Winston’s Los Angeles Corporate Team Receives Award for Cross-Border Tech Deal

Winston & Strawn was recognized by The M&A Advisor for legal advice on the “Information Technology Deal of the Year” in the 14^th Annual International M&A Awards. The team advised L.A.-based private equity firm Diversis Capital in the acquisition of a minority interest of portfolio company Tempo from Iceland-based Origo, an IT services firm. Diversis initially acquired a stake in Tempo from Origo in 2018 and purchased the balance of the company through the latest transaction. Founded in 2013, Diversis is a technology-focused private equity firm with more than USD1B in capital raised across its funds. Tempo was founded in 2007 as part of TM Software in Iceland and was spun off into a separate company in 2015.

Winston’s L.A.-based corporate partners led the deal with support from the firm’s Washington, D.C., office. “Winston’s national corporate team continues to gain recognition for our robust middle-market M&A work across a wide variety of industries, including technology, industrials, business services, and consumer products. We are routinely relied upon by our clients, industry leaders, and the media for market insights, which further illustrates our commitment to being ahead of the market and ensuring our clients’ objectives are realized,” said Transactions Department Chair Eva Davis.

Thank you to our clients at Diversis, including Ron Nayot, Brendan Gallo, Karen Hsu, Kambiz Izadi, Chris Porch, and Dabir Rashid.