CVC Capital’s Acquisition of ExamWorks

White & Case LLP, working alongside McCarthy Tétrault LLP, has advised CVC Capital Partners on the deal.

CVC Capital Partners executed its definitive agreement to acquire a majority interest in ExamWorks. 

The financing for the acquisition includes a US$1.7 billion senior secured first lien term loan facility, a US$540 million senior secured second lien term loan facility and a US$250 million senior secured revolving credit facility. 

ExamWorks provides independent medical examinations (IMEs), peer reviews, bill reviews, Medicare compliance, record retrieval, document management and related services. These offerings play a key role in determining cause of injury, level of seriousness and underlying liability in order to facilitate the delivery of cost-effective care under various forms of insurance coverage. 

CVC is a leading private equity and investment advisory firm with a network of 24 offices throughout Europe, Asia-Pacific and the US, with approximately US$115 billion in assets under management. Since its founding in 1981, CVC has secured commitments in excess of US$163 billion from some of the world’s leading institutional investors across its private equity and credit strategies.

The White & Case M&A team that advised CVC on the transaction was led by partner Oliver Brahmst (Picture) and included partner Brian Smarsh, associates Daniel Kozin, Morgan Somerset and Harkesh Patel, and partners Sang I. Ji (Tax), Tal Marnin (Employment, Compensation & Benefits), Justin Wagstaff and associate Shana White (Debt Finance), all in New York; partner Nirangjan Nagarajah and associate Jessie Huynh (Project Development and Finance) in Melbourne; partner Jarlath McGurran and associate Mahir Maini (M&A) in London.

The McCarthy Tétrault team was led by Jonathan See, Scott Bergen and Victoria de Luna that includes Kelleher Lynch (Pension and Benefits), Vincent Yip and Michael Scherman (Technology), Danielle Douglas, Laura DeVries, Jessica Wuergler and Émilie Thibault (Labour and Employment), Ryan Kady (Real Property and Planning), Raj Juneja, Mike Hegedus and Steve Marshall (Tax), Oliver Borgers and Jonathan Bitran (Competition).

Involved fees earner: Scott Bergen – McCarthy Tétrault; Jonathan Bitran – McCarthy Tétrault; Oliver Borgers – McCarthy Tétrault; Victoria de Luna – McCarthy Tétrault; Laura DeVries – McCarthy Tétrault; Danielle Douglas – McCarthy Tétrault; Mike Hegedus – McCarthy Tétrault; Raj Juneja – McCarthy Tétrault; Ryan Kady – McCarthy Tétrault; Kelleher Lynch – McCarthy Tétrault; Steve Marshall – McCarthy Tétrault; Michael Scherman – McCarthy Tétrault; Jonathan See – McCarthy Tétrault; Emilie Thibault – McCarthy Tétrault; Jessica Wuergler – McCarthy Tétrault; Vincent Yip – McCarthy Tétrault; Oliver Brahmst – White & Case; Jessie Huynh – White & Case; Sang Ji – White & Case; Daniel Kozin – White & Case; Mahir Maini – White & Case; Tal Marnin – White & Case; Jarlath McGurran – White & Case; Nirangjan Nagarajah – White & Case; Harkesh Patel – White & Case; Brian Smarsh – White & Case; Morgan Somerset – White & Case; Justin Wagstaff – White & Case; Shana White – White & Case;

Law Firms: McCarthy Tétrault; White & Case;

Clients: CVC Capital Partners;