Sumeru Equity Partners’ $100 Million Investment in Tasktop Technologies

Cassels acted as Canadian counsel to Sumeru Equity Partners on the transaction.

Tasktop, provider of the leading Value Stream Management (VSM) platform, announced a strategic investment from Sumeru Equity Partners, a growth-focused technology investment firm based in the San Francisco Bay Area, to accelerate growth and expand market leadership.  Management and existing investors participated in the $100 million investment. As a part of the transaction, existing Tasktop investors will continue as significant shareholders and Jason Babcoke, Ben Cox and George Kadifa will join the board of directors.

Sumeru Equity Partners is a technology and growth capital focused, middle- market private equity firm founded by an experienced investors and operators group.

Tasktop’s Value Stream Integration technology to transform software development and delivery. Tasktop not only unifies the software development and delivery team, but also provides unprecedented visibility into the business critical processes of software delivery.

The Cassels team comprised of Frank Arnone (Picture), Nicola Geary, Tiffany Chiu and Jackie Karbi (Private Equity and M&A), Corinne Grigoriu (Tax), Chandimal Nicholas and Marco Ciarlariello (Intellectual Property), Kristin Taylor and Erin Minuk (Employment & Labour) and Suhuyini Abudulai, Daniel Cipollone, Amanda Scolieri and Paras Patel (Banking & Specialty Finance).

Involved fees earner: Suhuyini Abudulai – Cassels Brock & Blackwell LLP; Frank Arnone – Cassels Brock & Blackwell LLP; Tiffany Chiu – Cassels Brock & Blackwell LLP; Marco Ciarlariello – Cassels Brock & Blackwell LLP; Daniel Cipollone – Cassels Brock & Blackwell LLP; Nicola Geary – Cassels Brock & Blackwell LLP; Corinne Grigoriu – Cassels Brock & Blackwell LLP; Jackie Karbi – Cassels Brock & Blackwell LLP; Erin Minuk – Cassels Brock & Blackwell LLP; Chandimal Nicholas – Cassels Brock & Blackwell LLP; Paras Patel – Cassels Brock & Blackwell LLP; Amanda Scolieri – Cassels Brock & Blackwell LLP; Kristin Taylor – Cassels Brock & Blackwell LLP;

Law Firms: Cassels Brock & Blackwell LLP;

Clients: Sumeru Equity Partners;

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Martina Bellini

Author: Martina Bellini