A team of Ropes & Gray attorneys is advising TPG Growth in its agreement to acquire MarketTools Inc., a leading provider of software and services for market research and enterprise feedback management. Under the terms of the deal, TPG Growth, TPG's middle-market equity platform, will purchase MarketTools. TPG Growth will then transfer ownership of three MarketTools business lines to SurveyMonkey in exchange for a minority stake in the Palo Alto, Calif.-based online survey company. The transaction is expected to close in January 2012.
The Ropes & Gray team includes corporate partner Carl Marcellino (New York); tax partner Lee Allison (New York); IP transactions partner Ed Black (Boston); labor & employment partner Peter Ebb (Boston); corporate counsel Shree Sinha (Boston); and associates Natalie Linendoll (Boston), Steven Zaorski (New York), Erik Paulson (Boston), and Josh Lichtenstein (New York).