Centerbridge Acquires Majority Stake in AHEAD; Berkshire Partners Takes Minority
September 1, 2020
Funds advised by Centerbridge Partners will acquire a majority stake in AHEAD, the Chicago-based enterprise cloud solutions and professional services provider, while Berkshire Partners will purchase a minority stake and AHEAD management will retain a significant ownership position. The transaction, which Court Square Capital Partners is exiting, is intended to accelerate AHEAD's expansion of digital solutions, services and geographic reach to support further growth in intelligent operations and cloud-native application development.
- Targets
- AHEAD
- Sellers
- Court Square Capital Partners
- Industry
- Cloud & SaaS
- Location
- Illinois, United States
- Transaction Type
- Buyout
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Berkshire Partners Acquires Majority Stake in AHEAD from Centerbridge
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Funds advised by Berkshire Partners will acquire a majority stake in AHEAD from Centerbridge Partners, with Centerbridge retaining a minority interest and AHEAD management continuing to own a significant portion. The deal positions Berkshire to support AHEAD's next phase of growth, expanding its cloud, data, and application services to enterprise customers.
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AHEAD Acquires vCORE Technology Partners
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