Kirkland & Ellis advised Centerbridge Partners, L.P. in a deal to acquire a majority stake in enterprise cloud solution provider AHEAD, while Berkshire Partners got advice from Ropes & Gray for its acquisition of a minority stake.
Dechert advised seller Court Square Capital Partners and AHEAD on the transaction, which leaves AHEAD’s management team owning an unspecified but “significant” stake in the company, according to a statement that disclosed no deal terms.
AHEAD builds platforms for digital business, combining advances in cloud infrastructure, intelligent operation, and modern applications. In five years as a Court Square company, it acquired four firms and expanded its revenue by a factor of about 3.6, from $365 million to over $1.3 billion, the statement said.
AHEAD CEO Daniel Adamany said the investment by Centerbridge, which has experience in enterprise services, software, and hardware businesses, will enable the company to continue to innovate and enhance its offerings, and widen its geographical reach. “This is a pivotal moment in our history, and we can’t wait to get to work with our new partners,” Adamany said.
To contact the reporter 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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