Law firm Paul Hastings has represented Oakley Capital, a Western Europe-focused private equity firm, on its Fund III acquisition of Ekon.
Ekon is a Spanish provider of enterprise resource planning software, with the acquisition structured as a carve-out from the Iberian operations of its seller, Unit4.
The Paul Hastings team included corporate partner Anu Balasubramanian and corporate associates David Prowse and Aimée Fabri alongside tax associate Jiten Tank. Uría Menéndez, led by corporate partner Juan Carlos Machuca and corporate associate Alvaro Hernandez advised on the Spanish law aspects of the transaction.
This is Paul Hastings’ second transaction for Oakley Capital in 2019. Anu Balasubramanian commented “We are delighted to have advised our long-standing client Oakley on their latest investment in the TMT sector and their first investment in Spain. This carve-out transaction involved multiple practice groups within Paul Hastings and close collaboration with the Uria team to help achieve a successful outcome for our client.”
