Kirkland & Ellis advised GTCR, a leading private equity firm, on a definitive agreement to acquire TRANZACT, a leading direct-to-consumer insurance services company, in a corporate carve-out from WTW PLC (NASDAQ: WTW), a leading global advisory, broking and solutions company. GTCR is investing in TRANZACT alongside Recognize, a technology services investment platform. The transaction values TRANZACT at $632.4 million and is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions.
The Kirkland team was led by corporate partners Dan Guerin, Kyle McHugh and Alan Chen and associates Alex Romano, Chris Smiciklas and Eva Beaudoin; technology & intellectual property transactions partners Aaron Lorber and Jeff Seroogy and associate Maggie King; tax partner Polina Liberman and associate Joe Morley; and debt finance partners Thomas Dobleman and Grant Bowen and associates Julia Class and Sean Hickey.
