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Latham & Watkins Advises Onex in Strategic Investment in Unanet

December 9, 2022
Members of the firm’s Private Equity and M&A Practices led the team that represented the Toronto-based investor and asset manager.

Unanet, the leading provider of project-based ERP and CRM solutions for government contractors (GovCons) and architecture, engineering and construction (AEC) firms, has announced that it has closed a new round of strategic financing from Onex Corporation (TSX: ONEX). The investment will help Unanet accelerate its product innovation, go-to-market strategies, and plans for continued growth. Onex becomes the second major investor in Unanet, which is primarily funded by Baltimore and San Diego-based JMI Equity.

Latham & Watkins LLP represented Onex in the transaction with a corporate deal team led by Chicago partners Shaun Hartley and Daniel Breslin, with associates Kevin Uhler and Tyler Neal. Advice was also provided on investment funds matters by New York partner Matthew Chase; on tax matters by Bay Area partner Katharine Moir and New York partner Alan Kimball; and on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum and Washington, D.C. counsel Laura Szarmach.