Chambliss Represents Drake Software in Major Investment Agreement
Chambliss represented Drake Software, a leading tax preparation software provider headquartered in North Carolina, in connection with a significant investment in the company by Cinven, an international private equity firm. The transaction was announced in a press release on February 5, 2021, and is subject to customary anti-trust approval.
Founded by Phil Drake in 1977, Drake Software provides resources to tax professionals that help build their businesses and attract new clients. Drake Software assists more than 64,000 tax professionals nationwide each year with processing more than 33 million federal and state accepted returns. Drake Software has more than 600 employees across five offices in North Carolina, Tennessee, and Virginia.
The legal team advising Drake Software in this transaction included shareholders Bill Aiken, Laura McKinney, and Willa Kalaidjian, and associate Courtney Keehan.
For more information on our team’s experience, visit our Mergers and Acquisitions service page.
Read the Smoky Mountain News article, “International equity firm invests in Drake Software.”