Simpson Thacher Represents Lightyear Capital in its Acquisition of FIS’ Healthcare Benefit Solutions Business for $335 Million
06.25.12
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The Firm is representing an affiliate investment fund of Lightyear Capital LLC in its announced acquisition of the Healthcare Benefit Solutions business of FIS™ for $335 million. Benefit Solutions is a leading financial technology company providing benefits administration software as a service, multi-purse debit cards and transaction processing solutions for consumer directed healthcare accounts. The transaction is expected to close by the end of the third quarter of 2012, subject to required regulatory approvals and customary closing conditions.
The Simpson Thacher team included: Caroline Gottschalk, Gary Horowitz, Kelly Jin, Michael T. Holick, Seth Niedermayer, Jennifer McGroarty and summer associate Jennifer Gaudette (M&A); Marissa Wesely, Brian Gluck and Preeta Paragash (Credit); Jason Herman (Funds); Michael Nathan (Capital Markets); Lori Lesser, Marcela Robledo, Mindy Lok and Jasmine Kaufman (Intellectual Property); Gary Mandel, Jonathan Goldstein and Danny Salinas (Tax); Greg Grogan, Jeanne Annarumma, Jennifer Wolff and Grace Lin (Employee Compensation and Benefits); Adeeb Fadil (Environmental) and Stacie McGinn and Mark Chorazak (Regulatory).