Gearset’s $55 Million Growth Investment

Kirkland & Ellis advised Silversmith Capital Partners, and Mills & Reeve advised Gearset on the deal.

Silversmith Capital Partners, a Boston-based growth equity firm, announced its lead role in a $55 million growth investment in Gearset, the leading DevOps solutions provider for Salesforce.

The funding will allow the company to accelerate the adoption of DevOps by low-code teams in the world’s biggest organizations by expanding its product offering, growing sales and marketing, and scaling the team across the United States and UK. As part of the investment, Silversmith’s Sri Rao joined Gearset’s Board of Directors.

Gearset is the complete Salesforce DevOps solution, with powerful tools for unparalleled deployment success, continuous delivery, automated testing and backups. Thousands of Salesforce professionals have already used Gearset’s cloud-based app to run millions of deployments, back up billions of records, and save billions of dollars through productivity improvements.

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies.

The Kirkland team was led by corporate partners Stuart Boyd (Picture) and Christian Atwood and associates Jonas Goransson and Izzet Hassan, tax partner James Seddon and associate Paul Stephens Hendrickson, and technology & IP transactions partner Emma Flett and associate Alice Knowles.

Involved fees earner: Christian Atwood – Kirkland & Ellis; Stuart Boyd – Kirkland & Ellis; Emma Flett – Kirkland & Ellis; Jonas Goransson – Kirkland & Ellis; Izzet Hassan – Kirkland & Ellis; Paul Stephens Hendrickson – Kirkland & Ellis; Alice Knowles – Kirkland & Ellis; James Seddon – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Silversmith Capital Partners;