Press Release

Kirkland Advises Advent International on Lead Role in $150 Million Series C Financing Round for Tekion

Kirkland & Ellis advised Advent International (“Advent”) on its lead role in a Series C financing round of $150 million for Tekion, a cloud technology company and provider of SaaS retail operating platform (aka DMS) founded by former Tesla CIO and experienced technology leader Jay Vijayan, at over a $1 billion valuation for Tekion. The financing round also included participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and FM Capital (a fund that includes a large number of top 100 dealers in the country as its limited partners). Tekion’s other key investors from the Automotive industry include General Motors, BMW iVentures and Nissan-Renault-Mitsubishi Alliance Ventures.

Read the press release from Advent International 

The Kirkland team was led by transactional partners Adam Phillips and Jonathan Manor and associates Eva Mak and Kristie Shu.