Ropes & Gray Advises Harvest Partners in its Acquisition of a Stake in Convergint Technologies
Ropes & Gray advised Harvest Partners, LP, in its acquisition of a stake in Convergint Technologies Inc. Harvest Partners along with Leonard Green & Partners purchased equity in Convergint from a fund managed by Ares Private Equity Group, a unit of Management Corporation, and other existing shareholders. As a result of the transaction, Ares, LGP and Harvest will be financial partners with the company.
Terms of the deal were not disclosed. The transaction was announced on Dec. 16 in a press release.
Convergint is a global, industry-leading systems integrator that designs, installs, and services electronic security, cybersecurity, fire and life safety, building automation, and audio-visual systems. Harvest Partners is an established New York-based private equity investment firm that focuses on investments in middle-market companies
The Ropes & Gray team that advised Harvest Partners was led by private equity partner Carolyn Vardi (New York), and included benefits partners Alexandra Alperovich and Kyle Higley (all of Boston), tax partner Adam Greenwood (New York) and IP transactions partner Erica Han (Boston).