On November 30, 2011, Kramer Levin client Fundtech Ltd. announced that the merger of Fundtech with F.T. Israeli Mergerco Ltd., an indirect, wholly-owned subsidiary of US FT Parent, Inc., both of which were formed by GTCR Fund X/A LP or its affiliates, had been completed following satisfaction of the conditions to closing, including approval of the Company's shareholders at a special meeting of the Company's shareholders, held on October 25, 2011. The deal was valued at $388 million.
The Kramer Levin team that worked on the deal included Corporate partners Abbe L. Dienstag, Scott S. Rosenblum and Richard H. Gilden.