The Firm is representing Hellman & Friedman LLC in connection with the announced acquisition of Applied Systems, Inc. by investment funds advised by Hellman & Friedman for $1.8 billion. Applied Systems is being acquired from Bain Capital, a global private investment firm. The transaction is subject to customary conditions to closing and is expected to be completed in early 2014.
Applied Systems is a leading provider of insurance software and a recognized pioneer of agency management systems and data exchange between agencies, brokerages, carriers and their clients.
The Simpson Thacher team includes Chad Skinner, Nick Washburn, Brian Osimiri, Leah Segall and Michael Renner (M&A); Brian Steinhardt and Eli Isak (Credit); David Rubinsky, Jeannine McSweeney, Linda Barrett and Nelli Zaltsman (Executive Compensation and Employee Benefits); Jeff Ostrow, Josh Walker, Michelle Lyon and Linda Nyberg (Intellectual Property); Katharine Moir, Jason Vollbracht and Noah Metz (Tax); and Tim Mulvihill (Environmental).
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