Kirkland Advises Thoma Bravo on Definitive Agreement to Acquire Kneat
Kirkland & Ellis advised Thoma Bravo, L.P., the world’s largest software-focused investment firm, on its definitive arrangement agreement to acquire all of the issued and outstanding common shares of kneat.com, inc. (TSX: KSI) (OTCQX: KSIOF), the global leader in digital validation and quality process automation. Under the terms of the arrangement agreement, holders of the outstanding shares of Kneat (other than any rollover shares) will receive C$6.50 cash per share, representing an aggregate total equity value of approximately C$650 million on a fully diluted, in-the-money, treasury-stock-method basis and inclusive of rollover shares. Completion of the transaction is subject to obtaining shareholder and other customary approvals. Upon completion of the transaction, Kneat will become a privately held company.
The Kirkland team included corporate lawyers Corey Fox, John Kaercher, George Boden and Amanda Van Auken; debt finance lawyers Fred Lim and Alex Straka; and tax lawyers Adam Kool and Mike Conroy.
