News

T-System to be Acquired by FNFV Group

San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Francisco Partners and its portfolio company T-System Inc. in an agreement to be acquired by FNFV Group (

), the investment arm of Fidelity National Financial, Inc. for $200 million in cash. FNFV also holds majority and minority equity investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC, Ceridian HCM, Inc. and Del Frisco’s Restaurant Group, Inc.

T-System is a healthcare IT company that was founded as a specialist in emergency department documentation and has since expanded its focus to include the development of innovative solutions for the rapidly expanding episode-based care market, including hospital-based emergency departments (EDs), freestanding emergency centers and urgent care centers.

The Paul Hastings team was led by Private Equity partner

and included partners

Dan Stellenberg

, and

Jim Smulkowski

; and associates Grant Manning and

Yoav Simchoni

.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.