Holland & Hart represented AbsenceSoft, a portfolio company of Bow River Capital Software Growth Equity Fund (“Bow River”), in the recapitalization of AbsenceSoft with Norwest Venture Partners, a leading venture and growth equity investment firm. Terms of the transaction were not disclosed.
AbsenceSoft, the market-leading, cloud-based total absence management platform, introduced its core software system, AbsenceTracker, eight years ago. Its SaaS platform addresses the market needs for complex compliance monitoring and configurable workflow and reporting solutions for FMLA, ADA, Disability, and all forms of employee absenteeism. Bow River will maintain a significant equity stake and board seat in AbsenceSoft to help drive continued growth across all dimensions of the business.
The Holland & Hart transactional team was led by corporate partners Chris Balch and James Crowe, with assistance from corporate associates Paige Coriden and Nate Davis. Subject matter assistance was provided by Matthew Cavarra, John Ludlum, Ben Gibbons, Peter Perla, Trent Timmons, Cory Talbot, Hope Hamilton, Darian Mendez, and Andrew Murray, among others.
For more information, please see Bow River's press release.
Holland & Hart’s Corporate attorneys have extensive experience advising companies and sophisticated investors in a diverse range of industries including software and technology, finance, healthcare, energy and resources, gaming, outdoor recreation, animal health, construction and building materials, aerospace, and food, beverage, and consumer products industries.