur Burke – Davis Polk & Wardwell; Michael Davis – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Adam Kaminsky – Davis Polk & Wardwell; John Perry – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Jesse Solomon – Davis Polk & Wardwell; Lucas Wozny – Davis Polk & Wardwell; Leo Greenberg – Kirkland & Ellis; Michael Hanna – Kirkland & Ellis; Ari Levi – Kirkland & Ellis; Jennifer Perkins – Kirkland & Ellis; Heidi Quach – Kirkland & Ellis; Ryan Rafferty – Kirkland & Ellis; Eric Wedel – Kirkland & Ellis; Colin Zelicof – Kirkland & Ellis;