Kirkland & Ellis advised Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, on its definitive agreement to acquire RealPage Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry. The all-cash transaction values RealPage at approximately $10.2 billion, including net debt. The transaction is subject to customary conditions and is expected to close in the second quarter of 2021. Upon completion of the transaction, RealPage will become a privately held company, and its common stock will no longer be listed on the NASDAQ stock market.
The team was led by transactional partners Jerry Nowak, Corey Fox, Bradley Reed and Dan Hoppe and associates Kristen Molloy, Kelsey Chetosky, Maria Fay Karras and Adam DeSantis; intellectual property partners Seth Traxler and Aaron Lorber and associates Scottie Shermetaro and Jeff Seroogy; debt finance partners Brian Ford and Kyle Gillen and associate Joe Patterson; banking regulatory partner Edwin del Hierro; tax partners Kevin Coenen and Adam Kool and associate Steven Cantor; employee benefits partner Alex Mihalas and associate Jack Amaro; executive compensation partners Michael Falk and Ian Sherwin and associates Brian Valcarce and Alex Freund; environmental transactions partner Stefanie Gitler and associate Madison McMurray; real estate partner John Caruso; international trade partner Anthony Rapa and associate Matt O’Hare; employment & labor partner Michael Schulman, of counsel Evangelia Podaras and associate Alexis Grinstead; antitrust & competition partners James Mutchnik, Chuck Boyars and Sally Evans, and associates Chris Boyd and Kelsey Laugel; insurance partner partner Parimah Hassouri; energy regulatory partner Bob Fleishman and associate Cassidy Hall; litigation partner Dan Kearney; derivatives partner Scott Gordon; and director of M&A clearance Kurt Wunderlich.