Ropes and Gray LLP served as legal advisor and Shea & Company, LLC served as financial advisor to Magnitude. Kirkland & Ellis LLP served as legal advisor to 3i.
Audax Private Equity, in partnership with management, has completed the sale of Magnitude Software, Inc. to 3i Group plc.
Headquartered in Austin, TX, Magnitude is a leading provider of enterprise information management software that delivers insights on business performance in heterogeneous application and fragmented data environments. Magnitude’s product offerings of business application data access, management, and reporting products help business users simplify management of their data and achieve substantial productivity gains. Magnitude maintains strong relationships with leading ERP providers, SAP and Oracle, and continues to focus on global growth across the ERP ecosystem. The Company has over 1,400 customers globally across a variety of sectors including manufacturers, retailers, and financial services companies. Magnitude’s customer base includes approximately 50% of Fortune 100 companies.
The Ropes & Gray team was led by private equity partner Kendrick Chow (Picture) and private equity associate Justin Voeks.
Law Firms: Ropes & Gray;
Clients: 3i Group plc;