PHILADELPHIA – Troutman Pepper Locke represented Automated Financial Systems, LLC (AFS), a leading provider of commercial loan servicing and loan lifecycle management technology to the financial services industry, in its sale to OceanSound Partners (OceanSound), a growth-oriented private equity firm focused on technology and technology-enabled services companies serving highly regulated end markets. For more information, see the full press release.
AFS has established itself as a trusted technology partner to community, regional, and national financial institutions through its management of complex commercial lending portfolios. OceanSound’s acquisition will enable AFS to accelerate product innovation, increase investment in sales and support capabilities, and deliver enhanced value to its commercial lending partners.
The Troutman Pepper Locke team that advised AFS was led by Jeremy Levy, with support from Chelsea MacArthur, Nick Dowdle, Kevin Cox, Matthew Ramsey, Jessica Rothenberg, Howard Goldberg, Mike Crumbock, Chris Stock, Stefanie Brennan, Jared Burns, Barbara Sicalides, and Jonathan Homer.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s Private Equity and Investment Funds Practice regularly handles middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
About Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.