Press Release

Kirkland Advises Thoma Bravo on $110 Million Secondary Investment in Pendo

Kirkland & Ellis advised Thoma Bravo on its $110 million secondary investment in Pendo, a company that provides software that makes software better. The investment was carried out through the purchase of secondary shares from Pendo employees and early-stage investors at the company's most recent valuation of $2.6 billion. As one of the largest and most experienced software investors in the world, Thoma Bravo can provide Pendo with significant operational and financial resources to support the company's growth plans, strategic acquisition efforts and continued product innovation.

Read the Thoma Bravo press release

The Kirkland team was led by corporate partner Jon-Micheal Wheat and associate Gregory Klein, tax partners Kevin Coenen and Adam Kool and associate Steven Cantor, employment and labor associates Kayla Davis and Alexis Grinstead, employee benefits partner Matthew Antinossi and associate Hannah Barlow, litigation partner Jim Mutchnik, executive compensation partner Michael Falk, environmental transactions partner Sara Webber, ESG & impact partner Sara Orr and associate Jacqueline Yap, real estate partner Roberto Miceli, international trade and national security partner Luci Hague and associate Anais Bourbon, technology & IP transactions partners Seth Traxler and Aaron Lorber and associate Scottie Shermetaro, and antitrust partners Chuck Boyars and Matthew Sinclair-Thomson and associate Kelsey Laugel.