Simpson Thacher Represents Hellman & Friedman in Its Acquisition of ABRA Auto Body & Glass
08.05.14
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The Firm is representing Hellman & Friedman LLC in connection with its announced acquisition of ABRA Auto Body & Glass from affiliates of Palladium Equity Partners, LLC, a private equity firm. The transaction is expected to close in the third quarter of 2014, subject to customary closing conditions.
Founded in 1984, ABRA is a recognized leader in collision repair, paintless dent removal, and auto glass repair and replacement with 186 company-owned vehicle damage repair centers and 48 franchised centers in 19 states. ABRA distinguishes itself by providing a solution that enables its insurance company partners to substantially improve customer satisfaction and drive policyholder retention, while simultaneously reducing repair costs and driving efficiencies in the claims management process.
The Simpson Thacher team includes Richard Capelouto, Nick Washburn, Dena Acevedo and Caroline Newton (M&A); Brian Steinhardt, Mary Touchstone, Julia Kohen and Matthew Farrell (Credit); Jason Vollbracht and Noah Metz (Tax); David Rubinsky, Jeannine McSweeney and Joo Hyun Lee (Executive Compensation and Employee Benefits); Joshua Walker and Michelle Morad (IP); Timothy Mulvihill (Environmental); Peter Thomas and William Kearney (Antitrust); and Michael Nooney, Mark Tannahill and Robert Guo (Funds).