Kirkland & Ellis counseled Thoma Bravo, a leading software investment firm, on its definitive agreement to purchase Everbridge, Inc. (Nasdaq: EVBG), a global leader in critical event management (CEM) and national public warning solutions, in an all-cash transaction valuing Everbridge at approximately $1.5 billion. The transaction is expected to help accelerate the company’s continued growth at a time of rising global uncertainty and increased prioritization of public safety and operational continuity. Upon completion of the transaction, Everbridge will become a privately held company. Under the terms of the agreement, Everbridge shareholders will receive $28.60 per share in cash. The per share purchase price represents a 32 percent premium to the Everbridge volume-weighted average share price over the last 90 days.
The Kirkland team was led by corporate partners Corey Fox, Brad Reed, Cole Parker and Jeremy Mandell and associate Sophie Daroff; capital markets partner Michael Keeley; debt finance partners Fred Lim and Omar Raddawi; tax partner Adam Kool; and corporate associates Zack Theo, Lauren Fiotakis and Divya Gulati.