Dechert Advises KKR on Take-Private Acquisition of mdf commerce

March 12, 2024

Dechert advised KKR, a leading global investment firm, on its recent acquisition of mdf commerce, a SaaS leader in digital commerce technologies, in an all-cash transaction. Upon the transaction’s completion, mdf commerce will become a privately-held company, acquired by funds managed by KKR.

Mdf commerce's North American eProcurement platform, serving over 6,500 government agencies and 650,000+ suppliers in the US and Canada, provides a strong foundation for a leading government software platform. KKR will support mdf with accelerating their expansion, scaling their industry-leading platform even further, and establishing an equity ownership program for all employees. Since 2011, KKR portfolio companies have awarded billions in total equity value to over 60,000 non-management employees across more than 40 companies.

The Dechert team advising KKR included corporate partners Ken Young, Jonathan Stott, and Stephanie Haas; global finance partner Soo-ah Nah; and tax partner David Passey.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.

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