GI Partners’ Acquisition of Togetherwork


Togetherwork represents the third portfolio investment in GI Partners Fund V, a $2.8 billion fund raised in 2017. Kirkland & Ellis acted as legal advisor to GI Partners. Willkie Farr & Gallagher served as legal counsel and Harris Williams & Co. acted as financial advisor to Aquiline Capital Partners.

Togetherwork, the emerging leader in Group Management Software and Payments, announced today that GI Partners, a leading private investment firm, has acquired Togetherwork from Aquiline Capital Partners, a New York-based private equity firm investing in financial services and technology. Financial terms of the agreement were not disclosed.

Togetherwork has a family of entrepreneurial companies that provide SaaS solutions to groups and organizations for administration and payments. Togetherwork was launched by Aquiline as a platform to acquire, integrate and scale leading businesses developing software used to manage and enable payments for groups and organizations.

GI Partners is a private investment firm based in San Francisco. The firm has raised $16 billion in capital from leading institutional investors across the globe. GI Partners’ private equity team focuses on investments in the IT Infrastructure, Healthcare, Software, and Services sectors.

Willkie advised Aquiline Capital Partners and Togetherwork with a team including Jeffrey Poss (Picture), Robert Rizzo, Jeffrey Goldfarb, Christopher Peters, Mark Holdsworth, Spencer Simon, Thomas Sharkey and Caroline Dreyspool.

Involved fees earner: Jeffrey Poss – Willkie Farr & Gallagher; Robert Rizzo – Willkie Farr & Gallagher; Thomas Sharkey – Willkie Farr & Gallagher; Jeffrey Goldfarb – Willkie Farr & Gallagher; Christopher Peters – Willkie Farr & Gallagher; Mark Holdsworth – Willkie Farr & Gallagher; Spencer Simon – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Aquiline Capital Partners; Togetherwork Holdings, LLC;

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Author: Ambrogio Visconti