Press Release

Kirkland Counsels Vista on Acquisition of Xactly for $564 Million

Kirkland & Ellis LLP advised Vista Equity Partners, a leading  private equity firm focused on investments in software, data and technology-enabled businesses, on its decision to acquire Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions. Under the terms of the agreement, affiliates of Vista will acquire all outstanding shares of Xactly common stock for a total value of approximately $564 million.  Xactly stockholders will receive $15.65 in cash per share, representing an approximately 17 percent premium to the closing price as of May 26, 2017 and an approximately 31 percent premium compared to the 3-month volume weighted average price of Xactly’s common stock. The full release is available here.
The Kirkland team was led by corporate partners Sarkis Jebejian, Joshua Zachariah, Stuart Casillas and Joseph Halloum.