Willkie represented Drillinginfo, a portfolio company of client Insight Venture Partners, in the transaction.
Drillinginfo, a company that specializes in digital tools for oil companies, announced its acquisition by Genstar Capital, a San Francisco based private equity firm.
Drillinginfo is the leading software, data, and analytics platform for the energy value chain. The DrillingInfo platform is powered by an ever-expanding, industry-leading dataset derived from public and proprietary energy industry sources and delivered through a SaaS platform providing decision support insights to exploration and production companies, oilfield services companies, electrical power companies, and other commodity market and capital market participants. The company serves over 3,500 customers in 50 countries and has over 45,000 named users. Headquartered in Austin, TX, Drillinginfo has over 675 employees across 13 offices.
Willkie client Insight Venture Partners was Drillinginfo’s primary investor since 2012 and will retain a significant minority stake in the company following the closing of the transaction. Insight Venture Partners is a leading global private equity and venture capital firm that has raised more than $18 billion and invested in more than 300 growth-stage software, internet, and data services companies.
The Willkie deal team was led by partners Gordon Caplan, Morgan Elwyn and Matthew Haddad, and included associates Stephanie Moran and Ann-Christine Stepien.