Press Release November 26, 2013

Goodwin Advises TA Associates on Majority Investment in Accruent

Goodwin Procter advised longstanding client TA Associates, a global private equity firm, on its recently completed majority investment in Accruent, LLC, the largest independent provider of real estate and facilities software. Vista Equity Partners will retain an ownership interest. Terms of the transaction were not disclosed.

Founded in 1968, TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 430 companies around the world and has raised $18 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong and more than 80 investment professionals, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the technology, financial services, business services, healthcare and consumer industries.

Accruent, based in Austin, TX and founded in 1995, helps real estate and facilities leaders deliver long-term operational and financial performance through purpose-built industry suites that deliver greater customer value. Accruent’s six product brands are used by more than 1,200 organizations in 56 countries, including nearly 45% of the Top 100 Retailers, 20% of the Fortune 500, 100 leading universities, all of the Top 4 U.S. Wireless Carriers, and leading service providers managing more than 1.5 billion square feet of property.

A bi-coastal team of Goodwin attorneys advised on the transaction, led by partners Brian McPeake (San Francisco), Laura Rupenian (San Francisco) and Kevin Dennis (Boston). In addition to their work on the deal, Goodwin’s West Coast team also advised TA Associates on related financing.

Please see the TA Associates press release for additional information on the transaction.