$1.125 billion recapitalization of IDERA

Kirkland & Ellis LLP advised both HGGC, a leading middle market private equity firm, and IDERA, a leading provider of database lifecycle management solutions and application development tools, on a $1.125 billion recapitalization of IDERA.

HGGC’s investment is being done in partnership with TA Associates, which has owned IDERA since 2014, and IDERA management. Upon completion of the deal, HGGC will be the controlling investor in IDERA, with TA Associates and management retaining a significant ownership stake. The recapitalization includes funding for a pending add-on acquisition by IDERA that is signed and expected to close in the coming months.

The Kirkland team that represented HGGC was corporate partners Travis Lee Nelson (Picture) and Nadia Karkar; debt finance partner Sonali Jindal; and tax partner Kevin Coenen.

The Kirkland team that represented IDERA and TA Associates was corporate partners Adam Phillips and Lilit Voskanyan; debt finance partners Christopher Kirkham and Brian Ford; and tax partner Keith Villmow.

 

Involved fees earner: Travis Lee Nelson – Kirkland & Ellis; Nadia Karkar – Kirkland & Ellis; Sonali Jindal – Kirkland & Ellis; Kevin Coenen – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Lilit Voskanyan – Kirkland & Ellis; Christopher Kirkham – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Keith Villmow – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: TA Associates; HGGC, LLC; IDERA Inc.;