Kirkland Advises Thoma Bravo on Sale of Ellie Mae to Intercontinental Exchange

Kirkland & Ellis advised Thoma Bravo, a leading private equity investment firm, on the sale of its portfolio company Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, to Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services. The transaction is valued at an enterprise value of $11 billion, and is expected to close in the third quarter or early fourth quarter of 2020, following the receipt of regulatory approvals and the satisfaction of customary closing conditions.

Read the company press release from Intercontinental Exchange

The Kirkland team was led by transactional partners Peter Stach and Amelia Runyan Davis and associates Christopher Grady and Jake Flood; tax partners Kevin Coenen and Adam Kool; debt financing partner Brian Ford; technology & IP transactions partners Seth Traxler and Matthew Colman; employee benefits partner Matthew Antinossi; executive compensation partners Michael Falk and Ian Sherwin; employment & labor partner Michael Schulman; environmental transactions partner Sara Webber; real estate partner John Caruso; government contracts partner Robert Ryland; international trade partner Anthony Rapa; and antitrust & competition partners James Mutchnik, Chuck Boyars and Sally Evans. Transactional partners Gerald Nowak, Ted Peto and Bradley Reed also assisted on the transaction.