Francisco Partners has sold Aderant Holdings Inc., an Atlanta-based provider of applications for law firms and professional services organizations, to company management. No financial terms were disclosed.
Francisco Partners, one of the world’s largest technology-focused private equity firms, announced today that it has completed the sale of ADERANT Holdings, Inc. ADERANT is a leading global provider of integrated, mission-critical applications for law firms and professional services organizations. Following the sale, ADERANT will continue to operate as an independent company under the leadership of the existing management team.
“We are very pleased with the transformation that ADERANT was able to achieve during our ownership and the resulting positive outcome for ADERANT’s customers, employees, and shareholders,” said Andrew Kowal, a Principal with Francisco Partners. “It has been a pleasure to work with such a dedicated group of employees and a strong, client-focused executive team. With the continuity of the existing management team, the company is well-positioned to continue its exciting growth, and we wish them the best of luck.”
Michael Kohlsdorf, President and Chief Executive Officer for ADERANT commented, “I would like to thank Francisco Partners for building the foundation that has made ADERANT a successful, independent company and being strong partners and strategic advisors to the executive management team and the company.”
Financial terms of the transaction were not disclosed.
About Francisco Partners
Francisco Partners is a leading global private equity firm focused exclusively on investments in technology and technology-enabled services businesses. With approximately $5 billion of committed capital, Francisco Partners pursues structured investments in technology companies, targeting investments in private companies, public companies and divisions of public companies, with transaction values ranging from $30 million to $3 billion. For additional information, visit www.franciscopartners.com.
ADERANT, headquartered in Atlanta, GA, is a leading provider of integrated business management software for law firms and other services organizations. The global company offers a comprehensive suite of solutions, consisting of financial, resource, and practice management software that enables services organizations of all sizes to maximize operational efficiencies. ADERANT provides solutions to the largest and most prominent firms in the world, including Clifford Chance, Computer Sciences Corporation, Greenberg Traurig, Clayton Utz, Deloitte Consulting, Macleod Dixon LLP, Mayer Brown, Skadden Arps, and Winston & Strawn. ADERANT also has offices in Asia-Pacific and Europe. More information is available at www.aderant.com.