Trinity Life Sciences’ Recapitalization Transaction

Kirkland & Ellis represented Trinity, while Ropes & Gray represented Kohlberg in the transaction.

Trinity Life Sciences, a leader in global life sciences commercialization solutions, announced the signing of a definitive agreement for a recapitalization transaction led by Kohlberg & Company, a leading private equity firm with more than 30 years of experience.

Trinity has been partnered with Parthenon Capital since early 2018 to rapidly grow its team, capabilities and global footprint. This recapitalization will provide Trinity with a new capital partner with similarly deep experience supporting growth-oriented life sciences companies and will enable the Company to continue its focus on global expansion and offering its life sciences client base innovative new products and services. Trinity’s management team, led by CEO David Fitzhenry, will continue to lead the organization through its ongoing strategic growth.

Jefferies LLC served as lead financial advisor and SVB Leerink served as co-advisor to Trinity in connection with the transaction. Centerview Partners LLC served as financial advisor to Kohlberg. The transaction is expected to close within the next 30 days.

Kohlberg & Company is a leading private equity firm based in Mount Kisco, New York. Over its 34-year history, Kohlberg has completed 88 platform investments and over 200 add-on acquisitions with an aggregate transaction value of nearly $30 billion. 

Trinity Life Sciences is a trusted strategic commercialization partner, providing evidence-based solutions for the life sciences. With over 25 years of experience, Trinity is committed to solving clients’ most challenging problems through exceptional levels of service, powerful tools and data-driven insights. 

The Ropes & Gray team that represented Kohlberg & Company was led by private equity partner Will Shields (Boston), and included tax partner Aaron Harsh (Boston), leveraged finance partner Steven Rutkovsky (New York), private equity partner Andrew Silver (New York), benefits partner Jennifer Rikoski (Boston), labor & employment partner Douglas Brayley (Boston), health care partner Margaux Hall (Washington, D.C.), data, privacy & cybersecurity partner Edward McNicholas (Washington, D.C.), IP transactions partner Regina Sam Penti (Boston), real estate counsel Chrystal LaRoche (Boston), antitrust counsel Deidre Johnson (Boston), and data, privacy & cybersecurity Kevin Angle (Boston).

Involved fees earner: Kevin Angle – Ropes & Gray; Douglas Brayley – Ropes & Gray; Margaux Hall – Ropes & Gray; Aaron Harsh – Ropes & Gray; Deidre Johnson – Ropes & Gray; Chrystal LaRoche – Ropes & Gray; Edward McNicholas – Ropes & Gray; Jennifer Rikoski – Ropes & Gray; Steven Rutkovsky – Ropes & Gray; Regina Sam Penti – Ropes & Gray; William Shields – Ropes & Gray; Andrew Silver – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Kohlberg & Company, L.L.C.;