Sumeru Equity Partners and HCL Technologies’ $330 Million acquisition of Actian Corporation


Kirkland & Ellis represented Sumeru Equity Partners, a technology-focused private equity firm, in its joint acquisition with HCL Technologies of Actian Corporation, a data management, analytics and integration company.

HCL Technologies (HCL) and Sumeru Equity Partners (SEP), a technology and growth-focused private equity firm, have signed a definitive agreement to acquire Actian Corporation. The all-cash deal is valued at US$330 million. HCL will own 80 percent while SEP will own approximately 20 percent stake of the JV entity which inturn will own 100% shareholding of Actian Corporation.

Palo Alto-based Actian-a leader in hybrid data management, cloud integration, and analytics solutions-powers insight-driven enterprises around the globe to help them solve the toughest data challenges. It owns market-leading products such as Actian Vector, the world’s fastest columnar database; Actian DataConnect, a hybrid cloud data integration platform; and Actian X, hybrid database for next generation operational analytics. This acquisition will add cutting-edge intellectual property to HCL’s capabilities to enable global enterprises’ digital transformation journey.

Sumeru Equity Partners, Inc. is a private equity firm specializing in mid-market, growth funding, founder transitions, buyouts, take-privates, recapitalizations, and carve-outs/corporate divestitures. The Firm, led by Kyle Ryland, Sanjeet Mitra, Paul Mercadante and John D. Brennan, is based in Foster City (CA).

The Kirkland team was led by corporate partner Adam Phillips (Picture) and associate Jonathan Manor, debt finance partners Francesco Penati and Aditi Iyer, and tax partner Keith Villmow.

Involved fees earner: Adam Phillips – Kirkland & Ellis; Jonathan Manor – Kirkland & Ellis; Francesco Penati – Kirkland & Ellis; Aditi Iyer – Kirkland & Ellis; Keith Villmow – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Sumeru Equity Partners;

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Author: Ambrogio Visconti