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Latham Advises on Third-Party Minority Equity Investment and Holdco PIK Note and Unitranche Financings for Virgin Pulse and HealthComp’s Completed Merger

November 13, 2023
Firm represents third-party minority equity investors as well as the holdco note purchasers and direct lenders in financings for the merger creating a comprehensive employer health platform.
Virgin Pulse, a leading global digital-first health, well-being, and navigation company, and HealthComp, a next-generation benefits and analytics platform, have announced the completion of their merger. Together, the new company will address the issues of increasing healthcare costs and complexity with an innovative, holistic approach that brings together engaging technology, data, and expert services in an all-in-one platform.
Latham & Watkins represented third-party minority equity investors, as well as the purchasers of holdco PIK notes and direct lenders in a unitranche facility, the proceeds of which were used to support the merger. The Latham team was led by New York partners Stelios Saffos, Peter Sluka, Nicole Fanjul, Corey Wright, and Sal Vanchieri, with associates Matthew DeSilva, Sam Chaturvedi, Robyn Sablove, and Pio Lopez.