Burning Glass’ Combination With Emsi

Kirkland & Ellis counseled KKR on the deal, while Taft Stettinius & Hollister advised Emsi.

Burning Glass Technologies enetered into a combination with Emsi to create a leading labor market analytics firm. As part of the transaction, KKR, Burning Glass Technologies’ largest investor, is making a follow-on investment in the combined company, and Strada Education Network, Emsi’s current owner, will be exiting its investment. Financial terms of the transaction were not disclosed.

Burning Glass Technologies is a leading global authority on the market for talent and the growing skills-based economy. The company’s software, APIs, and cutting-edge research help companies ready their workforces for the future, connect education and training programs to the job market, spur equitable economic growth for local and national governments, and empower workers and learners to unlock opportunity and mobility.

Founded in 2001, Emsi is an industry-leading economic data and analytics firm, specializing in labor market data, analyses, and consulting services for employers, higher education institutions, and economic/workforce development professionals.

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions.

Strada Education Network is a new kind of nonprofit social impact organization dedicated to improving lives by forging clearer and more purposeful pathways between education and employment.

The Kirkland team advising KKR was led by corporate partners John Pitts (Picture) and Kyle Watson and associates Fernanda Langa and Ryan McNamara; real estate partner Andy Van Noord; tax partner Lane Morgan; and debt finance partners Eric Wedel and Ben Steadman.

Taft’s legal team included Brad Schwer, Ronan Johnson, and Alex Bauer.

Involved fees earner: Fernanda Langa – Kirkland & Ellis; Ryan McNamara – Kirkland & Ellis; Lane Morgan – Kirkland & Ellis; John Pitts – Kirkland & Ellis; Ben Steadman – Kirkland & Ellis; Andrew Van Noord – Kirkland & Ellis; Kyle Watson – Kirkland & Ellis; Eric Wedel – Kirkland & Ellis; Alex Bauer – Taft Stettinius & Hollister; Ronan Johnson – Taft Stettinius & Hollister; Brad Schwer – Taft Stettinius & Hollister;

Law Firms: Kirkland & Ellis; Taft Stettinius & Hollister;

Clients: Emsi; KKR;

Author: Martina Bellini