Two Firms Help in Fundraise for Lorient Capital Nursing Gig Unit

At least two law firms provided legal counsel in connection with private equity firm Lorient Capital’s recent $300 million funding round for its portfolio company ShiftKey, a health care staffing technology company.

McDermott Will & Emery said it advised Lorient Capital on the formation of a single-asset continuation vehicle in connection with the fundraise, which valued Dallas-based ShiftKey at over $2 billion.

Gibson Dunn said it represented Ares Management Secondaries funds and Pantheon, which led as investors in the continuation fund. Additional investors included Clearlake Capital and Health Velocity Capital, according to a statement.

As hospitals face staffing shortages, ShiftKey’s ...