New Mountain Capital’s Acquisition of a Majority Share in Ontario Systems

Ropes and Gray LLP acted as legal advisor to New Mountain. Eir Partners served as an advisor on the transaction.

Founded in 1980, Ontario Systems is a leading provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets.

New York-based New Mountain Capital is a leading growth-oriented investment firm with over $20 billion in assets under management.

With the purchase of a majority share in Ontario Systems, New Mountain Capital will replace Arlington Capital Partners as the Company’s largest investor.

Terms of the transaction were not disclosed.

The Ropes & Gray team was led by private equity transactions partners Garrett Charon (Picture) and John Sorkin (both of New York) and included finance partner Stephanie Birkmann (New York), tax partner Adam Greenwood (New York), benefits partner Danna Kivell (New York), strategic transactions partner Violetta Kokolus (New York) and litigation & enforcement partners Jonathan Klarfeld and Ama Adams (both of Washington, D.C.) and health care partner Tim McCrystal (Boston).

Involved fees earner: Ama Adams – Ropes & Gray; Stephanie Birkmann – Ropes & Gray; Garrett Charon – Ropes & Gray; Adam Greenwood – Ropes & Gray; Danna Kivell – Ropes & Gray; Jonathan Klarfeld – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Timothy McCrystal – Ropes & Gray; John Sorkin – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: New Mountain Capital;

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Author: Ambrogio Visconti