TPG Capital’s Acquisition of CollabNet VersionOne

Barclays and RBC Capital Markets acted as financial advisors to TPG Capital, and Ropes & Gray LLP served as legal counsel. KeyBank Capital Markets, Inc. served as financial advisor to CollabNet, and Sidley Austin LLP served as legal counsel to CollabNet and Vector Capital.

TPG Capital, the private equity platform of global alternative asset firm TPG, executed the acquisition of CollabNet VersionOne, a leading platform provider for Agile planning, DevOps, and Value Stream Management (VSM), from Vector Capital.

The investment marks the first step in a broader strategy in which TPG Capital will commit up to $500 million of equity capital to build a leading, integrated, enterprise-focused DevOps platform company.

TPG Capital and CollabNet management will work together to accelerate the growth of the company’s existing portfolio, as well as aggressively pursue acquisitions in strategic adjacencies that complement Agile planning and delivery, as well as testing, release management, and the emerging market for VSM.

The Ropes & Gray team included private equity partner Michael Roh (Picture), strategic transactions partner Megan Baca, benefits partner Loretta Richard, tax partner Adam Greenwood and private equity associate James Davis.

Involved fees earner: Megan Baca – Ropes & Gray; James Davis – Ropes & Gray; Adam Greenwood – Ropes & Gray; Loretta Richard – Ropes & Gray; Michael Roh – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: TPG Capital;

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Author: Ambrogio Visconti