MoFo Advises SkyKnight Capital in Definitive Agreement to Make Majority Investment into Simplicity

Morrison Foerster advised SkyKnight Capital, L.P. (“SkyKnight”), a San Francisco-based private equity firm, alongside Dragoneer Investment Group ("Dragoneer"), in the financing aspects of their definitive agreement for a majority investment into Simplicity Group Holdings (“Simplicity”). Simplicity is a leading financial products distribution firm. As part of the transaction, SkyKnight and Dragoneer will acquire equity in Simplicity, providing a liquidity opportunity for Simplicity’s employee partners and replacing Simplicity’s current institutional investor group, led by Lee Equity Partners. 

The transaction was announced on August 8, 2024, and is expected to close by the end of 2024, subject to regulatory approvals. 

The MoFo team advising SkyKnight was led by San Francisco private equity + finance partners Darío Avram and Eric Min and Los Angeles finance associate Rohit Sengupta, along with invaluable assistance from New York tax partner Dave Sturgeon. 

Read the company’s press release.