In what is one of France’s largest-ever growth equity capital rounds, Goodwin represented KKR & Co. LP in its $70 million investment in Ivalua, a software company with operations in Paris and Silicon Valley. The transaction was funded by KKR’s Next Generation Technology fund, a $711 million fund dedicated to growth equity investment opportunities in the technology sector. It is the company’s fourth investment in a French technology company over the last several years. As a result of the deal, KKR becomes a new shareholder in Ivalua, alongside the company’s founders and Ardian, a Paris-based investment firm. The transaction closed on May 18, 2017.
KKR is a leading global investment firm that manages investments across multiple asset classes. It aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level.
Goodwin’s cross-border team was led by partners John LeClaire and Jerome Jouhanneaud and included partner Marie-Laure Bruneel, counsel Isabelle Meyrier and associate Felicien Bardsley in Paris; partner Brian McPeake, associates Brenna Moorhead and Brian Raynor in San Francisco; partner An Yen Hu in Silicon Valley; counsel Orla O'Connor in Washington D.C.; and partners Howard Cubell, Natascha George, James Mattus and Joel Lehrer in Boston.
For additional details on the transaction, please read the press release.