Kirkland Represents Thoma Bravo on $2 Billion Acquisition of QAD Inc.

Kirkland & Ellis advised  Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, on its acquisition of  QAD Inc. (Nasdaq: QADA) (Nasdaq: QADB), a leading provider of next-generation manufacturing and supply chain solutions in the cloud, for approximately $2 billion. Upon completion of the transaction, QAD will become a private company with the flexibility to continue investing in the development and deployment of Enterprise Resource Planning (ERP) software and related enterprise software for manufacturing companies around the world. The transaction is expected to close in the fourth quarter of 2021 and is subject to customary closing conditions. 

Read the transaction press release   

The Kirkland team was led by corporate partner Bradley Reed and associate Sam Stucker. Corporate partner Ted Peto also provided support on the transaction.