Ropes & Gray represented Advent International in closing a $175 million minority investment in TredenceInc., a data science and AI engineering company. The investment closed on December 22.
The funding will strengthen Tredence’s vertical industry capabilities and help Tredence to reach a broader customer base. As part of the transaction, Advent will join the Tredence Board of Directors.
Advent International is one of the largest and most experienced global private equity investors.
The Ropes & Gray team that advised Advent International was led by private equity partner Christian Westra and private equity associate Brandon Winer and included private equity partner Matt Richards, employment & benefits partners Jenny Rikoski and Megan Bisk, capital markets partner Tom Fraser, IP transactions partner Ed Black, data, privacy & cybersecurity partner Fran Faircloth, tax partner Adam Greenwood and litigation & enforcement counsel Deidre Johnson.
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