Simpson Thacher represented Prometheus Group in connection with its acquisition of Utopia, a leading software and services company for end-to-end data quality, data migration and data governance solutions. The transaction closed October 16, 2020. Financial terms were not disclosed.
Prometheus Group, a portfolio company of Genstar Capital, is a global provider of comprehensive and intuitive plant maintenance operations and optimization software, with a broad platform of solutions addressing the unique idiosyncrasies and requirements of heavy asset operators.
The Simpson Thacher team included Michael Kaplan, Daniel Switts, Claire Hutar and Tim Krause (M&A); Sophie Staples (Tax); Tristan Brown and Caitlin Lucey (ECEB); Genevieve Dorment (IP); and Peter Guryan, Kelly Karapetyan, Nora Hood and Nathaniel Bronstein (Antitrust).