Ropes & Gray Represents 48forty Solutions and Audax Private Equity in New Investment
Ropes & Gray represented 48forty Solutions and Audax Private Equity in a significant investment made by Summit Partners in 48forty.
Terms of the transaction were not disclosed. The transaction was announced Mar. 24, in a press release.
48forty is a provider of end-to-end pallet management solutions across the U.S. and Canada. Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $30 billion in capital. Summit Partners is a global alternative investment firm that manages more than $42 billion in capital.
The Ropes & Gray team was led by private equity partner Kendrick Chow (Boston), and included leverage finance partner Michael Lee (Boston), tax partner Lee Allison (New York), real estate partner Peter Alpert (Boston), benefits partner Jennifer Rikoski (Boston), litigation & enforcement partner Thomas Brown (New York), litigation & enforcement counsel Steven Kaye, Deidre Johnson, and Alison McLaughlin (all of Boston), and mergers and acquisitions counsel Thomas Burke (New York).