Latham Advises TA Associates on Francisco Partners’ Investment in Orisha

Latham & Watkins has advised TA Associates, a leading global private equity firm, in the signing of an agreement with Francisco Partners to become co-controlling shareholders of Orisha, formerly known as DL Software, a European software publisher dedicated to companies in the retail, real estate, healthcare, construction, and agri-food sectors.

A majority shareholder since 2021, TA Associates will reinvest in the company alongside Francisco Partners and the management team. The investment will allow Orisha to further advance its growth journey, solidifying its industry leadership through ongoing organic growth, diversification, geographic expansion, and strategic acquisitions. The transaction remains subject to regulatory and antitrust approvals and is expected to close in Q4 2024.

The Latham team was led in Paris by corporate partner Gaëtan Gianasso, with associates David Chatteleyn and Armand Levivier. Advice was also provided on finance matters by partner Michel Houdayer, with counsel Aurélie Buchinet; on IP/IT matters by partner Jean-Luc Juhan; on antitrust matters by partner Mathilde Saltiel; on employment law matters by partner Matthias Rubner, with counsel Romain Nairi; on healthcare and life sciences matters by partner Eveline Van Keymeulen; on tax matters by partner Xavier Renard; on data protection matters by partner Myria Saarinen, with counsel Elise Auvray; and on FDI matters by partner Charles-Antoine Guelluy.