Kirkland & Ellis advises Hg, a leading global software investor, and TA Associates, a leading global private equity firm, in the recapitalization of global tax software provider Sovos. Hg will lead the recapitalization through the Hg Saturn 2 Fund, and TA Associates will join as a significant minority investor to support the next wave of the company’s growth.
Read more about the investment in Sovos’ press release
The Kirkland team representing Hg was led by corporate partners Sri Kaushik and Megan Spelman.
The Kirkland team representing TA was led by corporate partner Adam Phillips and associate Jana Glock, with support from corporate partner Sean Kramer.
The Hg team also included corporate associates Greg Knight and Arthur Holland, tax partner Jared Rusman and associate Vivek Ratnam, and investment funds partner Andy Shore. The TA team also included corporate partner Jonathan Manor and associates Annie Zheng and Bella Thornton-Clark, and tax partner Devin Heckman. Employee benefits partner Melissa Grim and healthcare partner Dennis Williams also provided valuable counsel to the transaction.