JMI Equity and Thoma Bravo’s Investment in Condeco Software

Condeco was advised by Raymond James as financial advisor and Pinsent Masons LLP as legal counsel. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo. Goodwin Procter LLP served as legal counsel to JMI Equity.

Condeco Software (“Condeco”), the global leader in workspace scheduling technology, announced a strategic growth investment from Thoma Bravo and JMI Equity. The investment is expected to accelerate Condeco’s growth globally and drive increased innovation within Condeco’s workplace scheduling technology platform. Paul Statham along with other members of Condeco’s management team will remain significant shareholders.

Founded by CEO Paul Statham in 2005, Condeco serves over 2,000 leading companies, providing transformational technology to improve employee experiences and manage workspaces, allowing companies to quickly adapt to the ever-changing office environment. Headquartered in London with offices around the world, Condeco combines its world-leading technology with its team’s unrivaled experience, helping millions easily find and reserve workspaces and meeting rooms, and providing workspace management and analytics solutions. Thoma Bravo and JMI intend to leverage their deep expertise and prior experience in workplace management software to help Condeco expand its customer base and accelerate growth and innovation.

Condeco will continue to operate as an independent business focused on penetrating the significant market opportunity in modern workplace scheduling.

Thoma Bravo is one of the largest private equity firms in the world, with more than $78 billion in assets under management as of March 31, 2021

JMI Equity is a growth equity firm focused on investing in leading software companies.

The Goodwin team was led by Brian McPeake (Picture), Sava Savov, Amy Keller and Matt Raby.

The cross border Kirkland team was led by corporate partners David Higgins, Ted Peto, Rachel Greenhalgh and John Kosir, together with corporate associates Jack Donelan, Louis Hopson, Dan Simpkin, Angela Oldham and Demetrius McCloud.

Involved fees earner: Amy Keller – Goodwin Procter; Brian McPeake – Goodwin Procter; Sava Savov – Goodwin Procter; Jack Donelan – Kirkland & Ellis; Rachel Greenhalgh – Kirkland & Ellis; David Higgins – Kirkland & Ellis; Louis Hopson – Kirkland & Ellis; John Kosir – Kirkland & Ellis; Demetrius McCloud – Kirkland & Ellis; Angela Oldham – Kirkland & Ellis; Theodore Peto – Kirkland & Ellis; Dan Simpkin – Kirkland & Ellis;

Law Firms: Goodwin Procter; Kirkland & Ellis;

Clients: JMI Equity; Thoma Bravo;

Author: Martina Bellini