Warburg Pincus and Vista Equity Partners to Acquire Redwood Software From Turn/River Capital

Cleary Gottlieb is representing Warburg Pincus LLC (Warburg Pincus) in its pending acquisition of Redwood Software (Redwood), a portfolio company of Turn/River Capital (Turn/River).

Warburg Pincus is partnering with Vista Equity Partners in the acquisition.

The transaction was announced on September 10, 2024. The terms of the transaction were not disclosed.

Warburg Pincus is the oldest private equity firm and a leading global growth investor. The firm has more than $83 billion in assets under management. The firm’s active portfolio of more than 225 companies is highly diversified by stage, sector, and geography.

Vista is a leading global investment firm with more than $100 billion in assets under management as of March 31, 2024. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit, and public equity strategies.

Redwood is a leader in full stack automation fabric solutions and helps customers compose, orchestrate, and manage business and IT business processes across applications.

Turn/River Capital is a lower middle market private equity firm that uses a proprietary growth engineering strategy to drive revenue acceleration and build enduring value. Turn/River partners with B2B software companies and provide data-driven methods, hands-on operational support, and flexible capital to catalyze the next phase of growth.

For more information, please see the press release here.