Wilson Sonsini Advises project44 on $240 Million Investment and Related Transactions
- Client Highlights
On January 11, 2022, project44, a leading supply chain visibility platform, announced it completed a $240 million financing. A syndicate led by Thoma Bravo, TPG, and Goldman Sachs Asset Management with participation from Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire, and Sozo Ventures acquired equity interests resulting in a pre-money valuation of $2.2 billion. Sixth Street has committed to make available additional funding in support of the company’s strategic acquisition program and product development activities. In addition, the investor group also is in the process of purchasing up to $180 million from an insider group of existing stockholders. The company plans to spend its proceeds on expanding its network, strategic acquisitions, and hiring product and engineering staff in nations including Japan, Brazil, and China.
Wilson Sonsini Goodrich & Rosati represented project44 in the transactions. The Wilson Sonsini team that advised project44 includes: