Ropes & Gray represented Vitruvian Partners as lead investor in a $600 million equity financing for Angle Health, an AI-native healthcare benefits platform for employers, at a $2.7 billion valuation. The financing consists of $200 million in Series C financing and a $400 million tender offer. The investment was announced on Sept. 18.
Vitruvian Partners is a global growth-focused investor with offices across London, Miami, San Francisco, Dubai, Luxembourg, Madrid, Mumbai, Munich, Shanghai, Singapore and Stockholm. Vitruvian has over $23 billion of active funds.
The team included private equity partners Dee Kuchukulla, Martin Ruhaak, and Neill Jakobe and associate Stephen Jaber, employment, executive compensation & benefits partner Jen Cormier and associates Tahned Tantiyavarong and Madeline Cooper, health care partners Jennifer Romig and Jamie Darch, tax partners Aaron Harsh and Zhen Zhang, private equity partner Paul Dali and associate Hugh Morris, antitrust partner Marta Kelly, and IP transactions partner Emily Karlberg.
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