KKR and Goldman Sachs’ $360 Million Investment in OutSystems

Sidley advised KKR on its investment in OutSystems, the global leader in low-code rapid application development. KKR, together with Goldman Sachs, is investing US$360 million in OutSystems.

The funding values the company at over US$1 billion, and the proceeds will be used to accelerate business expansion and for R&D in new advancements in software automation.

Outsystems, Inc. develops rapid application development and delivery (RAD) platform for the enterprise. The company was founded in 2001 and is based in Atlanta, Georgia.

The Sidley team in London was led by Private Equity partners, Wim De Vlieger (Picture) and Till Lefranc, supported by Private Equity associates, Thibault Reichelt and Anthony Sanderson. Additional support was provided by Vishnu Shankar (Associate, London – Privacy and Cybersecurity), Lauren Grau (Counsel, Dallas – Technology & IP Transactions) and Peter McCorkell (Associate, London – Labor, Employment and Immigration).

White & Case LLP has advised Goldman Sachs Private Capital Investments on its investment with a team including Marcus Booth and Daniel Turgel (both London), and included partner Michael Wistow (London), local partner Christophe Balthazard (Brussels), counsel Deborah Lincoln (London) and associates Adnan Bekdur, Chris Beardmore, Tom Cambidge, Khurram Kayani (all London) and Alix van der Wielen (Brussels).

Involved fees earner: Wim De Vlieger – Sidley Austin LLP; Till Lefranc – Sidley Austin LLP; Thibault Reichelt – Sidley Austin LLP; Anthony Sanderson – Sidley Austin LLP; Vishnu Shankar – Sidley Austin LLP; Lauren Grau – Sidley Austin LLP; Peter McCorkell – Sidley Austin LLP; Marcus Booth – White & Case; Daniel Turgel – White & Case; Christophe Balthazard – White & Case; Adnan Bekdur – White & Case; Christopher Beardmore – White & Case; Thomas Cambidge – White & Case; Alix van der Wielen – White & Case; Michael Wistow – White & Case;

Law Firms: Sidley Austin LLP; White & Case;

Clients: KKR; Goldman Sachs Private Capital;