Ropes & Gray, an international law firm, provided legal counsel to EQT Private Equity Asia during its acquisition of WSO2, a prominent digital technology company specializing in application development and identity and access management solutions. Declared on May 3, the deal is slated for completion in the latter half of 2024, although the financial particulars remain under wraps. The investment aligns with the deployment strategy of BPEA Private Equity Fund VIII, with the acquisition contributing to its 45-50 percent fund allocation, amid other investments, public offers, and accounting for potential syndications. EQT, the private equity buyer, is a significant player in the global investment landscape, wielding EUR 242 billion in total assets under management, with EUR 132 billion of these being fee-generating. The firm’s portfolio is geographically diverse, spreading its influence across Europe, Asia-Pacific, and the Americas, within its Private Capital and Real Assets segments. The advisory team from Ropes & Gray included a suite of experts from various fields, showcasing the multidisciplinary nature of the transaction. This team features private equity partners Martin Ruhaak and Neill Jakobe, as well as associates Raxit Shah and Bill Zimmerman. Addressing the multifaceted concerns of such a considerable transaction, the team also involved specialists in employment & benefits, litigation & enforcement, tax, data privacy & cybersecurity, IP transactions, and more, indicating the complex regulatory and strategic considerations inherent in modern private equity deals.

Legal Services, Private Equity, Software & IT services,Global, Asia

https://www.ropesgray.com/en/news-and-events/news/2024/05/ropes-gray-represents-eqt-private-equity-asia-in-acquisition-of-wso2