Enfusion’s $367 Million IPO

Goodwin advised Enfusion on the deal, while Davis Polk advised the representatives of the several underwriters.

Enfusion, Inc. completed its initial public offering of 21,562,500 shares of Class A common stock at a public offering price of $17.00 per share, which includes the exercise in full of the underwriters’ option to purchase additional shares.  

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as representatives for the IPO.

Enfusion’s investment management software-as-a-service platform removes traditional information boundaries, uniting front-, middle- and back-office teams on one cloud-native system. Through its software, analytics, and middle/back-office managed services, Enfusion creates enterprise-wide cultures of real-time, data-driven intelligence, boosting agility, and powering growth. Enfusion partners with 600+ investment managers from nine global offices spanning four continents. 

The Goodwin team was led by Gregg Katz (Picture), Jesse Nevarez, Sarah Bock and Alex Apostolopoulos, and included Dan Karelitz, Yana Shneyderman, Loren Goodman, Brett Jackson, Elena Jacque, Kirill Kovalenko, Gregg Coughlin, Cynthia Li, Morgan Frisoli and Rahat Tariq.  

The Davis Polk capital markets team included partners Deanna L. Kirkpatrick and Shane Tintle and associates Clare Conroy and Roshni Bhalla. The tax team included partner Ethan R. Goldman and associates Liang Zhang and Benjamin Helfgott. The intellectual property and technology transactions team included partner Matthew J. Bacal and associate Joshua Cameron Shirley. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Matthew Bacal – Davis Polk & Wardwell; Roshni Bhalla – Davis Polk & Wardwell; Clare Conroy – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Benjamin Helfgott – Davis Polk & Wardwell; Deanna Kirkpatrick – Davis Polk & Wardwell; Joshua Cameron Shirley – Davis Polk & Wardwell; Shane Tintle – Davis Polk & Wardwell; Liang Zhang – Davis Polk & Wardwell; Alex Apostolopoulos – Goodwin Procter; Sarah Bock – Goodwin Procter; Gregg Coughlin – Goodwin Procter; Morgan Frisoli – Goodwin Procter; Loren Goodman – Goodwin Procter; Brett Jackson – Goodwin Procter; Elena Jacque – Goodwin Procter; Daniel Karelitz – Goodwin Procter; Gregg Katz – Goodwin Procter; Jesse Nevarez – Goodwin Procter; Rahat Tariq – Goodwin Procter;

Law Firms: Davis Polk & Wardwell; Goodwin Procter;

Clients: Enfusion; Goldman Sachs & Co.; Morgan Stanley;

Naoual Sadouqi

Author: Naoual Sadouqi