DLA Piper advises Kenect in strategic investment from PSG

DLA Piper represented Kenect, LLC, a rapidly growing provider of business texting and communications technology, in a strategic growth investment from funds advised by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled service companies.

Kenect allows companies to use business phone numbers to send and receive text messages from any device. Since its founding in 2017, Kenect has grown its cloud-based, two-way text messaging platform to support customer communications, customer experience, lead generation, reputation management and payments for thousands of customers across multiple industries.

“It was a pleasure to utilize our extensive experience advising innovative tech companies on strategic private equity transactions to assist Kenect with this investment, which will support Kenect’s next phase of growth and enable it to better serve its growing list of clients across North America,” said Martin Nichols, the DLA Piper partner who led the firm’s deal team.

“Words can’t express how impressed I am with Martin and the DLA Piper team. Their work was exemplary from start to finish, and their Herculean efforts and commitment to working numerous late nights to complete this transaction is a testament to their dedication and top-tier client service,” said Shaun Sorensen, CEO of Kenect.

In addition to Nichols, the DLA Piper corporate team advising Kenect also included senior associate Andrew Booth (both of San Diego).

DLA Piper’s Private Equity practice includes more than 100 US lawyers who provide strategic counsel to private equity funds and the industry-leading companies they invest in. Pitchbook has repeatedly recognized DLA Piper as the one of the most active private equity law firms globally, further solidifying the strength of the firm’s team and its depth of experience executing private equity transactions.

The firm’s global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.