07:23, May 16 443 0

2017-05-16 07:23:11
Ropes’ City office nabs new client Oakley on PE technology deal

Ropes & Gray has advised new client Oakley Capital on its technology investment, with Clifford Chance and Macfarlanes also winning roles.

The US firm fielded a London-based team led by of Travers Smith alumni Phil Sanderson and Helen Croke.

They won Oakley as a new client for the global firm, which already acts for the likes of TPG Capital and Bain Capital.

The deal sees Oakley acquire Canadian technology company TechInsights, which offers intellectual property consulting and technical analysis.

TechInsights was a portfolio company of AXIO Group and Electra Partners – the latter of whom has its affairs managed by Epiris.

The private equity house turned to Clifford Chance partner and longstanding adviser David Pearson, and is set to pick up £26m from the sale.

Macfarlanes also worked on the deal, with partner Ian Martin providing support to the management teams.

Last year TechInsights acquired Chipworks, with Bird & Bird advising the former’s portfolio company AXIO. Chipworks was advised by Quayle Munro.