Morgan, Lewis & Bockius and Jaffe Raitt Heuer & Weiss provided legal counsel to Lovell Minnick. TPG Sixth Street Partners and Wells Fargo Bank, N.A. provided financing for the transaction.
Lovell Minnick Partners executed the acquisition of Billhighway.
Financial terms of the private transaction were not disclosed.
Lovell Minnick Partners is a private equity firm focused on investments in the global financial services industry, including related technology and business services companies.
Billhighway provides software-as-a-service-based accounting and transaction processing services to membership-based organizations that use the company’s technology suite for accounting, reconciliation, and reporting.
Morgan Lewis corporate team was led by partner Barbara Shander (Picture) and associates Adam Prince and Michelle Catchur, and partner Andrew Budreika led the team with respect to the financing.
Law Firms: Morgan Lewis;
Clients: Lovell Minnick Partners;