Foley & Lardner LLP served as U.S. legal advisor to mdf commerce, a SaaS leader in digital commerce technologies, in its definitive agreement to be acquired by funds managed by KKR, a leading global investment firm, in an all-cash transaction. Upon completion of the deal, mdf commerce will become a privately held company.
mdf commerce’s platforms and services empower businesses around the world, enabling them to generate billions of dollars in transactions on an annual basis. The company’s North American eProcurement platform serves over 6,500 government agencies and more than 650,000 suppliers across Canada and the United States.
After the closing of the transaction, KKR will support mdf commerce in creating an equity ownership program to provide all employees the opportunity to participate in the company’s ownership benefits. This strategy is based on the belief that employee engagement is a key driver in building stronger companies.
The Foley team representing mdf commerce was led by senior counsel Rachael Martinez with support from partner Dovi Adlerstein. The deal team also included partners Gregory Husisian, Casey Knapp, Gregory Neppl, Aaron Tantleff, senior counsel Jordan Bergmann, and associates Brooke Bahlinger, Richard Flannery, and Gage Maurer.
