Ropes & Gray Advises TPG Growth, JMI Equity and PowerPlan Inc. on Sale of PowerPlan to Thoma Bravo
Ropes & Gray counseled TPG Growth and JMI Equity on the sale of portfolio company PowerPlan Inc. to Thoma Bravo. PowerPlan is an Atlanta, Ga.-based software company providing accounting, tax and capital budgeting optimization solutions for asset-intensive businesses within the utility, oil and gas, transportation, and telecom industries. The deal was announced on Feb. 23; financial terms were not disclosed.
The Ropes & Gray deal team included private equity partner Carl Marcellino (New York); executive compensation & employee benefits principal Harvey Cotton (Boston); executive compensation & employee benefits partner Allie Alperovich (New York); tax partner Lee Allison (New York); labor & employment partner Jeffrey Webb (Boston); and antitrust counsel Deidre Johnson (Boston).