Simpson Thacher is representing KKR in its acquisition of 100% of Ness Digital Engineering (“Ness”), a global full-lifecycle digital services transformation company, from The Rohatyn Group.
Founded in 1998 and headquartered in Teaneck, New Jersey, Ness is a leading provider of end-to-end digital transformation services that specializes in building digital software products and platforms. Ness helps organizations envision, build and continually evolve their digital platforms to enter new markets, capture new revenue and gain operational efficiencies. The Company offers a wide range of digital practices that include cloud engineering, data and analytics, experience design, intelligence engineering and salesforce for businesses across sectors. Today, Ness has a presence in North America, Europe, the Middle East and Asia, with a globally diversified talent pool across India, Eastern Europe and the United States.
KKR makes its investment from its Asian Fund IV. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed.
The Simpson Thacher team includes Ian Ho, Valerie Fung and Shirley Foo (M&A-Hong Kong); Ravi Purushotham (M&A-New York); Joe Kaufman and Arielle Katzman (Capital Markets); Rick Wei (Credit); Tristan Brown and Guanxiong Xu (Executive Compensation and Benefits); Lori Lesser, Mark Natividad and Corina McIntyre (IP); Steve DeLott (Insurance); and Meredith Jones (Tax).