June 5, 2012
Firm Advises Insight Venture Partners in Latest Investment
Gordon R. Caplan
, Morgan D. Elwyn
, William N. Dye
, Christopher J. Peters
On June 4, it was announced that a consortium of investors led by Willkie client Insight Venture Partners and Da Vinci Capital, and including ALPHA Associates and Runa Capital, has acquired a significant minority stake in B2B-Center, Russia's leading online procurement platform for businesses to sell or acquire goods and services. The investment is intended to support B2B-Center’s ongoing growth and expansion into new vertical markets and new product types. B2B-Center, the largest operator of an online procurement marketplace in Russia, enables its business clients to list and sell, or find and procure, products and services, and thus extend sales channels for suppliers while improving efficiency in supply chain procurement.
Earlier this year, this firm advised Insight in the $2 billion buyout of Quest Software, and in its acquisition of a controlling interest in oil and gas data intelligence provider Drilling Info Inc., among other transactions. In 2011, Willkie represented Insight in several high-profile deals, including the sale of TicketMonster, an Insight portfolio company in South Korea, to Living Social; the sale of DailyDeal GmbH, an Insight portfolio company in Germany, to Google; and in the formation of new funds totaling $2 billion.
The current deal was handed by partners Gordon Caplan, Morgan Elwyn. William Dye and Christopher Peters and associate Andrew Lloyd.