Weil is advising Advent International and its portfolio company Xplor Technologies, a global platform providing software and embedded payments solutions, in its definitive agreement to merge with Clubessential Holdings, a global SaaS and embedded payments provider for membership-based organizations. The combination forms a global provider of software and payment solutions for fitness & wellness, golf & club, parks & recreation, and home services.

Following the transaction, the combined organization will continue to be majority-backed by Xplor’s majority owner Advent International, with Clubessential Holdings’ backers Battery Ventures and Silver Lake continuing as significant minority investors and active members of the Board of Directors. The combined organization will serve more than 130,000 customers worldwide, process $47 billion in annual payments volume, employ approximately 2,500 people, and generate nearly $900 million in annual revenue.

The Weil deal team is led by U.S. Private Equity Co-Head Ramona Nee and includes Private Equity partners Jakub Wronski and Emily Willey and associates Molly MacDougall, Geoff Greenspoon, Danielle Palmer, Erin Richard, Reed Ruddick and Joe Schlemeier; Banking & Finance partner Benton Lewis and associates Danielle Cepelewicz and Katharine Pacoli; Executive Compensation & Benefits partner Jennifer Britz and associates Nate Gross and Connor Wax; Tax partners Noah Beck and Chayim Neubort and associates Kyle Jackson and Andrew Lawson; Technology & IP Transactions partner Kane Wishart and associates Kristen Pavlounis and Maryann Thompson; U.S. Privacy & Cybersecurity Head Olivia Greer and associates David Merck and Colleen Seidel; Antitrust U.S. Co-Heads Michael Moiseyev and Brianne Kucerik, partner Nafees Saeed, counsel Carla Hine and Chris Thomas and associates Mehjabin Ahmed, Drew Cypher and Michael Geisler; Employment partner Rebecca Sivitz and associate Paige Mickel; Regulatory partners Timothy Welch and Marc Schubert, counsel Arup Sen and associate Bryony Pearson.