Alston & Bird served as legal counsel to the Special Committee of the Board of Directors of Ebix, Inc., a leading international supplier of on-demand software and E-commerce services to the insurance industry, in a definitive merger agreement to be acquired by an affiliate of Goldman, Sachs & Co. in an $820 million transaction, where Ebix shareholders will receive $20 per share in cash.
“With our market-leading servicing platforms and talented team of insurance and technology professionals, Ebix will be well-positioned as a private company to continue to execute on our strategic initiatives and pursue growth opportunities around the world,” said chairman and chief executive officer Robin Raina in a press release.
The Alston & Bird team was led by Justin Howard, co-head of the firm’s Mergers & Acquisitions Group, as well as Scott Ortwein, co-head of the firm’s Corporate Transactions & Securities Group. Also assisting were Dave Brown, Kyle Healy and Sarah Hess for corporate/M&A issues; Richard Grice for leveraged finance issues; and John Shannon and Blake Mackay for employee benefits and executive compensation issues.
Read the full press release from Ebix.
Written by Justin Howard, Partner, Mergers & Acquisitions Group | Alston & Bird LLP