Dechert Advises Court Square in Thrive’s Recapitalization
Dechert advised client Court Square Capital in the completion of its acquisition of Thrive. Thrive, a leading provider of technology managed services, announced on January 28, 2021 that it has finalized a majority recapitalization with Court Square Capital Partners to reinforce its prominent market position. In addition to Court Square, Thrive's existing financial sponsor, M/C Partners is continuing to participate alongside a substantial ownership stake by the company's senior management team.
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 235 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $7.0 billion of assets under management and is based in New York, N.Y.
The Dechert team includes M&A partner Ken Young, and associates Paul Bennett, Avryl Klich, Colleen Mallick, Matthew Bernstein, Raymond Wilson and Sean Herron; finance partner Samantha Koplik, and associates Zachary Goldberg and Shannon Footer; employee benefits partners Andrew Oringer and Eric Rubin, and associate Andrew Braid; tax partner Edward Lemanowicz and associate George Davis; labor counsel Jeffrey Rubin and associate Tanya Warnke; intellectual property partner Thomas Rayski and associate Noah Shier; real estate special counsel Francois Quintard-Morenas and associate Juan Zambon; and privacy & cybersecurity partner Karen Neuman and associate Michael Tierney.
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.