Irell Transactions Team Closes Major Deals for PDI and Drillinginfo
In a transaction that closed in March 2019, Irell & Manella LLP’s Transactions team represented PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, in an investment by a group led by Insight Venture Partners. Existing shareholders, including funds managed by Genstar Capital and TA Associates, retained significant ownership in the transaction.
Additionally, in late 2018 and early 2019, the firm’s Transactions team advised Drillinginfo, the leading energy SaaS and data analytics company, on three strategic deals: The acquisition of Mineralsoft, a software platform for managing mineral, royalty, and non-operated working interests; the acquisition of Cortex, a Canadian public company providing software to automate AP and AR processes for the oil and gas industry; and the acquisition of Midland Map Company, which makes detailed oilfield maps of the Permian Basin.
Team members for all of the deals included Michael Kaplan, Daniel Switts, Adam Shapiro, Claire Hutar, Tim Krause and Elliot Freier.