Ropes & Gray advised Audax Private Equity in the creation of Renovo Home Partners. Terms of the transaction were not disclosed. The transaction was announced on Jan. 31 in a press release.
Based in Dallas, Texas, Renovo Home Partners is a direct-to-consumer provider of repair and remodel services focused on high-volume quick-turn bath, window, siding, roofing, and other remodeling services. Audax Private Equity is a leading alternative investment manager which has invested over $8 billion in more than 150 platforms and over 1050 add-on companies, and is currently investing out of its $3.5 billion, sixth private equity fund.
The team that advised Audax Private Equity was led by private equity partner Ken Chow (Boston), and included leveraged finance partner Gregory Bauer (Chicago), IP transactions counsel Emilia Cannella (Boston) and litigation & enforcement counsel Steven Kaye (Boston).
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