On December 21, 2021, Encora, a global digital engineering services company specializing in software product development services for fast-growing enterprises and digitally native companies, and Advent International, a leading global private equity firm, announced that Advent has acquired a majority stake in Encora's business. As part of the agreement, Warburg Pincus, the existing majority shareholder of Encora, retains a minority stake. Wilson Sonsini Goodrich & Rosati represented Encora in the transaction.
This new partnership enables Encora to accelerate its global growth, both organically and through targeted M&A opportunities, expand its differentiated delivery model, and advance its customer-facing digital services. Encora continues to focus on serving the software and digital engineering needs of enterprise SaaS companies, midmarket technology companies, and large enterprises.
According to the press release, Encora is now valued at approximately $1.5 billion.
The Wilson Sonsini team that advised Encora includes:
Corporate
Raj Judge
Melinda Douglass
M&A
Todd Cleary
Ross Tanaka
Stacy Lee
Ava Munson
Techonology Transactions
Chris Paniewski
Sean Withall
Privacy
Matt Staples
Daniel Chen
Dantam Le
Employee Benefits and Compensation
Sriram Krishnamurthy
Mark Cornillez-Ty
Jason Chan
Antitrust
Ben Labow
Employment Litigation
Rebecca Stuart
Heather Diles
Regulatory
Seth Cowell
Jahna Hartwig
Real Estate/Environmental
Jim McCann
For more information, please see Encora's press release.