Kirkland & Ellis counseled Advantive, LLC, a portfolio company of TA Associates and a provider of mission-critical software for specialty manufacturing and distribution businesses, on its growth recapitalization led by a syndicate of investors including Insight Partners and OA Private Capital. TA remains the largest equity holder in Advantive. Terms of the transaction were not disclosed. The transaction closed on September 15, 2023.
The Kirkland team was led by corporate partners Adam Phillips and Elena Simion and associates John Sheridan, Joe Caputo and Danielle Kim; tax partner Devin Heckman and associate Zak Morozov; debt finance partner Kathryn Leonard and associates Conor O'Muiri, Griffin Romney and Whitney Greer; technology & IP transactions partners Daniel Lewis and Amber Harezlak and associate Justin Garfinkle; executive compensation partner Rohit Nafday and associates Anthony Ji and Devin Kern; employee benefits partner Chris Chase and associate Milteva Andonellis; employment & labor partner Sydney Jones and associates Jaime Wamble and Maayan Sachs; environmental transactions partner Paul Tanaka and associate Matt Swanson; and antitrust partners Mike Thorpe and Sion Davies and associates Catherine Kordestani and Sandeep Ravikumar.