Kirkland & Ellis LLP advises The TriZetto Corporation, a provider of world-class healthcare information technology and service solutions owned by Apax Partners, which announced today that it has agreed to sell its majority ownership stake of TriZetto to Cognizant Technology Solutions Corp. for $2.7 billion in cash. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the fourth quarter of 2014. The Kirkland team was led by corporate partners Leo Greenberg and Srinivas Kaushik and associate John Kupiec, and included tax partners Patrick Gallagher and Sara Zablotney, and tax and corporate associates Vin Thorn, Solomon Eskinazi and Laura Brockelman.
J.P. Morgan Securities LLC and Goldman, Sachs & Co. served as financial advisors to TriZetto. Cognizant was advised by Credit Suisse, UBS Securities LLC and Centerview Partners. Legal counsel to Cognizant was provided by Latham & Watkins LLP and Nishith Desai Associates.
Source: www.kirkland.com
