Kirkland and Ellis has revealed it has advised long-standing client Thoma Bravo, one of the largest private equity firms in the world, alongside JMI Equity, on the strategic investment in Condeco, a global leader in workspace scheduling technology.
The investment is expected to accelerate Condeco’s growth globally and drive increased innovation within Condeco’s workplace scheduling technology platform. Condeco will continue to operate as an independent business focused on penetrating the significant market opportunities in modern workplace scheduling. The deal was completed on 30 July 2021.
The cross border Kirkland team was led by corporate partners David Higgins, Ted Peto, Rachel Greenhalgh and John Kosir, together with corporate associates Jack Donelan, Louis Hopson, Dan Simpkin, Angela Oldham and Demetrius McCloud.
A.J. Rohde, senior partner at Thoma Bravo, said: “The nature of ‘in the office’ has been altered forever, and employers need to provide employees with flexible options regarding how and where they work.
“Condeco helped create the category and has been the market leader for a very long time. We are so excited we get to begin this journey with Paul and his team to help employers provide these hybrid scheduling options more rapidly.”