Davis Polk advised Tailwind Capital on its acquisition of Ventiv Enterprises Ltd. and a term loan credit facility and revolving credit facility provided to Ventiv Holdco, Inc. in connection with the acquisition. Antares Capital LP is acting as administrative agent in relation to the facilities. The transaction closed on September 3, 2019.
Tailwind Capital is a leading middle market private equity firm investing in growth-oriented companies in targeted sectors within the healthcare, business and industrial services industries. Ventiv Enterprises Ltd. is a developer of risk, insurance and claims software solutions headquartered in the United Kingdom.
The Davis Polk corporate team included partner Harold Birnbaum and associates Nicholas C. Phillips and Chaoshun (Jeff) Zuo. The finance team included partner J.W. Perry and associate Welton E. Blount. The executive compensation team included partner Veronica M. Wissel and associate Joseph S. Brown. Partner Pritesh P. Shah provided intellectual property and technology advice. Partner Michael S. Hong provided investment management advice. Partner Rachel D. Kleinberg provided tax advice. Members of the Davis Polk team are based in the New York and Northern California offices.