Debevoise & Plimpton has advised Kelso & Company in the transaction.
Kelso & Company announced its acquisition of a majority interest in ReSource Pro, a market leader in business process solutions for the P&C insurance industry.
The partnership between Kelso and ReSource Pro will enable the company to continue its long- term growth strategy, adding expertise and resources to enhance client value and expand its global operations. ReSource Pro will continue to operate as an independent, privately held entity and maintain its management team. Terms of the private transaction were not disclosed.
ReSource Pro brings integrated operational solutions to insurance organizations to improve growth, profitability and insurance outcomes.
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested over $15 billion of equity capital in 134 transactions.
The Debevoise team was led by M&A partner Christopher Anthony (Picture) and included partners Michael Diz and Emily Huang, counsel David Iozzi and Allison Lee and associates Caroline Brown, Josephine Chen and Caitlin Joseph and law clerk Jennifer Lang, finance partner Scott Selinger and associates Marina Capeto Novello and Marta Poplawski, benefits partner Jonathan Lewis and associate Andrea Acosta, tax partner Michael Bolotin and law clerk Shanna Adler, intellectual property partner Henry Lebowitz and associate Marissa MacAneney and antitrust counsel Kyra Bromley.
Involved fees earner: Josephine Chen – Davis Polk & Wardwell; Andrea Acosta – Debevoise & Plimpton; Christopher Anthony – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Caroline Brown – Debevoise & Plimpton; Marina Capeto Novello – Debevoise & Plimpton; Michael Diz – Debevoise & Plimpton; Emily Huang – Debevoise & Plimpton; David Iozzi – Debevoise & Plimpton; Caitlin Joseph – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Allison Lee – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Marissa MacAneney – Debevoise & Plimpton; Marta Poplawski – Debevoise & Plimpton; Scott Selinger – Debevoise & Plimpton;
Clients: Kelso & Company;