CHARLOTTE, Nov. 24, 2015 — King & Spalding represented Pamlico Capital, a private equity firm with over $2 billion under management, in connection with the recapitalization of symplr, a leading provider of Software as a Service-based healthcare compliance and credentialing solutions. The recapitalization was led by Pamlico and existing investors including the CapStreet Group, a Houston-based private equity firm. Terms of the transaction were not disclosed.
Pamlico is a Charlotte, North Carolina-based private equity firm that seeks control-oriented buyout and growth equity investments in middle market businesses in three core industries: business and technology services, communications and healthcare.
The King & Spalding team representing Pamlico in the transaction was led by corporate partner Rick Bange and corporate associates Mike Miller, Courtney Byrne, Stacy Grant and Rebecca Cushing. Additional assistance on finance matters was provided by Ellen Snare, Laura Newsom and Robyn Cho; on tax matters by Wayne Pressgrove, John Sweet and Greg Lucas; on labor matters by Cheryl Sabnis and Bailey Langner; on employee benefits matters by Sam Choy and Ryan Gorman; on intellectual property matters by Scott Petty and Kent Jordan; on healthcare matters by Tom Hawk; on antitrust matters by Brian Meiners; and on government contract matters by Greg Smith.
More information about the transactions can be found here.
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Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.