Kirkland & Ellis LLP advised Fortive Corporation (NYSE: FTV), a diversified industrial growth company, on its agreement to acquire Accruent, a privately-held, leading provider of physical resource management software, from Genstar Capital, a leading private equity firm, for approximately $2.0 billion in cash. Upon closing, Accruent will become part of Fortive’s Field Solutions platform within Fortive’s Professional Instrumentation segment. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2018. The full press release is available here.
The Kirkland team was led by corporate partners Daniel Wolf and Jonathan Davis and associates James Hu and Romain Dambre; and tax partners Dean Shulman and Vincent Thorn.