Thrive Gets Investment Boost from Berkshire Partners
Deal News | Jan 15, 2025 | Ropes & Gray
Berkshire Partners, a prominent player in the private and public equity markets, has announced a new strategic investment in Thrive, a firm specializing in cybersecurity, cloud, and IT managed services. Ropes & Gray acted as the legal advisor for Berkshire Partners during the transaction. Although the financial details remain undisclosed, the investment reflects Berkshire's commitment to expanding its portfolio within the thriving global technology outsourcing market. Ropes & Gray's team, led by Taylor Hart, a specialist in private equity, collaborated with experts in employment, benefits, finance, and tax to facilitate the deal.
Sectors
- Private Equity
- Cybersecurity
- IT Managed Services
Geography
- United States – Berkshire Partners is a US-based firm.
Industry
- Private Equity – The article involves Berkshire Partners, a private equity firm making an investment in Thrive.
- Cybersecurity – Thrive is a firm providing cybersecurity services, which is part of the investment focus.
- IT Managed Services – Thrive offers IT managed services, which is central to the nature of the investment.
Financials
- Not Disclosed – The financial terms of the investment were not made public.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thrive | Target company | Company | A global technology outsourcing provider in cybersecurity, cloud, and IT managed services. |
| Berkshire Partners | Investor | Company | An employee-owned, multi-sector specialist investor in private and public equity. |
| Ropes & Gray | Legal Advisor | Company | The law firm that represented Berkshire Partners in the transaction. |