Cooley advised OpenGate Capital on the deal
OpenGate Capital, a global private equity firm, announced today that it has acquired Mersive Technologies Inc. (“Mersive”), a leading provider of wireless collaboration software, from shareholders of the business. Terms of the transaction were not disclosed.
Headquartered in Denver, Colorado, Mersive launched its suite of wireless collaboration solutions in 2013, transforming ordinary meeting and learning spaces by enabling multiple users to share content collaboratively from laptops and mobile devices to in-room displays – securely and with the best-in-class user interface. Mersive Solstice improves collaboration and productivity by putting content at the center of the meeting experience.
The acquisition follows four years of exponential growth for Mersive driven by customer demand for software-based solutions that are easy to deploy and affordable for both traditional meeting rooms and huddle spaces. Mersive represents the seventh acquisition through OpenGate Capital’s first institutional fund following the firm’s previous acquisitions of Power Partners, Energi Fenestration Solutions, Bois & Matériaux, Alfatherm, EverZinc and Hufcor.
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France.
Cooley advised with a team led by Ray LaSoya (Picture).
Involved fees earner: Ray LaSoya – Cooley LLP; Josh DuClos – Cooley LLP; Trevor Mayer – Cooley LLP; Jessica Girone – Cooley LLP; Charles Haley – Cooley LLP; Bryan Berman – Cooley LLP; Bill Galliani – Cooley LLP; John Paul Oleksiuk – Cooley LLP; Ross Eberly – Cooley LLP; Joshua Friedman – Cooley LLP; Alyssa Ohanian – Cooley LLP; Todd Gluth – Cooley LLP; Chris Mayer-Dempsey – Cooley LLP; Christopher Kimball – Cooley LLP; Amy Josselyn – Cooley LLP; Karen Tsai – Cooley LLP;
Law Firms: Cooley LLP;
Clients: OpenGate Capital;