DLA Piper represented data-driven private equity firm Savant Growth in the close of its inaugural fund, Savant Growth Fund I, to provide founder-led, software-as-a-service (SaaS) companies with the active partnership, proprietary technology and expansion capital needed to scale their businesses.
Savant Growth's inaugural, multi-vehicle fund has approximately US$500 million in capital availability, including nine active portfolio companies. The firm's partners collaborate closely with founders and their teams with the goal of helping solve the challenges associated with accelerating business growth and expansion. In addition to capital, Savant Growth's team includes data scientists, engineers and other experts in data analytics, software development and AI, who work across the spectrum of full-stack technology solutions for the B2B SaaS space.
“We are thrilled to have brought our extensive experience with spin-out GP-led secondaries and investment funds to complete this transaction for Savant Growth, which will enable it to fund and support innovators in the SaaS, AI and data analytics fields,” said Adam Tope, the DLA Piper partner who led the firm’s deal team.
In addition to Tope (New York), the DLA Piper team representing Savant Growth included partners Stephen Ballas (Los Angeles), Bradley Phipps (Philadelphia), Witold Jurewicz (New York) and Danish Hamid (Washington, DC); and associates David Parsly, Rahul Sajnani (both of Los Angeles), Chris DiBartolo, Eleni Christou and Charles Cao (all of Chicago).
DLA Piper’s global secondaries practice advises on all types of secondaries transactions and GP-led solutions, with a specific focus on complicated spin-out transactions. DLA Piper’s global fund practice advises on all types of investment funds, including venture capital, infrastructure, real estate and private equity funds.