Kirkland & Ellis LLP advised Micro Focus (LSE: MCRO.L) on the acquisition of Hewlett Packard Enterprise’s (NYSE: HPE) software business through a ‘Reverse Morris Trust’ structure in a transaction valued at approximately $8.8 billion. Micro Focus is a global enterprise software company helping customers innovate faster with lower risk. HPE is an industry-leading technology company that enables customers to go further, faster. The combination of these assets will create one of the world’s largest pure-play software companies with annual revenues of approximately $4.5 billion and EBITDA of approximately $1.35 billion. The full release is available here.
The Kirkland team was led by corporate partners William Sorabella, David Feirstein and John Kupiec with David Fox and associates Clément Smadja and James Hu; and tax partners Dean Shulman, Mike Carew and Vincent Thorn and associate Meg Dewar; and finance partners Christopher Butler and Maureen Dixon; and IP partners Gregg Kirchhoefer and Aaron Lorber.