Permira’s Acquisition of a Majority Stake in Lytx


Fried Frank acted as counsel to Permira Funds (Permira) in its acquisition of a majority stake in Lytx Inc. Kirkland & Ellis provided legal counsel to Lytx. Rothschild & Co. served as exclusive financial advisor to Lytx, while Union Square Advisors LLC served as financial advisor to Permira.

The transaction, expecting to close in the first quarter of 2020, values Lytx in excess of $2.5 billion.

Lytx is a leading provider of machine vision and artificial intelligence-powered video telematics solutions for commercial, public sector, and field services fleets.

Permira is a global investment firm. Founded in 1985, the firm advises funds with a total committed capital of approximately US$48bn (€44bn) and makes long-term investments, including majority control investments as well as strategic minority investments, in companies with the objective of transforming their performance and driving sustainable growth.

The Fried Frank team was led by corporate partner Brian T. Mangino (Picture) and included corporate partners Andrea Gede-Lange, Michael T. Gershberg, Randi Lally, and J. Christian Nahr; executive compensation & ERISA partner Jason R. Ertel; intellectual property and technology partner Amir R. Ghavi; litigation partner Joshua D. Roth; corporate special counsel Andrew J. Klein and Michael Schneider; corporate associates Vidit Mehra, P. Ryan Messier, Alyssa Miller, Ariana Omar, and Justin A. Schenck; antitrust and competition associates Vanessa N. Chikaka, Shruti Hiremath, and George L. Wolfe; executive compensation & ERISA associate Adam P. Cohen; intellectual property and technology associate Marli Sussman; litigation associates Corey F. Baron, Ashley A. Czechowski, Michael A. Kleinman, and Adam Y. Yefet; and tax associates Ryan L. Conley and Karen Li.

Involved fees earner: Corey Baron – Fried Frank Harris Shriver & Jacobson; Vanessa Chikaka – Fried Frank Harris Shriver & Jacobson; Adam Cohen – Fried Frank Harris Shriver & Jacobson; Ryan Conley – Fried Frank Harris Shriver & Jacobson; Ashley Czechowski – Fried Frank Harris Shriver & Jacobson; Jason Ertel – Fried Frank Harris Shriver & Jacobson; Andrea Gede-Lange – Fried Frank Harris Shriver & Jacobson; Michael Gershberg – Fried Frank Harris Shriver & Jacobson; Amir Ghavi – Fried Frank Harris Shriver & Jacobson; Shruti Hiremath – Fried Frank Harris Shriver & Jacobson; Andrew Klein – Fried Frank Harris Shriver & Jacobson; Michael Kleinman – Fried Frank Harris Shriver & Jacobson; Randi Lally – Fried Frank Harris Shriver & Jacobson; Karen Li – Fried Frank Harris Shriver & Jacobson; Brian Mangino – Fried Frank Harris Shriver & Jacobson; Vidit Mehra – Fried Frank Harris Shriver & Jacobson; Ryan Messier – Fried Frank Harris Shriver & Jacobson; Alyssa Miller – Fried Frank Harris Shriver & Jacobson; Christian Nahr – Fried Frank Harris Shriver & Jacobson; Ariana Omar – Fried Frank Harris Shriver & Jacobson; Joshua Roth – Fried Frank Harris Shriver & Jacobson; Justin Schenck – Fried Frank Harris Shriver & Jacobson; Michael Schneider – Fried Frank Harris Shriver & Jacobson; Marli Sussman – Fried Frank Harris Shriver & Jacobson; George Wolfe – Fried Frank Harris Shriver & Jacobson; Adam Yefet – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Permira;

Author: Ambrogio Visconti