Ropes & Gray represented Partners Group in its agreement to become the majority owner of Idera Inc., a leading global provider of software solutions for IT professionals. Idera delivers B2B software productivity tools used by millions of community members and more than 50,000 customers worldwide including some of the world's largest healthcare, financial services, retail, and technology companies.
Current shareholders HGGC and TA Associates will continue as equity investors moving forward, along with Idera's management team. The transaction was announced on January 22, and the press release is available here. Partners Group’s majority investment in Idera comes on the heels of two other Ropes & Gray-led transactions, a majority investment in Wedgewood Pharmacy (announced on December 9) and the acquisition of Careismatic Brands (announced on January 7).
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over $145 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally.
The Ropes & Gray team that advised Partners Group was led by private equity partner Bob Rivollier (New York), and included employment, executive compensation & benefits partner Danna Kivell (New York), tax partner Adam Greenwood and tax associate Michael Shulman (both of New York).
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.