DLA Piper advises GE Vernova on sale of software solutions business Proficy to TPG

DLA Piper has advised GE Vernova on the sale of its Proficy software business to TPG, a leading global alternative asset management firm, for USD600 million.

The transaction will establish Proficy as an independent software business serving more than 20,000 customers across discrete, process, and hybrid manufacturing, as well as metro transit and other infrastructure applications. Proficy's solutions include cloud-based and on-premises HMI/SCADA, MES, industrial data management and analytics, offering architectural flexibility from equipment to the production line, plant, and full enterprise.

GE Vernova is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Headquartered in Cambridge, Massachusetts, U.S, it has over 130 years of experience and has approximately 85,000 employees across approximately 100 countries around the world.

A multidisciplinary team drawn from across DLA Piper's global network worked on this complex carveout transaction and was led by Corporate partners Ben Forgiel-Jenkins (London) and Jonathan Klein (New York). The team also included partner Lee Harding (Employment, London), legal directors Paul Routledge (Leeds) and Jennifer Holyoake (London), and associates Anthony Delury (New York) and Astrid Drost (New York).