Simpson Thacher & Bartlett is representing Apax Partners-affiliated funds in an acquisition of 100% of equity in legal practice management software company MyCase Inc. for around $193 million in cash, according to the law firm.
Kirkland & Ellis is advising seller AppFolio Inc., a Santa Barbara, Calif.-headquartered provider of cloud-based business software solutions, services, and data analytics.
Founded in 2010, California-based MyCase’s tools include lead and case management, billing and invoicing, and reporting.
“MyCase software and its integrated payments greatly simplify law firm operations, so legal professionals have more time to do what they love most —serving their clients,” said Ajax partner Umang Kajaria in a statement. “Increasing adoption of cloud-based legal software is driving rapid growth, and MyCase is a leader in modern legal practice management through its best-in-class product and customer centricity.”
Kim Coalson, president of MyCase said the deal is “a great opportunity for MyCase to increase the breadth of our product and accelerate growth, while continuing to provide the high level of service our customers expect.”