Shearman & Sterling advised EQT Mid Market US GP B.V. on its acquisition of Innovyze, Inc., a U.S.-based leading global provider of smart water infrastructure modeling and simulation software solutions, from Stantec Inc., a global professional consulting services company.
EQT is a leading alternative investments firm with approximately EUR 35 billion in raised capital across 22 funds. EQT funds have portfolio companies in Europe, Asia and the U.S. with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
Innovyze is a leading global provider of wet infrastructure business analytics software solutions designed to meet the technological needs of water/wastewater utilities, government agencies, and engineering organizations worldwide. It is headquartered in Broomfield, Colorado and has offices in California, the U.K. and Australia.
The acquisition was completed on May 5, 2017.
The Shearman & Sterling team was led by partner Brien Wassner (Picture) (New York-Mergers & Acquisitions) and associate Christopher Glenn (New York-Mergers & Acquisitions). Other attorneys advising on the transaction included partners Simon Burrows (London-Mergers & Acquisitions), Simon Letherman (London-Tax), Christopher Bright (London-Antitrust) and Larry Crouch (Menlo Park-Tax); counsel Gillian Moldowan (New York-Compensation, Governance & ERISA); and associates Theodora Dimitrova (London-Mergers & Acquisitions), Kelly Hamren-Anderson (New York-Compensation, Governance & ERISA), Ryan Bray (Menlo Park-Tax), Emalie Sundale (Menlo Park-Tax) and Lois Howarth (London-Tax).
Involved fees earner: Brien Wassner – Shearman & Sterling; Christopher Glenn – Shearman & Sterling; Simon Burrows – Shearman & Sterling; Theodora Dimitrova – Shearman & Sterling; Simon Letherman – Shearman & Sterling; Laurence Crouch – Shearman & Sterling; Ryan Bray – Shearman & Sterling; Emalie Sundale – Shearman & Sterling; Christopher Bright – Shearman & Sterling; Gillian Moldowan – Shearman & Sterling; Kelly Hamren-Anderson – Shearman & Sterling;
Law Firms: Shearman & Sterling;
Clients: EQT Partners;