On June 6, 2014, funds managed by Kramer Levin client Stone Point Capital LLC completed their acquisition of LTCG Holdings Corp., the parent of Long Term Care Group, Inc. (“LTCG”). LTCG is the recognized leader in business process outsourcing for long-term care insurance, and the acquisition furthers Stone Point’s strategy of backing innovative companies in the insurance and insurance services sectors. Originally founded in 1996 as the Long Term Care Group, LTCG is the largest provider of comprehensive outsourcing and claims management to long-term care insurers. In addition, LTCG provides clients with advanced risk management insight built upon its proprietary long-term care underwriting and claims databases.

The Kramer Levin team that represented Stone Point was led by corporate partner Howard T. Spilko and associates Jonathan B. Vessey, Gabriela A. Lopez and Samuel A. Raboy, with banking and finance special counsel Mae R. Rogers and associates Avon Khowong and Jennifer W. Li handling the related credit facility. Additional team members included corporate partners Daniel A. Rabinowitz and Abbe L. Dienstag and associates Scott A. Abramowitz, Joshua Goldman and Yael M. Steiner, intellectual property partner Randy Lipsitz, employee benefits partner Christine Lutgens and special counsel Avram J. Cahn, litigation partner David S. Frankel and associate Theodore S. Hertzberg, employment law partner Robert N. Holtzman and counsel Paul M. Ritter, and real estate associate Pamela Swidler.