Ropes & Gray Represents EQT Private Equity in its Acquisition of Avetta

In The News
April 2, 2024

Ropes & Gray advised EQT Private Equity on its agreement to acquire Avetta (the “Company”) from Welsh, Carson, Anderson & Stowe (“WCAS”). Avetta is a global leader in supply chain risk management software. The transaction was announced in an April 2 press release.

The transaction is subject to customary conditions and approvals and slated for completion in the coming months, pending customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.

EQT is a purpose-driven global investment organization with EUR 232 billion in total assets under management (EUR 130 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

The Ropes & Gray team included private equity partners Scott Abramowitz, Neill Jakobe, Garrett Charon and Jessica Murray, associate Dee Kuchukulla, finance partners Michael Lee and Andrea Hwang, IP transactions partner Jordan Altman, tax partner Adam Greenwood, litigation & enforcement partners Brendan Hanifin and Jeff Bushofsky, tax partner Brandon Dunn, benefits partner Jen Cormier, IP transactions counsel Emily Karlberg and litigation & enforcement counsel Charlie Zagnoli.