Madison Dearborn Buys Fieldglass In $220 Million Deal

Madison Dearborn Partners has bought a majority stake of Fieldglass. Company management, including founder and CEO Jai Shekhawat, will hold a significant stake. The deal is valued at more than $220 million. Fieldglass, of Chicago, provides software that helps companies manage their workforce. Madison Dearborn Partners, also of Chicago, is a buyout shop.

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