Simpson Thacher Represents Vertafore, Inc. in Acquisition of Advanced Solutions, Inc.
04.30.07
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The firm represented Vertafore, Inc. in its acquisition of Advanced Solutions, Inc., which is a privately-held document management and workflow solutions provider for insurance companies. Advanced Solutions operates under the trade name of ImageRight. Simultaneously with the acquisition, Vertafore refinanced its outstanding borrowings under its senior secured credit facility, using a portion of the borrowings to purchase all of the outstanding shares of Advanced Solutions from its founders. The completion of the acquisition was announced publicly on April 11, 2007. Vertafore, Inc. is majority owned by affiliates of Hellman & Friedman.
The Simpson Thacher attorneys working on the transaction included: M&A – Chad Skinner, Louis Lehot and Kyle Wirth; Credit – Jay Ptashek, Brian Steinhardt, Christine Symons, and Jason Amster; Tax – Ben Applestein; Employee Compensation and Benefits – Richard Grimm and Karen Phillips; Intellectual Property – Ivan Rothman and Marcela Robledo. Paralegals Daniel Janow, Jason Mull, David Needham and John Walgren also provided valuable assistance.