Press Release December 19, 2018

Centerbridge to Acquire Civitas Solutions for $1.4 Billion

Goodwin represented funds advised by Centerbridge Partners, L.P. in its definitive merger agreement to acquire Civitas Solutions, Inc. (NYSE: CIVI) for an enterprise value of approximately $1.4 billion. Under the terms of the agreement, Centerbridge will acquire all outstanding shares of Civitas common stock for $17.75 in cash per share of Civitas common stock. The merger agreement was unanimously approved by Civitas’ Board of Directors. The transaction is subject to shareholder approval, expiration or termination of waiting periods under Hart-Scott-Rodino Antitrust Improvements Act, and other customary closing conditions. The acquisition is expected to be completed by the end of the Civitas’s second fiscal quarter.

Founded in 2005, Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines – from private equity to credit and related strategies, and real estate. As of September 2018, the firm had approximately $27 billion in capital under management.

The Goodwin M&A team was led by partners Stuart Cable, Chris Nugent, Lisa Haddad, Jacqueline Mercier and associate Eryn Mathews and included associates Tevia Pollard, Marianne Kurlandski, Kaitlin Adams and Deanna Osganian; the team was also assisted by partners Alessandra Murata, Stephen Charkoudian, Andrew Sucoff, Paul Jin, Jason VollbrachtJames Matarese, Deborah Birnbach and Morgan Mordecai; counsels Eric Roth, Nathan Brodeur, Brian Mukherjee and Kirby Lewis; and associates Grace Wirth, James Devendorf, Tony Guan, Matthew Ambros, Thomas Carlton, Brittany Lischinsky, John Ilardo and Elle Srisirikul.

For additional details on the transaction, please read the press release.