Summit Parners’s $40 million Investment in ProGlove

Sidley Austin advised Summit Partners in the investment.

Summit Partners, global alternative investment firm, invested in ProGlove, a provider of smart, wearable and lightweight barcode scanners. The transaction is expected to close in Q3 2019. The company plans to leverage this funding to expand its international footprint and support its mission to connect the human workforce with the industrial Internet of Things (IoT).

The Sidley team was led by Private Equity partner Dr. Jan Schinköth (Picture), supported by partners Erik Dahl (Private Equity) and Dr. Roderic Pagel (Tax), and associates Sebastian Walczak (Private Equity/M&A) and Jörg Fischer (Tax).

Involved fees earner: Erik Dahl – Sidley Austin LLP; Jörg Fischer – Sidley Austin LLP; Roderic Pagel – Sidley Austin LLP; Jan Schinköth – Sidley Austin LLP; Sebastian Walczak – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Summit Partners;