Cognizant, an IT provider in Teaneck, N.J., announced on Sept. 15 it has paid $2.7 billion in cash to acquire TriZetto Corp., an Englewood, Colo.-based health-care software company, from private equity firm Apax Partners of London. Keith Halverstam, Tom Malone and Ilan Katz of New York City’s Latham & Watkins, as well as attorneys from Mumbai, India-based firm Nishith Desai Associates advised Cognizant, while a New York City-based team from Kirkland & Ellis, led by Leo Greenberg and Srinivas Kaushik, advised TriZetto.
Jersey Gardens Sold for $1B
Glimcher Realty Trust of Columbus, Ohio, on Sept. 16 announced it has sold Elizabeth, N.J.-based outlet mall Jersey Gardens, along with University Park Village shopping center in Fort Worth, Texas, to fellow real estate group Simon Property Group for $1.09 billion in cash. The acquisition was part of Bethesda, Md.-based shopping center operator Washington Prime Group‘s $2 billion purchase of Glimcher, also announced on Sept. 16.
Catamaran Acquired by BH Media
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