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Latham & Watkins Advises Activant Capital in US$257 Million Fund Closing

April 9, 2020
Members of firm's Investment Funds Practice advised Activant on its third fund.

Activant Capital has announced a new US$257 million fund, Activant Ventures III, LP, to invest in commerce infrastructure technology. Activant — the highly focused growth equity fund — continues to invest in infrastructure platforms that help to make, move, and sell more efficiently across industries. The firm invests between US$15-US$60 million in high-growth companies, typically as the lead investor, and offers a broad array of operational support to help founders unblock barriers to scale.

Latham & Watkins LLP represented Activant in the fund formation with a corporate deal team led by New York partner Matthew Chase, with Chicago associates Matthew Wynne and Jennifer Tian. Advice was provided on tax matters by New York partner Gregory Hannibal, with associate Lauren Bewley.