Davis Polk is advising an affiliate of Goldman, Sachs & Co. in connection with its $820 million acquisition of Ebix, Inc. The proposed transaction, which is subject to antitrust approvals, shareholder approval and other customary closing conditions, is expected to close in the third quarter of 2013.
Goldman Sachs is a global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Ebix is an international supplier of On-Demand software and e-commerce services to the insurance industry.
The Davis Polk corporate team includes partners John D. Amorosi and H. Oliver Smith and associates Sapna Dutta, Michael R. Patrone and Gary Pong. Partner Jeffrey P. Crandall and associate Veronica M. Wissel are providing executive compensation advice. Partner Kathleen L. Ferrell and associate Juelle Gomes are providing tax advice. Counsel Stephen M. Pepper is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.
