Milbank LLP has advised global growth investor, Summit Partners, in connection with its $135 million investment in Akeneo, a French software business. The funding round was led by Summit, with existing investors Alven and Partech also participating. The new capital will be used to drive continued momentum through an accelerated product development roadmap, key executive hires and expansion of Akeneo’s strategic partnerships.
Akeneo is a global leader in product experience management (PXM) and product information management (PIM), helping businesses to unlock growth opportunities by delivering a consistent and compelling product experience across all channels, including eCommerce, mobile, print, points of sale and beyond. Akeneo’s PXM solution is designed to help businesses reimagine their operations – making PIM a cornerstone of commercial success and helping influence new growth opportunities and drive revenue across their operations and sales channels.
The Milbank team was led by London Corporate partner Andrej Wolf with support from associates Anna Bryant, Kate Meils and Lewis Whiteoak; London Antitrust partner Andrea Hamilton with support from associate Stefanie Gschoßmann; London Tax partner Russell Jacobs with support from special counsel Andrew Callaghan and associate Fareed Muhammed; and New York Tax partner Max Goodman with support from associate Archan Hazra.
This transaction follows Milbank’s role advising Summit Partners on its investment of $75 million in Optimove, a leader in CRM marketing.
