Ropes & Gray Advises Kohlberg & Company and Alacrity Solutions Group in Strategic Investment from BlackRock Alternatives Long Term Private Capital
Ropes & Gray represented Kohlberg & Company (“Kohlberg”) and its portfolio company, Alacrity Solutions Group (“Alacrity Solutions”), a recognized leader in providing insurance claims management services in North America, in its sale to BlackRock Alternatives Long Term Private Capital. Kohlberg and members of Alacrity’s management team will retain a significant minority interest in Alacrity Solutions. The transaction was announced on February 2. Financial terms of the transaction were not disclosed.
Alacrity Solutions is a technology-enabled diversified provider of outsourced solutions to U.S. insurance carriers, providing essential services across the claims lifecycle, including field and desk adjusting, temporary housing, specialty and auto solutions, managed repair services and desktop review. Kohlberg is a leading private equity firm that has, over its 34-year history, investments with an aggregate transaction value of nearly $30 billion.
The Ropes & Gray team was led by private equity partner Andrew Silver, and included private equity partner Will Shields, debt financing partner Scott Rolnik, labor and employment partner Richard Kidd, benefits partner Pascal Mayer, tax partner Pam Glazier, IP transactions partner Violetta Kokolus, litigation and enforcement partner Jonathan Klarfeld, asset management partners Marc Biamonte and Steve Zaorski and antitrust partner Annie Herdman.