Kirkland Counsels Funds Advised by Apax Partners LLP on Investment in Travel Tech Company IBS Software

Kirkland & Ellis counseled funds advised by Apax Partners LLP (Apax) on a definitive agreement to invest approximately $450 million to acquire a significant minority stake in IBS Software, a leading provider of modern Software-as-a-Service solutions to the global travel and logistics industry, from Blackstone. Following the transaction, Apax will partner closely with IBS Software's Founder and Executive Chairman, V K Mathews, who will remain the majority shareholder.

Read the transaction press release

The Kirkland team was led by corporate partners Adarsh Varghese and Leo Greenberg; tax partner Sara Zablotney; and capital markets partner Ross Leff; with corporate associates Michael Chung, Julianna Debler and Lawrence Ho.