A transatlantic team from Kirkland & Ellis LLP represented Golden Gate Private Equity Inc. in its exit from British software company Micro Focus International plc.
The sale of Golden Gate's remaining 45 million shares ends the private equity firm's eight-year association with Micro Focus, which it acquired in 2001. Golden Gate's 22 percent stake was sold to a broad group of institutional investors for approximately £117.1 million. The placement was managed by Micro Focus's house broker, UBS.
"We are pleased to have assisted Golden Gate in its successful exit from Micro Focus," said Christopher Field, a partner at Kirkland & Ellis International LLP. "This further establishes our premier transatlantic legal offering in both the private and public markets."
The Kirkland team included London partner Christopher Field and associate Shawn Atkinson, and Chicago partners Gary Holihan and Dennis Myers.
About Kirkland & Ellis International LLP
Kirkland & Ellis International LLP is a 1,500-attorney law firm representing global clients in complex corporate and tax, real estate, restructuring, litigation, dispute resolution and arbitration, and intellectual property and technology matters. The Firm has offices in London, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco and Washington, D.C.
About Golden Gate Capital
Golden Gate Capital is a private equity firm with over $9.0 billion of assets under management dedicated to investing in change-intensive opportunities. The firm's charter is to partner with world-class management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types.