Ropes & Gray Represents Charlesbank Capital Partners in its Investment in Ivanti
Ropes & Gray represented Charlesbank Capital Partners LLC in its investment in Ivanti Inc. Charlesbank will join with existing investors Clearlake Capital Group, L.P. and TA Associates as an institutional shareholder in Ivanti. Terms of the transaction were not disclosed. The transaction was announced on March 9. The press release is here.
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm managing more than $8 billion of capital focused on management-led buyouts and growth capital financings. Headquartered in Salt Lake City, Utah, Ivanti provides solutions that automate IT and security operations, enabling customers to discover, manage, secure and service their IT infrastructure from cloud environments to edge devices.
The Ropes & Gray team that represented Charlesbank was led by private equity partners Kendrick Chow and Taylor Hart (both of Boston), and private equity associate Dee Kuchukulla (New York).