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Ropes & Gray Advises Berkshire Partners on Agreement to Make Minority Investment in AHEAD

Practices: Private Equity

Ropes & Gray advised Berkshire Partners LLC on an agreement for funds managed by it to purchase a minority stake in AHEAD, a leading provider of enterprise cloud solutions. The investment coincides with an agreement by funds advised by Centerbridge Partners L.P. to acquire a majority stake in AHEAD from Court Square Capital Partners. The AHEAD management team will continue to own a significant position in the business.

The transaction was announced on Sept. 1. The press release is here.

Berkshire Partners, a Boston-based investment firm, has made more than 130 private equity investments since its founding over 30 years ago. Centerbridge Partners is a private investment management firm founded in 2005 with approximately $26 billion in capital under management.

The Ropes & Gray team that advised Berkshire Partners included private equity partners Taylor Hart and Christian Westra (both of Boston), and private equity associate Kevin Uhler (Chicago).

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