A
Astira Capital Partners
Acquirer counsel
Kirkland & Ellis
Amanda C. Border, P.C.Partner
Armand A. Della Monica, P.C.Partner
3 lawyers involved
Rainmaker
Loading page...
Kirkland & Ellis advises Astira Capital Partners on $200 million acquisition of Altus Commercial Receivables
Deal Overview
- Value
- $200m
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Kirkland & Ellis Overview
- Astira Capital Partners is a private equity firm and is the acquirer of Altus Commercial Receivables, which is described as a leading provider of commercial receivables management solutions.
- The transaction is an acquisition of Altus Commercial Receivables by Astira Capital Partners; financial terms were not disclosed in the announcement.
- Altus is being acquired from ARMStrong Receivable Management, with the business divested by a BharCap Partners, LLC portfolio company as part of the deal process.
A
Altus Commercial Receivables
Seller counsel
Greenberg Traurig LLP
Individual advisers not yet recorded
Greenberg Traurig LLP Overview
- Altus Commercial Receivables is the commercial services division of ARMStrong Receivable Management, which sits in BharCap Partners' portfolio. On the seller side, BharCap is carving out Altus while keeping ARMStrong's remaining insurance-services business.
- The transaction is a sale of Altus Commercial Receivables by BharCap and ARMStrong to Astira Capital Partners. The announcement did not disclose per-share consideration, valuation, premium, stake percentage, or financing terms.
- Post-closing, BharCap will continue to own ARMStrong Insurance Services rather than exiting the broader platform entirely. That leaves the seller with the remaining business, described as a leading provider of specialized audit and recovery services.