Annie Herdman

Experience

• Acting for National Amusements, Inc., the majority voting shareholder of Paramount Global, in a $125 million preferred equity investment in NAI by BDT Capital Partners.
• Acting for Crosspoint Capital Partners as leading investor in a €65 million Series A follow-on funding round for Ireland-based Everseen.
• Acting for Advent International and Warburg Pincus in their $4.25 billion investment in Baxter International Inc.’s BioPharma Solutions (BPS) business.
• Acting for CVC Capital Partners and its portfolio company System C on the acquisitions of Clevermed and Oxford Computer Consultants.
• Acting for Source Advisors on its acquisition of GovGrant.
• Acting for Cinven on its acquisition of MBCC Admixtures from Sika.
• Acting for AEA Investors on its sale of LoneStar to Epiris.
• Acting for Envision Pharma Group on its acquisition of OKRA.ai.
• Acting for TPG in connection with its:
• $500 million acquisition of a majority stake in Elite;
• $2 billion sale of Immucor to Werfen;
• Kaseya’s $6.2 billion acquisition of Datto; and
• $4 billion joint acquisition of Covetrus.
• Acting for Bain Capital in connection with its:
• US$1.4 billion acquisition of Mash Holdings;
• €955.3 million acquisition of Caverion Corporation; and
• investment in Enterprise DB.
• Acting for Bain Capital Tech Opportunities in its US$150 million minority investment in Ataccama.
• Advised Bain Capital Special Solutions in its co-investment in the advanced materials business of Hanwha Solutions, alongside Glenwood Credit.
• Acting for BDT & Co in connection with its merger with MSD Partners LP.
• Acting for HUTCHMED in connection with a worldwide license agreement with Takeda Pharmaceutical for up to $1.13 billion.
• Acting for TSG in connection with its:
• acquisition of a majority stake in Radiance Holdings; and
• acquisition of Cadogan Tate.
• Acting for Silver Lake in connection with its $1.46 billion sale of ServiceMax to PTC.
• Acting for Berkshire Partners in its
• acquisition of a majority stake in AHEAD, a provider of enterprise cloud services, from Centerbridge Partners.
• investment in Point Broadband.
• Acting for Two Sigma in connection with its investment in Milestone Technologies.
• Acting for Cinven in its:
• $720 million acquisition of TaxAct.
• acquisition of MBCC Admixtures from Sika.
• Acting for Genstar Capital and Advarra in connection with the sale of a majority stake in Advarra to Blackstone and the Canada Pension Plan Investment Board (CPPIB).
• Acting for GHO and Vistria in connection with their acquisition of Alcami.
• Acting for 3i Group plc in connection with its investment in Digital Barriers.
• Acting for HIG Capital in connection with its $950 million acquisition of Avient Corp’s Distribution Unit.
• Acting for GI Partners in its acquisition of Atlas Technical Consultants for $1.05 Billion.
• Acting for Kohlberg & Company and Alacrity Solutions Group in strategic investment from BlackRock Alternatives Long Term Private Capital. 
• Acting for Source Advisors on its acquisition of GovGrant.

Experience prior to joining Ropes & Gray:

Mergers & Acquisitions

• Bain Capital and Hellman & Friedman on their $17 billion acquisition of athenahealth.
• KKR on its joint $15 billion acquisition of CyrusOne Inc., a premier global data centre REIT.
• Blackstone on its $1 billion partnership with Hipgnosis Song Management.
• Blackstone on the acquisition of a majority stake in VFS Global, a global leader in visa outsourcing services.
• Bain Capital on its €1.7 billion acquisition of ITP Aero, an aero engine and gas turbine manufacturer from Rolls-Royce.
• Bain Capital on its investment in Berlin Brands Group, a global e-commerce company.
• Apex on the €1.51 billion acquisition of Sanne Group plc.
• GIC on its agreement to acquire an aggregate shareholding in Belron, the world’s leading vehicle glass repair and replacement group.
• Genstar Capital and its portfolio company 2020 Technologies on the agreement to merge 2020 with Compusoft, creating a leading provider of space planning solutions.
• Hg and Vista Equity Partners on the sale of Allocate, a leading workforce and people management software-as-a-service provider, to RLDatix.
• Bain Capital and its consortium partners on the €2.1 billion proposed public takeover of Ahlstrom-Munksjö Oyj.
• The bidding consortium led by Advent, Cinven and the RAG-Stiftung on the $18.7 billion acquisition of the elevator division of thyssenkrupp AG, the largest European buyout transaction to date.
• Vitruvian Partners on the sale of Unifaun, a cloud delivery orchestration platform serving the European logistics ecosystem, to Marlin Equity Partners.
• Warburg Pincus on its minority investment in Visma, a leading provider of business-critical software in a transaction valuing the business at an enterprise value of $12.2 billion.
• Triton Partners on the agreement to sell Polygon Holding AB to funds managed by AEA Investors LP.
• KPS Capital Partners on the $550 million acquisition of Briggs & Stratton Corporation.
• Warburg Pincus on its co-investment in the combined group of Tilney Smith & Williamson.
• GIC on the over $1 billion co-investment with Equinix to develop and operate xScale™ data centres in Japan.
• TDR Capital and its portfolio company, Stonegate Pub Company, on the £1.27 billion recommended cash offer for Ei Group (requiring UK commitments).
• Bain Capital and Cinven on their €5.3 billion joint public takeover offer for the German pharmaceutical company Stada Arzneimittel AG; to date the largest transaction of its kind in Germany.
• Bain Capital on its $3.2 billion acquisition of Diversey (the food hygiene and cleaning division of Sealed Air Corporation).
• Delphi Technologies PLC on its $3.3 billion sale to BorgWarner Inc.
• Duff & Phelps on its $4.2 billion agreement to be acquired by a global investor consortium led by Stone Point Capital and Further Global.
• GIC on the €950 million buyout acquisition of a pan-European logistics platform from Apollo.
• Thoma Bravo on the £3.1 billion recommended cash offer for Sophos, a global leader in next-generation cybersecurity solutions.
• Infineon Technologies AG on its $10 billion acquisition of Cypress Semiconductor Corporation.
• Tenneco Inc. on its $5.25 billion acquisition of Federal-Mogul LLC.
• The Boeing Company on its $4.25 billion acquisition of KLX.
• American Securities LLC on its acquisition of Prince International Corporation, a manufacturer of mineral-based specialty additives.
• Creat Group Corporation on its acquisition of Biotest AG; securing unconditional UK clearance.
• Crestview Partners in connection with the acquisition by Accuride Corporation of mefro wheels; conditional EU Phase I clearance.
• Tronox in connection with its $2.2 billion acquisition of Cristal’s titanium dioxide business.
• A global science and technology innovator on its $13.8 billion acquisition of a global provider of filtration, separation and purification systems.
• Infineon Technologies AG on its $3 billion acquisition of International Rectifier Corporation.
• A global science and technology innovator on its $2.2 billion acquisition of a leading innovator of implant-based dental restorations.
• Solera Holdings, Inc. on its $463.8 million acquisition of CAP Automotive Limited.
• Intel Corporation’s acquisition of Lantiq.
• Bain Capital on its acquisition of Bugaboo, a Dutch design company that develops and produces mobility products.
• Bain Capital on the acquisition of MSX International.
• Thoma Bravo LLC on its $3 billion acquisition of Qlik Technologies Inc.
• Bain Capital and Vista on their $2.7 billion joint acquisition of Vertafore.
• Vista on its $1.65 billion acquisition of Cvent, Inc.
• Thoma Bravo on its $4.5 billion joint acquisition of Solarwinds.

Litigation & Counseling:

• An automotive parts manufacturer on an international cartel investigation in the automotive exhaust system industry.
• International firms on potential breaches of Article 101 TFEU in the medical device and automotive sectors.
• Clients in the automotive parts and shipping industries in relation to investigations by the European Commission into possible breaches of Article 101 TFEU.
• Numerous companies on antitrust aspects of proposed information exchanges.
• Devising and delivering training, and advising on antitrust/competition compliance for numerous sophisticated corporate clients across Europe.