PhotoShelter’s Acquisition of Third Light

Kirkland & Ellis advised Clearhaven Partners in the deal.

PhotoShelter executed its acquisition of Third Light, a UK-based DAM software provider. The acquisition was made n partnership with PhotoShelter’s investor Clearhaven Partners and less than four months after Clearhaven’s recent growth investment in PhotoShelter. Financial terms were not disclosed.

PhotoShelter is a market-leading provider of SaaS digital asset management (DAM) solutions that enable photographers and creative teams to unlock the power of a moment through tools to seamlessly organize, manage and distribute digital content.

Clearhaven Partners is a Boston-based private equity firm focused exclusively on investments in software and technology businesses. Clearhaven was founded by an investor-operator team to partner with differentiated, growing software and technology companies with at least $20 million in recurring revenue. 

The Kirkland team was led by corporate associates Emily Deagen (Picture) and Ricky Aiello, with assistance from partners Amanda Border and Christian Atwood, tax partner Vin Thorn, and executive compensation partner Kate Coverdale and associate Fishel Schreiber.

Involved fees earner: Ricky Aiello – Kirkland & Ellis; Christian Atwood – Kirkland & Ellis; Amanda Border – Kirkland & Ellis; Katherine Coverdale – Kirkland & Ellis; Emily Deagen – Kirkland & Ellis; Fishel Schreiber – Kirkland & Ellis; Vincent Thorn – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Clearhaven Partners;