Micah Kegley

Micah Kegley

Partner, Mergers and Acquisitions

Micah Kegley concentrates his practice in the areas of mergers and acquisitions, securities law and general corporate matters in a variety of industries, including health care and telecommunications.

Bio

Mr. Kegley represents acquirers, targets and special committees in significant transactions, including public and private acquisitions and divestitures, going-private transactions, auctions, public company and private company tender offers, joint ventures, corporate venture capital and cross-border transactions. Representative matters include:

  • Centene Corporation in a number of transactions, including its:
    • $19.6 billion acquisition of WellCare Health Plans, Inc. (including the related divestitures of IlliniCare Health Plan, Missouri Care and WellCare of Nebraska)
    • $2.5 billion acquisition of Magellan Health, Inc.
    • acquisitions of Apixio, Community Medical Group, MHM Services, PANTHERx Specialty Pharmacy and the Medicaid membership of NextLevel Health Partners
    • $1.35 billion sale of Magellan Rx to Prime Therapeutics
    • $750 million sale of Magellan Specialty Health to Evolent Health, Inc.
    • sales of Casenet, Centurion, HealthSmart and U.S. Medical Management
    • cooperation agreement with Politan Capital Management
  • The Advisory Board Company in its strategic review process and resulting $2.6 billion multiparty sale of its health care business to OptumInsight, Inc. and education business to Vista Equity Partners
  • FC PAC Holdings, LLC, a medical-services holding company sponsored by a consortium of private equity funds, in its acquisition and subsequent sale of Hospice Compassus
  • RHA Health Services, Inc., a provider of intellectual and developmental disabilities, behavioral health and substance abuse care, in the sale of its Utah-based operations
  • a consortium of private equity funds in its sale of RHA Health Services, Inc. to Blue Wolf Capital Partners
  • Intelsat S.A. in its pending $3.1 billion sale to SES S.A.
  • Sprint Nextel Corporation in its $21.6 billion sale of a 78% stake to Softbank Corporation and its $3.5 billion acquisition of the shares of Clearwire Corporation that it did not already own
  • Performance Food Group Company in a number of transactions, including its:
    • $2.5 billion acquisition of Core-Mark Holding Company, Inc.
    • $2 billion acquisition of Reinhart Foodservice, LLC
    • acquisition of Merchants Foodservice
  • Global Guardian in its sale to Align Capital Partners
  • Dynegy Inc. in a number of transactions, including its:
    • $1.74 billion stock-for-stock merger with Vistra Energy
    • $3.3 billion acquisition of Engie’s U.S. fossil generation portfolio, including (i) the formation of a joint venture with Energy Capital Partners (ECP) to effect the acquisition, (ii) Dynegy’s subsequent $375 million purchase of ECP’s interests in the joint venture and (iii) Dynegy’s $150 million sale of common stock to an affiliate of ECP
  • TECO Energy, Inc. in its $6.5 billion sale to Emera Inc. - Infigen Energy Ltd. in its $275 million sale of its equity interests in 18 U.S. wind farms and U.S.-based asset management and operations business to ArcLight Capital Partners
  • JLL Partners in its acquisition of a majority interest in Aviation Technical Services
  • Privilege Underwriters, Inc., the holding company for PURE Insurance, in its equity recapitalization with investments from Stone Point Capital and Kohlberg Kravis Roberts & Co., and in XL Group Plc’s minority investment in Privilege Underwriters
  • Del Frisco’s Restaurant Group in its $325 million acquisition of Barteca Holdings
  • Digital Media Solutions, LLC in its $757 million de-SPAC transaction with Leo Holdings Corp.
  • the special committee of Fifth Street Asset Management Inc. in a strategic review process, which resulted in Fifth Street’s $320 million asset sale of its business development company advisory business to Oaktree Capital Management, L.P.
  • Fifth Street Finance Corp. in its settlement with activist investor RiverNorth Capital Management, LLC
  • Gannett Co., Inc. in its unsolicited proposed but terminated acquisition of Tribune Publishing Company and Gannett’s related proxy contest to withhold votes from Tribune’s director nominees

Credentials

Education

  • J.D., The University of Texas School of Law, 2011 (High Honors; Order of the Coif; Chancellors Honor Society; Articles Editor, Texas Law Review; Managing Editor, Texas Review of Law & Politics)
  • B.A., with distinction, University of Virginia, 2006

Admissions

  • District of Columbia

Experience

  • Law Clerk, Hon. Ed Carnes, U.S. Court of Appeals for the Eleventh Circuit (2011-2012)

Micah Kegley

Partner, Mergers and Acquisitions
micah.kegley@skadden.com