Willkie Farr & Gallagher

Bending Spoons finalizes acquisition of U.S.-based community-building platform, Meetup, and announces $50,000 Community Fund

Retrieved on: 
Mercredi, janvier 24, 2024
Internet, Communications, Social Media, Technology, Software, Pillsbury Winthrop Shaw Pittman, Bending Spoons, LLP, Partners Capital, Willkie Farr & Gallagher, McDermott Will & Emery, M&A, Acquisition, National Lottery Community Fund, Spondyloarthropathy, Growth

Today, Italian technology company Bending Spoons announced the completion of its acquisition of the renowned US-based community-building platform, Meetup.

Key Points: 
  • Today, Italian technology company Bending Spoons announced the completion of its acquisition of the renowned US-based community-building platform, Meetup.
  • Several products in the Bending Spoons portfolio, which includes Remini, Splice, and Evernote, are among the most popular in their segments.
  • Bending Spoons intends to leverage its powerful proprietary technologies and expertise to ensure a bright future for Meetup.
  • To mark the acquisition and further the Meetup mission, Bending Spoons has also announced the Meetup Community Fund.

Comtech Announces $45 Million Strategic Investment and Exchange of Convertible Preferred Stock

Retrieved on: 
Lundi, janvier 22, 2024
Technology, Mobile, Wireless, Satellite, Other Technology, Telecommunications, Aerospace, Manufacturing, Networks, Internet, White hat (computer security), LLP, Willkie Farr & Gallagher, Magnetar, Committee, Documentation, CMTL, Partner (business rank), White, Security (finance), Sidley Austin, Line of credit, Management

In connection with the investment, the Company exchanged all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock.

Key Points: 
  • In connection with the investment, the Company exchanged all outstanding shares of Comtech’s existing convertible preferred stock for a new series of convertible preferred stock.
  • “Magnetar and White Hat understand our Company, our end markets, and the potential of our One Comtech vision.
  • “We recognize Comtech’s potential and believe this investment further supports the Company’s commitment to developing and delivering mission-critical solutions for its customers.”
    White Hat and Magnetar purchased $45.0 million of a new series of convertible preferred stock and exchanged all outstanding shares of Comtech’s existing convertible preferred stock for shares of the new series of convertible preferred stock.
  • Further details will be included in the Company’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission.

Blue Wolf Capital Finalizes Acquisition of LOGISTEC Corporation in Partnership With Stonepeak

Retrieved on: 
Mardi, janvier 9, 2024
Professional Services, Finance, Senior, Canadian National Railway, Blue Wolf, LLP, Willkie Farr & Gallagher, Multimedia, Partnership, Committee, Investment, Rothschild & Co, Acquisition, Growth, Management

Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, has completed its acquisition of Montreal-based LOGISTEC Corporation (“LOGISTEC” or “the company”).

Key Points: 
  • Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, has completed its acquisition of Montreal-based LOGISTEC Corporation (“LOGISTEC” or “the company”).
  • This transaction builds on Blue Wolf’s track record of successful investments in the industrial sector and demonstrates a commitment to North American industry.
  • “LOGISTEC has a well-earned reputation for operational excellence providing marine and environmental services across critical infrastructure and industrial markets,” said Bennet Grill, Partner at Blue Wolf and incoming Chairman at LOGISTEC.
  • McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP acted as legal advisors to Blue Wolf.

Liberty Hall Capital Partners Announces Merger of Comply365 and Vistair

Retrieved on: 
Lundi, janvier 8, 2024
Insight Partners, Partnership, Lincoln International, Software as a service, Heart, Willkie Farr & Gallagher, Insight, Investment, Safety, Growth, Aviation, Partner (business rank)

CHARLESTON, S.C., BELOIT, Wis. and BRISTOL, England, Jan. 8, 2024 /PRNewswire/ -- Liberty Hall Capital Partners ("Liberty Hall"), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced today the merger of Comply365, LLC ("Comply365"), an existing Liberty Hall portfolio company, and Vistair Limited ("Vistair") to create a leading global provider of compliance, safety and data intelligence technologies serving the aviation, defense and rail industries with over 120 customers located in over thirty countries on six continents. Terms of the transaction were not disclosed.

Key Points: 
  • In connection with the merger, Insight Partners, a global software investor, has joined Liberty Hall as an equal investor in the combined business.
  • "Liberty Hall is pleased to have played a supportive role in Comply365's journey, and we look forward to continued success as Comply365 and Vistair come together to better serve their global customers."
  • Lincoln Intern ational served as financial advisor to Comply365 and Harris Williams and Lincoln International served as financial advisors to Insight Partners and Liberty Hall.
  • Legal advice to Comply365 and Liberty Hall was provided by Gibson Dunn & Crutcher and legal advice to Insight Partners was provided by Willkie Farr & Gallagher.

Comply365 and Vistair Announce Merger and Strategic Growth Investment from Insight Partners and Liberty Hall Capital Partners

Retrieved on: 
Lundi, janvier 8, 2024
Insight Partners, Partnership, Lincoln International, Heart, Willkie Farr & Gallagher, Insight, Investment, Growth, Safety, Aviation

BELOIT, Wis. and BRISTOL, England, Jan. 8, 2024 /PRNewswire/ -- Comply365, LLC ("Comply365") and Vistair Limited ("Vistair") today announced completion of a merger to create a leading global provider of compliance, safety and data intelligence technologies serving the aviation, defense and rail industries with over 120 customers located in over thirty countries on six continents. Rob Morgan, current Chief Executive Officer of Vistair, has been appointed Chief Executive Officer of the combined company and Tom Samuel, current Chief Executive Officer of Comply365, has been appointed Vice Chairman of the combined company's board of directors and will lead the integration of the two businesses. Terms of the transaction were not announced.

Key Points: 
  • "We are confident in the immense potential created from the merger of Comply365 and Vistair," said Henry Frankievich, Managing Director at Insight Partners.
  • We are excited to join forces with our partners at Liberty Hall to bolster and support ongoing product investment and growth."
  • Lincoln International served as financial advisor to Comply365 and Harris Williams and Lincoln International served as financial advisors to Insight Partners and Liberty Hall.
  • Legal advice to Comply365 and Liberty Hall was provided by Gibson Dunn & Crutcher and legal advice to Insight Partners was provided by Willkie Farr & Gallagher.

Conn’s, Inc. Announces Transformative Transaction with W.S. Badcock LLC

Retrieved on: 
Lundi, décembre 18, 2023
Conference, Electronics, Love, Sidley Austin, E-commerce, Franchise Group, Webcast, Willkie Farr & Gallagher, Online shopping

Badcock LLC (“Badcock”), a leading home furnishings company in the southeastern U.S., becoming a wholly-owned subsidiary of the Company.

Key Points: 
  • Badcock LLC (“Badcock”), a leading home furnishings company in the southeastern U.S., becoming a wholly-owned subsidiary of the Company.
  • Founded in 1904, Badcock operates nearly 380 stores in eight southeastern states comprised of 65+ corporate locations and 310+ independent dealer owned stores.
  • Badcock offers customers affordable payment plans, including Badcock Easy Purchase, an in-house payment solution.
  • Mitchell Stiles, President and COO of Badcock, will lead Badcock and report to Conn’s CEO, Norm Miller.

Carlyle and Insight Partners to Invest in Exiger, a High-Growth AI Supply Chain Risk & Resilience Software Company, in Partnership with Management

Retrieved on: 
Mardi, décembre 19, 2023
Government, Insight Partners, Discovery Air, McKinsey & Company, Partnership, PwC, Risk, Boston Consulting Group, Jefferies Group, LLP, Ernst & Young, Software as a service, Latham & Watkins, Deutsche Bank, AI, Sidley Austin, Growth, Organization, Willkie Farr & Gallagher

The company's management, founders, and existing investor Carrick Capital Partners will reinvest equity as part of this transaction.

Key Points: 
  • The company's management, founders, and existing investor Carrick Capital Partners will reinvest equity as part of this transaction.
  • "Exiger's AI technology transforms the way organizations identify and manage risk, reduce cost and increase resilience across their supplier and third-party ecosystems.
  • Insight is excited to partner with the Exiger management team and Carlyle to drive the next phase of growth at Exiger as they scale up."
  • Alvarez & Marsal, Boston Consulting Group, Nextfed, and PricewaterhouseCoopers served as advisors to Carlyle and Insight Partners.

Carlyle and Insight Partners to Invest in Exiger, a High-Growth AI Supply Chain Risk & Resilience Software Company, in Partnership with Management

Retrieved on: 
Mardi, décembre 19, 2023
Government, Insight Partners, Discovery Air, McKinsey & Company, Partnership, PwC, Risk, Boston Consulting Group, Jefferies Group, LLP, Ernst & Young, Software as a service, Latham & Watkins, Deutsche Bank, AI, Sidley Austin, Growth, Organization, Willkie Farr & Gallagher

The company's management, founders, and existing investor Carrick Capital Partners will reinvest equity as part of this transaction.

Key Points: 
  • The company's management, founders, and existing investor Carrick Capital Partners will reinvest equity as part of this transaction.
  • "Exiger's AI technology transforms the way organizations identify and manage risk, reduce cost and increase resilience across their supplier and third-party ecosystems.
  • Insight is excited to partner with the Exiger management team and Carlyle to drive the next phase of growth at Exiger as they scale up."
  • Alvarez & Marsal, Boston Consulting Group, Nextfed, and PricewaterhouseCoopers served as advisors to Carlyle and Insight Partners.

Near Intelligence Files for Chapter 11 Protection and Enters into Agreement to Sell its Business

Retrieved on: 
Vendredi, décembre 8, 2023
Online Privacy, Technology, Marketing, Communications, Professional Services, Software, Digital Marketing, Data Analytics, Data Management, Artificial Intelligence, Sale, United States bankruptcy court, DIP, LLP, Willkie Farr & Gallagher, Debtor, Ernst & Young, Bankruptcy Code, Intelligence, Bankruptcy, Security (finance)

The Debtors’ existing secured lenders are supportive of the Chapter 11 proceeding and court supervised sale process.

Key Points: 
  • The Debtors’ existing secured lenders are supportive of the Chapter 11 proceeding and court supervised sale process.
  • In order to provide necessary funding during the Chapter 11 proceeding, Near has obtained a multi-draw DIP financing facility in an aggregate principal amount of up to $16 million from its existing secured lenders.
  • In addition, the closing of the transaction will be subject to the satisfaction or waiver of customary closing conditions.
  • Additional information about the Chapter 11 case, including access to Bankruptcy Court documents, is available online at https://cases.ra.kroll.com/near .

Alteryx Enters into Definitive Agreement to Be Acquired by Clearlake Capital Group and Insight Partners for $4.4 Billion

Retrieved on: 
Lundi, décembre 18, 2023
Cloud, Sale, NYSE, Partner (business rank), AYX, Organization, Entrepreneurship, Data science, Sidley Austin, Qatalyst Partners, LLP, J.P. Morgan & Co., Investment, Willkie Farr & Gallagher, Goldman Sachs, Artificial intelligence, Morgan Stanley, Machine learning, Software, Partnership, Software as a service, Committee, AI, Insight Partners, Professional corporation, Security (finance), Management, Financial adviser, Alteryx, Insight

IRVINE, Calif., Dec. 18, 2023 /PRNewswire/ -- Alteryx, Inc. (NYSE: AYX), the Analytics Cloud Platform company, today announced that it has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with certain of its affiliates, "Clearlake") and Insight Partners ("Insight"), two global private equity firms, in a transaction valued at $4.4 billion, including debt. Upon completion of the transaction, Alteryx will become a privately held company.

Key Points: 
  • Under the terms of the agreement, Alteryx stockholders will receive $48.25 per share in cash for each share of Alteryx Class A or Class B common stock that they own.
  • "We're pleased to announce our agreement with Clearlake and Insight.
  • We are excited to partner with Clearlake and Insight for the next stage of Alteryx's journey.
  • "Our agreement with Clearlake and Insight validates the strength of our business and the value of Alteryx's capabilities and innovation."