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Allen & Overy Advises Lead Arrangers on Syndicated Financing for Acquisition of Press Ganey Associates

 

26 July 2019

NEW YORK – Allen & Overy advised the joint lead arrangers and bookrunners on a large-cap U.S. syndicated financing for the acquisition of Press Ganey Associates by private equity funds managed by affiliates of Ares Management Corporation (Ares) and Leonard Green & Partners, L.P. (LGP), together with investment partners GIC, British Columbia Investment Management Corporation, and a wholly owned subsidiary of the Abu Dhabi Investment Authority. 

The transaction, which closed on July 25, 2019, marks a significant development for Press Ganey’s growth in providing top-tier healthcare solutions. Terms of the transaction and the financing were not disclosed.

The A&O leveraged finance deal team was led by partners Alan Rockwell and Todd Koretzky, and associates Jason Palios and Zack Frimet.  Alan commented, “We were thrilled to advise the lead arrangers on a high-profile debt financing of this magnitude.  We were likewise pleased to be involved with such an important transaction for Press Ganey and an exciting investment for Ares and Leonard Green and the other equity investors.  We look forward to continuing to work with Press Ganey, its lenders, equityholders and counsel to facilitate their shared success within the healthcare industry.”  Additional support on the transaction was provided by Karen Buzard and Trainee Solicitor Adam Chambers.

For further information, please contact Kris Cole at pro-a&o@prosek.com or Kaitlyn Lennon at kaitlyn.lennon@allenovery.com. ​

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