O’Melveny has advised client Kayne Partners, the growth equity strategy of Kayne Anderson Capital Advisors, on two consecutive healthcare IT exits.
In the first deal, O’Melveny advised Kayne Partners’ portfolio company rfXcel Corporation, a global leader in digital supply chain traceability solutions, in its acquisition by Antares Vision Group. Headquartered in Reno, Nevada, rfXcel provides leading-edge software solutions to help companies build and manage their digital supply chain, lower costs, and protect their products and brand reputation. Antares is an Italy-based global provider of intelligent track & trace, inspection and smart data management solutions for the life science and food & beverage sectors. The transaction closed March 31, 2021.
In the second transaction, O’Melveny advised Kayne Partners in its exit from portfolio company Azalea Health Innovations, Inc. Azalea is a tech-enabled revenue cycle management (RCM) and cloud-based electronic health record (EHR) software provider, for the rural healthcare market.
Kayne Partners, the Los Angeles-based dedicated growth private equity group of Kayne Anderson Capital Advisors, is a leading provider of capital and connections to privately held, high growth, enterprise software and tech-enabled service businesses in North America.
O’Melveny corporate partner David Smith, based in the firm’s Century City office, led the firm’s work on these matters with assistance from corporate counsel Shawmir Naeem, and associates Cliff “Yinan” Wen and Dylan Towns.
