Carousel Capital (Carousel) announced the closing of a continuation vehicle to support the next phase of growth for Ethos Risk Services, a national provider of tech-enabled insurance claims investigation and medical management solutions. The continuation vehicle is anchored by a lead investment from Dextra Partners, with Carousel Capital Partners VI providing a significant investment alongside the continuation vehicle.
Latham & Watkins LLP served as both fund and deal counsel to Carousel in the transaction with a multidisciplinary corporate deal team led by Investment Funds partners Matthew Chase and Matthew Wynne, with associates Nick McCoy, Stephanie Niamonitakis, Bolaji Cole, and Blaise Gargiulo, and M&A counsel Jennifer Wong, with associates Lachlan Sievert and Samyung Han. Partner Gregory Hannibal and counsel Lauren Bewley, with associate Roxanna Abdoli, advised on tax matters; partners Laura Ferrell and Jennifer Tian, with associate Haley Hohensee, advised on investment funds regulatory matters; and partner Drew Levin and counsel Hannah Cary, with associate Enrique Covarrubias advised on insurance matters.
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