Apax’s Merger Of EveryAction, Social Solutions and CyberGrants

Skadden, Arps, Slate, Meagher & Flom represented Apax in the transaction. Kirkland & Ellis advised Vista Equity Partners.

Funds advised by Apax (the “Apax Funds”) have reached agreements to acquire EveryAction from Insight Partners and Social Solutions from Vista Equity Partners. The two best-in-class companies will be combined with CyberGrants, which was recently acquired by the Apax Funds, to create a leading provider of next-generation Software-as-a-Service solutions to the social good ecosystem. The combined company will have an enterprise value of $2 billion, making it the largest M&A transaction in the history of the social good software sector. Vista will maintain a stake in the combined business.

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services.

EveryAction is a provider of Digital, Fundraising, and Organizing SaaS tools to nonprofits and progressive campaigns. Social Solutions is a tool for gathering data on an organization’s activities and taking advantage of that data to coordinate service delivery and measure how well you are doing with your service goals. CyberGrants combines grant management and employee engagement in one easy to use solution.

The Skadden team included M&A partner Ann Beth Stebbins (Picture), counsels Kyle Hatton and Nancy Rubin (Washington, D.C.), and associates Jaclyn Castelar, John Bodkin and Theodore Leonhardt; Tax partner Victor Hollender and associate Michael Cardella; Executive Compensation and Benefits partner Erica Schohn and associate Evgueni Gokhmark; Intellectual Property and Technology partner Stuart Levi and associate Miriam Furst. All attorneys are located in New York unless otherwise noted.

The Kirkland team was led by corporate partner Vlad Kroll and associates Lesley Hamilton, Alex Dayneka-Hayes, John Sheridan, Alexi Warren and Nicholas Cagle, with assistance from corporate partner Ari Levi.

Involved fees earner: Nicholas Cagle – Kirkland & Ellis; Alexandra Dayneka-Hayes – Kirkland & Ellis; Vlad Kroll – Kirkland & Ellis; Ari Levi – Kirkland & Ellis; Lesley Rae Hamilton – Kirkland & Ellis; John Sheridan – Kirkland & Ellis; Alexi Warren – Kirkland & Ellis; John Bodkin – Skadden Arps Slate Meager & Flom; Michael Cardella – Skadden Arps Slate Meager & Flom; Jaclyn Castelar – Skadden Arps Slate Meager & Flom; Miriam Furst – Skadden Arps Slate Meager & Flom; Evgueni Gokhmark – Skadden Arps Slate Meager & Flom; Kyle Hatton – Skadden Arps Slate Meager & Flom; Victor Hollender – Skadden Arps Slate Meager & Flom; Theodore Leonhardt – Skadden Arps Slate Meager & Flom; Stuart Levi – Skadden Arps Slate Meager & Flom; Nancy Rubin – Skadden Arps Slate Meager & Flom; Erica Schohn – Skadden Arps Slate Meager & Flom; Ann Beth Stebbins – Skadden Arps Slate Meager & Flom;

Law Firms: Kirkland & Ellis; Skadden Arps Slate Meager & Flom;

Clients: Apax Partners; Vista Equity Partners;

Author: Martina Bellini