Berkshire Partners Takes Majority Stake in AHEAD from Centerbridge 

Centerbridge Partners sold its majority stake in enterprise cloud services company AHEAD to co-investor Berkshire Partners just two years after buying into the business for $1.3 billion.

Terms of the deal were not disclosed, although a report from Reuters in July noted majority owner Centerbridge was preparing a sale which could value the company at more than $3 billion including debt.

Berkshire Partners becomes majority owner of the business following the new deal, with Centerbridge retaining a minority stake.

Centerbridge senior managing director Jared Hendricks and managing director Chris Litchford said, “The AHEAD team has performed phenomenally during our time working together.”

Barclays and SVB Securities served as joint lead financial advisors to AHEAD and Centerbridge. Kirkland & Ellis LLP served as legal counsel to AHEAD and Centerbridge. Guggenheim Securities served as financial advisor to Berkshire Partners. Ropes & Gray LLP served as legal counsel to Berkshire Partners.