Luminate Capital Partners’ Investment in LiquidFrameworks, Inc.


Kirkland & Ellis represented Luminate Capital Partners on the deal

LiquidFrameworks, Inc. (“LiquidFrameworks”), the leading provider of quote-to-cash and field ticketing software across Oilfield Services, Industrial Services, and Environmental Services industries, today announced it has received a strategic growth investment from Luminate Capital Partners (“Luminate”), an enterprise software-focused private equity firm, purchasing majority control from Houston Ventures and other early investors.

LiquidFrameworks’ product, FieldFX®, automates the “quote-to-cash” process representing the lifecycle of a job from origination to billing. By ensuring the customer price book or contract drives an accurate quote, which produces an accurate ticket and generates an accurate invoice, FieldFX enhances cash flow and reduces revenue leakage. The core module, FX E-ticketing, streamlines the workflow for the entire field ticketing process, allowing field service workers to process work orders even when servicing remote areas, without an Internet connection. The Company serves some of the largest field services organizations across the world across the energy supply chain, industrial services and environmental services.

In connection with the investment, Hollie Haynes, Mark Pierce, and Sanjay Palakshappa from Luminate will join the LiquidFrameworks Board of Directors.

Kirkland transactional partners Adam Phillips (Picture) and Rodin Hai-Jew, tax partners Karen Lee and Devin Heckman, debt finance partners Christopher Kirkham and Jane Wu and technology and IP transactions partner Vladimir Khodosh advised on the matters.

Involved fees earner: Rodin Hai-Jew – Kirkland & Ellis; Devin Heckman – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Christopher Kirkham – Kirkland & Ellis; Karen Lee – Kirkland & Ellis; Adam Phillips – Kirkland & Ellis; Jane Wu – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Luminate Capital Partners;

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Author: Ambrogio Visconti