Shearman & Sterling represented Francisco Partners in the acquisition of Plex Systems, Inc. from a group of shareholders led by affiliates of Apax Partners. Financial terms of the transaction were not disclosed.

Plex, based in Auburn Hills, Michigan, is a pioneer in cloud-based enterprise resource planning (ERP) software for manufacturers whose flagship product, Plex Online, is a “shop floor to top floor” solution providing deep functionality for virtually every department within quality-driven manufacturers. Plex has a broad customer base across the automotive, aerospace and defense, food and beverage and electronics industries, where manufacturers are turning to the cloud to streamline and modernize their global operations.

Francisco Partners, based in San Francisco, California, is a leading technology-focused private equity firm.

The Shearman & Sterling team included partner Michael Kennedy (San Francisco-Mergers & Acquisitions) and associates Jeffrey Wolf (San Francisco-Mergers & Acquisitions), Flavio Averbug (San Francisco-Mergers & Acquisitions), and Joshua Reynolds (San Francisco-Mergers & Acquisitions), as well as partners Richard Hsu (Palo Alto-Intellectual Property Transactions) and Larry Crouch (Palo Alto-Tax); counsel Eileen O’Pray (Palo Alto-Tax); and associates Zheng Bao (Palo Alto-Intellectual Property Transactions), Jung Yoo (New York-Intellectual Property Transactions), Eric Naftel (Palo Alto-Tax), Daniel Stellenberg (Palo Alto-Executive Compensation & Employee Benefits), Gary Tashjian (New York-Executive Compensation & Employee Benefits) and Kelly Karapetyan (New York-Antitrust).


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