Kirkland Advises Blackstone on Majority Stake Acquisition in Leading Hotel Accounting Software and Services Provider M3

Kirkland & Ellis advised funds managed by Blackstone on a definitive agreement for a majority investment in Chartis, a leading healthcare advisory firm. This strategic investment will support Chartis’ continued growth as a leading advisor to providers, payers, technology innovators, retail companies and investors who are making positive and transformative change within U.S. healthcare. The investment includes continued equity participation from Audax Private Equity. The transaction is expected to close by the end of 2024, subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.