Kirkland & Ellis advised Advent International on the deal. Fenwick & West LLP advised Tekion on the deal.
Tekion announced its Series C financing round of $150 million at over a $1 billion valuation.
The funding round was led by Advent International, one of the largest and most experienced global private equity investors, with participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and FM Capital (a fund that includes a large number of top 100 dealers in the country as its limited partners). Tekion’s other key investors from the Automotive industry include General Motors, BMW iVentures and Nissan-Renault-Mitsubishi Alliance Ventures.
Tekion is a cloud technology company and provider of SaaS retail operating platform (aka DMS) founded in 2016 by former Tesla CIO and experienced technology leader Jay Vijayan.
The Kirkland team advising Advent was led by transactional partners Adam Phillips (Picture) and Jonathan Manor and associates Eva Mak and Kristie Shu.
The Fenwick team was led by corporate partner David Bell and associates Christine Chen and Shweta Kumar.
Involved fees earner: David Bell – Fenwick & West LLP; Christine Chen – Fenwick & West LLP; Shweta Kumar – Fenwick & West LLP; Eva Mak – Kirkland & Ellis; Jonathan Manor – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Kristie Shu – Kirkland & Ellis;