Gibson, Dunn & Crutcher and Clark Hill advised private equity firm MidOcean Partners on the sale of its majority stake in The Planet Group, a provider of outsourced staffing and consulting services.
The two law firms also advised Chicago-based Planet Group. Barack Ferrazzano Kirschbaum & Nagelberg advised Planet Group management. No financial terms were disclosed for the transaction.
Planet is headed for a merger with ProPharma Group, a portfolio company of private equity firm Odyssey Investment Partners. ProPharma provides outsourced regulatory, compliance, and medical information services for pharmaceutical, biotechnology, and medical device companies, according to a statement.
Planet provides specialized staffing services to companies in a wide range of sectors.
Odyssey, which got deal advice from Latham & Watkins, said Overland Park, Kan.-headquartered ProPharma will benefit from Planet’s life sciences consulting services. ProPharma also will enhance Planet’s ability to serve the global talent market, Odyssey said.
To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com
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