Sidley represented Revionics, Inc., the leading global provider of AI-powered pricing, promotion, and competitive insight for innovative global retailers, in its sale to Aptos, a portfolio company of the Merchant Banking Division (MBD) of The Goldman Sachs Group, Inc. and its affiliates. The acquisition is expected to close in September 2020.
Headquartered in Austin, Texas, and with offices in key cities across the U.S., Europe and Australia, Revionics helps retailers gain a competitive edge by managing and optimizing strategies for omnichannel pricing, promotions, and markdowns. Revionics' customer base includes many of the world's top retailers including Tier 1 brands across grocery, discount, drug, convenience, sporting goods, general merchandise, hardware, and specialty retail, such as Ahold Delhaize, DICK'S Sporting Goods, Douglas Holding AG, Family Dollar, Home Depot Mexico, Leroy Merlin Brasil, Love's Travel Stops, Rimi Baltic, and Tractor Supply Co.
The deal team was led by Mehdi Khodadad and Payom Pirahesh (Private Equity/M&A), and included Jim Warczak and Matthew Fagan (Private Equity/M&A), Matthew Johnson and Teresa Napoli (Employee Benefits), Eric Kauffman (Employment), Rachel Kleinberg and Kimberly Goldman (Tax), Daniel Ray (Technology and IP Transactions), Scott Goldstein (Insurance), Karen Kazmerzak and Jamie Sadler (Antitrust), and Sean Damm (Global Finance).