TPG Capital’s Acquisition of Convey Health Solutions

Davis Polk advised TPG Capital on its acquisition of Convey Health Solutions from New Mountain Capital and related acquisition financing.

As part of the transaction, Convey management and other select stakeholders will remain invested in the company. Financial terms of the transaction were not disclosed.

TPG is a leading global alternative asset firm founded in 1992 with more than $108 billion of assets under management. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, credit and public equity. Convey Health Solutions and its affiliate companies HealthScape Advisors, Pareto Intelligence and the Gorman Health Group, is a specialized healthcare technology and services company that is committed to providing clients with healthcare-specific, compliant solutions utilizing technology, expert advisory and analytics.

The Davis Polk corporate team included partners Oliver Smith (Picture) and Darren M. Schweiger and associate Erica Che. Partner Sartaj Gill and associate Michael Fan provided finance advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen provided executive compensation advice. Partner David H. Schnabel and associate Aliza Slansky provided tax advice. Partner Pritesh P. Shah provided intellectual property and technology advice.

Involved fees earner: Erica Che – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Michael Fan – Davis Polk & Wardwell; Sartaj Gill – Davis Polk & Wardwell; David Mollo-Christensen – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Darren Schweiger – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Aliza Slansky – Davis Polk & Wardwell; Oliver Smith – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: TPG Capital;

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Author: Ambrogio Visconti