Chapman and Cutler LLP served as US legal counsel to Austrian technology company PSPDFKit in the company’s first growth investment.
PSPDFKit is a Vienna-based technology company that provides software employed by thousands of companies, organizations, governments, and developers to power document processing and productivity tools, serving nearly one billion end-users in over 150 countries. The company announced a more than €100 million growth investment from US investor Insight Partners, a global venture capital and private equity firm, on October 1, 2021. The transaction is subject to regulatory approvals and other customary conditions to closing and is expected to be completed in Q4 2021.
“We were delighted to serve PSPDFKit in leading this transaction and in coordinating and collaborating with the incredible legal team put together for this transaction,” said Chapman partner, Charles Calloway.
“Chapman has been an integral legal partner from the very beginning of this process, since we received the letter of intent,” said Jonathan Rhyne, Co-Founder and CEO of PSPDFKit. “We are appreciative of the counsel Charles and the Chapman legal team continue to provide and the work that went into moving this deal forward for regulatory approval.”
Chapman’s deal team was led by Charles Calloway (Partner, Corporate Finance) and Bob Criswell (Partner, Corporate and Securities), and included Paul Carman (Partner, Tax), John Martin (Partner, Corporate and Securities), Myles O’Kelly (Associate, Corporate and Securities), Gary Polega (Partner, Corporate and Securities), and Michael Reed (Partner, Corporate and Securities).
About Chapman and Cutler LLP
Founded in 1913 as a law firm focused on finance, Chapman and its practice areas have grown and evolved to become a sophisticated provider of legal services to banks, corporations, insurance companies, investment funds, and other participants in the financial services sector. Chapman is a go-to, top law firm for institutional private placements. For more information, please visit chapman.com.
PSPDFKit develops software development toolkits and related frameworks which enable document creation, manipulation, collaboration, and innovation within its customers' applications. The company's products cover all major platforms and support a wide range of programming languages, and can be deployed on-premise or in the cloud with ease and at any scale. PSPDFKit has earned its developers-first reputation by pioneering products that are easily integrated, completely customizable to fit any deployment and workflow, and are trusted by startups, SMBs, and multinational enterprises alike. For more information, please visit pspdfkit.com.
About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in highgrowth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all. For more information, please visit insightpartners.com