Ropes & Gray Advises Oakley Capital on Sale of TechInsights
Ropes & Gray has advised Oakley Capital on the sale of Oakley Capital Private Equity III’s (“Fund III”) stake in TechInsights, an information services platform for the microelectronics sector.
As part of the transaction, Oakley Capital Fund IV will acquire a majority stake in TechInsights alongside CVC Growth Funds to benefit from the strong future growth potential of the business, as well as the significant strategic and sectoral synergies CVC Growth offers.
Fund III first invested in TechInsights in 2017 as a carveout from AXIO Group – on which Ropes & Gray also advised. During its period of ownership, Oakley has supported management in transforming the business model by shifting its revenue base from one-off projects to higher quality subscription revenues. The integration of three bolt-on acquisitions further strengthened its position as a leader in its field, and today TechInsights provides syndicated content to blue chip companies around the world.
The Ropes & Gray team was led by private equity transactions partner Helen Croke, with associate Eamon Gallagher. Other members of the team included tax partner Chris Agnoli and associate Charlie Voisey, data, privacy & cybersecurity associate Edward Machin, litigation & enforcement counsel Paige Berges, trainee William Allen (all London) and finance counsel Alyson Stewart (Boston).