Posted on:Weil in the News
Weil advised Advent International in its acquisition of a substantial minority stake in Iodine Software, LLC, a leading healthcare AI company, in a transaction that valued Iodine at more than $1 billion. Bain Capital Ventures and Silversmith Capital Partners, which invested in the Company in 2018, will remain shareholders. The transaction closed on November 23, 2021. Financial terms of the transaction were not disclosed.
The Weil team that advised Advent International was led by Private Equity partner Marilyn French Shaw and included Private Equity partner Ramona Nee and Private Equity associates Michael Bill, Ryan McCarthy, David Tews and Zhengyan Gu. The team also included Tax partner Hillel Jacobson; Tax associate Natalia Pierotti; Executive Compensation & Benefits partner Amy Rubin; Technology & IP Transactions partner Jeffrey Osterman; Technology & IP Transactions/Privacy counsel Alexa Chu Clinton; Technology & IP Transactions/Privacy associates David Merck, Maryann Thompson, Mirish Shah and Shannon Coffey; Environmental Head Annemargaret Connolly; Regulatory Transactions counsel John O’Loughlin; and Employment Litigation associate Omar Abdel-Hamid (Not Yet Admitted in New York).