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Eversheds Advises Noble Systems on Latest Transaction

Eversheds Sutherland is pleased to announce that it represented client Noble Systems, a global leader in omnichannel contact centre technology solutions, in a merger with enterprise contact solutions provider Aspect Software, a portfolio company of Vector Capital.

The companies will form Alvaria™, a new global company delivering optimised customer experience and workforce engagement software and cloud services technology solutions.

Abry Partners, a Boston-based private equity firm, spearheaded the merger and is now the majority owner of the combined company. Vector Capital, owner of Aspect, will continue as minority equity holder. The total value of the combined transaction is over $1 billion.

Corporate Partner Michael J. Voynich led the Eversheds Sutherland team, which included Partners Michael A. Hepburn, Mark D. Herlach, M. Hill Jeffries, Wes Sheumaker, Jeremy D. Spier, Counsel Jessica A. Rissmiller, Rebecca A. Gelfand, and Associates Amy Chen, Caitlyn G. Naylor, Ellen Roberts, and Laura A. Taylor.

Eversheds Sutherland Overview

With more than 700 attorneys worldwide, Eversheds Sutherland’s global mergers and acquisitions team provides pragmatic advice and comprehensive support that enables clients to evaluate, structure and complete transactions across a broad spectrum of industries.

The team combines decades of experience with in-depth knowledge of local and cross-border practices. Wherever the transaction is led from, we provide a seamless and integrated worldwide service.

Our attorneys are well versed in the unique requirements of mergers, tender offers, stock and asset acquisitions, corporate restructurings, spin-offs, recapitalisations and other deal structures. We negotiate and establish alliances, joint ventures and other partnering relationships. In addition, we develop innovative approaches to implement other tailored commercial relationships.

Our global mergers and acquisitions team advises clients across a broad range of sectors including financial services, insurance, payment systems, technology, communications, energy, industrials, consumer products, professional services, health care and eCommerce. We understand regulatory frameworks and the impact on transactions of the key issues that affect your business. This in-depth sector knowledge allows us to add real value to the mergers and acquisitions process.

Four DLA Piper lawyers join WILEF leadership

DLA Piper is pleased to announce that four of its lawyers have joined the leadership of the Women in Law Empowerment Forum (WILEF). Ellen Scordino, a member of WILEF’s Global Advisory Board, will now also become a WILEF Boston co-chair, and Mariah DiGrino, Colleen Carey Gulliver and Holly Lake will join WILEF’s Global Advisory Board.

Scordino, a Boston-based partner in DLA Piper’s Intellectual Property and Technology practice, focuses on patent litigation, commercial matters and client counselling in the pharmaceuticals, biologics, diagnostics, biofuels and medical device industries.

DiGrino, a Real Estate partner based in Chicago, concentrates her practice in the areas of land use and zoning, public-private financing, public incentives, historic preservation, and community and economic development, as well as general real estate.

Gulliver is a New York-based partner in DLA Piper’s Litigation and Regulatory practice. Her practice includes the defence of class actions in various substantive areas, such as consumer, privacy and securities litigation, for many different industries, including consumer goods and retail, transportation and technology, as well as corporate litigation and counselling, business litigation and securities enforcement matters.

Lake is a Los Angeles-based partner in DLA Piper’s Employment practice. She is an employment litigator and advisor. She has a breadth of experience defending clients across industries, not only in single/multiple plaintiff cases, but also defending employers in wage-and-hour class, collective and private attorney general representative actions under California laws and the Fair Labour Standards Act (FLSA), Title VII and the Fair Employment and Housing Act. She also advises clients on all matters related to employment, including OFCCP compliance and affirmative action program development.

WILEF is the premier organisation for women in law exclusively dedicated to women from the largest law firms and corporate law departments in the United States.

Audax Private Equity announces recapitalisation of the Chartis Group

Audax Private Equity (“Audax”) today announced that it has recapitalised, in partnership with management, The Chartis Group, LLC (“Chartis” or the “Company”). Headquartered in Chicago, IL, and previously a portfolio company of RLH Equity Partners, Chartis is a leading provider of advisory consulting and software analytics to hospitals, health systems, and other healthcare organisations around the world. Founded in 2001, Chartis’ mission is to materially improve the delivery of healthcare by providing thought leadership, advisory, innovation, and analytics services to healthcare organisations. The Chartis management team will continue to lead the Company and, together with the Chartis consultants and employees, maintain a significant ownership position.

Ken Graboys, Chief Executive Officer of Chartis, said, “We are excited to partner with Audax and for the opportunity it provides us to continue to achieve meaningful growth and expand our impact on global healthcare. Audax brings the resources and capital to support the growth of our next generation of practice offerings, and to make strategic acquisitions.”

Young Lee, Managing Director at Audax, said, “Chartis has earned an outstanding reputation in the healthcare consulting industry demonstrated by the transformational results delivered to clients, extraordinarily talented people, and strong firm culture. We are excited to join the team as they continue to build on this success.”

Tim Mack, Managing Director at Audax, said, “We look forward to partnering with the Chartis team as they continue to provide innovation and improvements for healthcare systems, and pursue strategic add-on acquisitions and partnerships.”

Terms of the transaction were not disclosed. Lincoln International LLC acted as exclusive financial advisor and Winston & Strawn LLP served as legal counsel to Chartis. Ropes & Gray LLP served as counsel to Audax.

About the Chartis Group

The Chartis Group (“Chartis”) provides comprehensive advisory services and analytics to the healthcare industry. With expertise in strategic planning, performance excellence, informatics and technology, and health analytics, Chartis helps leading academic medical centers, integrated delivery networks, children’s hospitals and healthcare service organisations achieve transformative results. Chartis has offices in Atlanta, Boston, Chicago, New York, Minneapolis, Portland and San Francisco. For more information, visit https://www.chartis.com/

About Audax Private Equity

Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $24 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in more than 125 platforms and 770 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimise operations, and significantly increase equity value. With more than 240 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website https://www.audaxgroup.com/

Trianz recognised as ‘Best Management Consulting Firm’ by Forbes

Trianz, a global digital transformation consulting and technology services firm, has achieved its second consecutive year recognition as one of ‘America’s Best Management Consulting Firms’ by Forbes in its 4th annual listing comprising 218 firms.

This year’s list, like last year’s, spotlights Trianz once again for its best-in-class advisory excellence. Forbes collaborated with the business intelligence and analytics company, Statista, to assess firms’ performances.

Trianz’ business theme, ‘Digital Evolution Simplified,’ reflects its commitment to helping organisations across industries overcome dynamic digital age challenges through simple, yet effective, techniques. The firm collaborates with business and technology leaders to transition their organisations into digital enterprises by delivering industry-leading Cloud, Analytics, Digital, Infrastructure, and Security solutions, in addition to superior Managed Services that ensure long-term success. The firm’s unique delivery model, collaborative consulting approach, and its ability to deploy impactful, game-changing technologies together provide superior value to clients.

The 2019 list was tallied based on a two-phase study comprising an expert survey (partners and project managers from management consultancies) and a client survey covering senior executives, who have previously worked with management consultancies.

Expressing their delight, Co-Presidents at Trianz, Rollen Roberson and Ganeshan Venkateshwaran said, “Being named among ‘America’s Best Management Consulting Firms’ in this year’s Forbes/ Statista list makes us proud and happy indeed. The pride comes from this honor being reflective of our clients’ and peers’ favorable opinion of us. The happiness, of course, is a function of our value proposition being re-validated by Forbes / Statista for two straight years — that we are delivering on our commitment to create meaningful business impact.”

“At Trianz, we hold receiving objective feedback in high esteem. Especially since it motivates us to constantly drive successful business results and a competitive advantage for our clients. Being ranked in a list of such stature for two consecutive years is truly encouraging,” added Prashant Bhavaraju, Vice President for Marketing at Trianz.

About Trianz

Trianz simplifies digital evolutions through effective strategies and excellence in execution. Collaborating with business and technology leaders, we help formulate and execute operational strategies to achieve intended business outcomes by bringing the best of consulting, technology experiences and execution models. Powered by knowledge, research, and perspectives, we enable clients to transition to a digital enterprise by leveraging Cloud, Analytics, Digital, Infrastructure and Security paradigms. With offices in Silicon Valley, Washington DC Metro, Rosemont, Chicago, Austin, Boston, Denver, Irvine, Raleigh, San Francisco, Seattle, New York, Dubai, Bengaluru, Hyderabad and Chennai, we serve Fortune 1000 and emerging organisations across industries globally. For more information, visit https://www.trianz.com/

BDO expands product development Advisory Services in Life Sciences

BDO USA, LLP, one of the nation’s leading professional services organisations, today announced the acquisition of BioProcess Technology Consultants, Inc. (BPTC), a provider of chemistry, manufacturing and controls (CMC) consulting services to the global biopharmaceutical industry. The acquisition of BPTC bolsters BDO’s capabilities in the life sciences industry within the biopharmaceutical product development space and is effective as of April 1, 2019.

“We are pleased to welcome BPTC’s knowledge and resources to enhance our focus in the life sciences industry and deepen our biopharmaceutical product development offerings,” said Eric Jia-Sobota, national leader of BDO’s Industry Specialty Services and Life Sciences practices. “Joining forces with BPTC strengthens our ability to assist life sciences companies in managing risk, maximising profitability and fostering continued innovation to unlock new value and deliver improved outcomes.”

Founded in 1994, BPTC was a biologics CMC consulting firm, providing a full range of technical, regulatory and strategic assistance related to the development and commercialisation of biopharmaceutical products. BPTC assisted clients in developing manufacturing processes and strategies that enhanced the overall value of their products, while de-risking product development.

Howard L. Levine, Ph.D., BPTC founder, president and CEO will become managing director and national leader of the Bioprocess Technology Group within BDO’s Life Sciences practice.

“Since our inception, we’ve worked with companies to advance and de-risk the biotherapeutic development process, address unmet medical needs and increase patient access to novel medicines,” said Levine. “We’re excited to join BDO’s Life Sciences practice to support clients across the entire product development and company lifecycles.”

The professionals of BPTC who have joined BDO’s Life Sciences practice are headquartered in BDO’s Boston office at One International Place and based in locations throughout the country.

BDO Facts:

  • Over the past six years, BDO USA’s cumulative growth rate has far outpaced all other major U.S. accounting firms, with revenues more than doubling from $618 million in 2012 to $1.47 billion in 2018. During that time, BDO entered 24 new U.S. cities and expanded its critical mass in 13 existing markets.
  • BDO represents companies ranging from closely-held private businesses to leading non-profits to Fortune 500 multinationals.
  • BDO USA has industry practices specialised in serving businesses in the construction, energy, financial institutions, asset management, government contracting, healthcare, insurance, life sciences, manufacturing, non-profit, private equity, real estate, restaurant, retail and technology sectors.
  • BDO has been named a Best Company by Working Mother Magazine for eight consecutive years and been recognised with the When Work Works Award for Business Excellence in Workplace Flexibility for nine consecutive years.
  • BDO has more than 60 offices and over 650 independent alliance firm locations around the country.
  • BDO USA has been serving clients for more than 100 years since its founding in 1910 (as Seidman & Seidman).
  • As an independent member of BDO International Limited, the firm can leverage the resources of more than 80,000 people in 1,591 offices across 162 countries.

Firm Overview

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 650 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 80,000 people working out of 1,591 offices across 162 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit https://www.bdo.com/