Three Am Law Firms Lead on Bain's Applied Systems Sale

, The Am Law Daily


Bain Capital said Tuesday it has agreed to sell software maker Applied Systems for $1.8 billion to fellow private equity firms Hellman & Friedman and JMI Equity. Bain is being advised on the deal by frequent outside counsel Ropes & Gray, as is Applied. Hellman & Friedman and JMI are, respectively, relying on Simpson Thacher & Bartlett and Goodwin Procter as their lead outside counsel.

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