Ropes & Gray Represents Homecare Homebase in Sale of Majority Stake

Ropes & Gray represented Cressey and Company, LP, SV Life Sciences LLP and Dallas-based Homecare Homebase, LLC, a software firm focused on the homecare and hospice market, in an agreement to sell an 85 percent equity stake in Homecare Homebase, LLC to The Hearst Corporation, a family-owned media and information company. The terms of the agreement were not disclosed, and the transaction is expected to close by year-end. Homecare Homebase is a portfolio company of Cressey & Company, LP and SV Life Sciences LLP.

The Ropes & Gray team was led by private equity transactions partner Neill Jakobe and also included private equity transactions partner Howard Glazer, tax partner Aaron Harsh, litigation partner Bill Sussman and intellectual property counsel Thomas Burke.