The Firm is representing Lightyear Capital and Alegeus Technologies Holdings Corp. in connection with Lightyear Capital’s sale of Alegeus to Vista Equity Partners. The transaction is expected to close as soon as appropriate approvals are completed. Financial details of the transaction were not disclosed.
Alegeus is the market leader in consumer directed healthcare (CDH) solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care and commuter accounts), the industry’s most widely used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare.
The Simpson Thacher team includes Caroline B. Gottschalk, Michael T. Holick, Matthew Gabbard and Lillian Morgenstern (M&A); Gregory Grogan, Patricia Adams and Eric Wolf (Executive Compensation and Employee Benefits); Gary Mandel and Sophie Staples (Tax); Peter Guryan, Richard Jamgochian and Daniel Owsley (Antitrust); Brian Gluck and Leah Nudelman (Banking and Credit); Lori Lesser and Marcela Robledo (Intellectual Property); and David Caldwell (Regulatory). Associate Erika Tang and Summer Associates Hadley Dryland and Aseda Ghartey-Tagoe also provided valuable assistance.