Foley & Lardner advised DiCentral Corp. on the deal, while Kirkland & Ellis advised TrueCommerce.
DiCentral Corp., a leading global B2B and API solutions provider, announced its recent sale to TrueCommerce, Inc., a global cloud provider of supply chain and trading partner connectivity, integration and omnichannel solutions. The acquisition will allow TrueCommerce to grow its global network, deepen its solutions portfolio, and expand its geographic footprint across the globe. TrueCommerce is a portfolio company of private equity firm Welsh, Carson, Anderson & Stowe.
Founded in 2000, DiCentral has over two decades of experience solving complex EDI and API challenges. Its clients rely on its cloud-based integration platform and team of experts to integrate and leverage data across multiple cloud and on-premises systems and applications.
DiCentral will add 30,000 connections to TrueCommerce’s Global Commerce Network along with 5,000 customers. The combined network now expands to 160,000 connections and nearly 18,000 customers, creating a network and solution for customers to digitize, expand and grow their business.
The Foley team was led by partner Hoang Quan Vu (Picture), with partner Greg Meeks and senior counsel Eric Chow taking lead on M&A matters, and also included partners Greg Neppl, James Howard, Terrell Miller, Michael Abbott, Jessica Mason, Aaron Tantleff, and David Sanders, special counsel Alex Ravski, and associates William McCaughey and Eun Sung Lim.
Kirkland & Ellis advised TrueCommerce with a team led by corporate partner Christopher Torrente and associates Amanda Gottlieb and Yash Nair, tax partners Sara Zablotney and Philip Cooke and associate Damien Rose, debt finance partners Christopher Butler and Aaron Berlin and associate Claire Rokita, and antitrust & competition partner Jeffrey Ayer and associate Brittany Lischinsky.
Involved fees earner: Michael Abbott – Foley & Lardner LLP; Eric Chow – Foley & Lardner LLP; Jessica Glatzer Mason – Foley & Lardner LLP; Hershel James Howard – Foley & Lardner LLP; William McCaughey – Foley & Lardner LLP; Gregory Meeks – Foley & Lardner LLP; Gregory Neppl – Foley & Lardner LLP; Hoang Quan Vu – Foley & Lardner LLP; Alexander Ravski – Foley & Lardner LLP; Terrell Richard Miller – Foley & Lardner LLP; David Sanders – Foley & Lardner LLP; Eun Sung Lim – Foley & Lardner LLP; Aaron Tantleff – Foley & Lardner LLP; Jeffrey Ayer – Kirkland & Ellis; Aaron Berlin – Kirkland & Ellis; Christopher Butler – Kirkland & Ellis; Philip Cooke – Kirkland & Ellis; Amanda Gottlieb – Kirkland & Ellis; Brittany Lischinsky – Kirkland & Ellis; Claire Rokita – Kirkland & Ellis; Damien Rose – Kirkland & Ellis; Christopher Torrente – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis;