"S&C, Ropes & Gray Work Biggest LBO This Year" (The Am Law Daily)

November 6, 2009

Keith Pagnani was quoted in The Am Law Daily about S&C client IMS Health Incorporated's announcement that it had entered into a definitive merger agreement to be acquired by investment funds managed by TPG Capital and Canada Pension Plan Investment Board. The article noted that the transaction is the largest leveraged buyout in 2009, with a total value of $5.2 billion. “It would be great if we can look back one day and say that this was the deal that marked private equity's renewed interest in the public markets,” Mr. Pagnani said. “Let's hope this transaction is an indicator that the debt market is opening up,” he said. “Hopefully we'll see more of these as a result.” The article also mentioned S&C partners Alan Sinsheimer and Neal McKnight's work on the deal.