Business & Practice

Sidley, Dechert Steer in Clearlake Unit’s Asset Management Deal

Oct. 16, 2020, 10:55 AM

Sidley Austin is representing Clearlake Capital Group portfolio company Dude Solutions as it acquires asset-management platform Confirm for an undisclosed amount, a representative for the law firm said.

Dechert said it advised the seller, Centerbridge Partners portfolio company Precisely. Confirm’s platform streamlines information about public and private sector organizations’ assets, allowing them to make cost-efficient and informed decisions on use, repairs, maintenance, and investments, according to the company’s website.

Clearlake partner and managing director Prashant Mehrotra and principal Paul Huber called Confirm “a natural extension of the Dude Solutions platform, with a suite of software solutions that help government clients automate mission critical asset management workflows.”

Dude Solutions’ executive chairman, Kevin Kemmerer, said the acquisition of Confirm also expands Dude Solution’s presence in both Europe, the Middle East and Africa and Asia-Pacific regions.

To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com

To contact the editor on this story: Chris Opfer in New York at copfer@bloomberglaw.com

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