Bradley C. Reed, P.C.

Kirkland & Ellis advised Thoma Bravo and its portfolio company Venafi, a leader in machine identity management, on the sale of Venafi to identity security company CyberArk. CyberArk intends to acquire Venafi for an enterprise value of approximately $1.54 billion in a combination of cash and CyberArk shares (approximately $1 billion in cash and approximately $540 million in shares). The transaction is expected to close in the second half of 2024, subject to required regulatory approvals, clearances and other customary closing conditions. Read the transaction press release The Kirkland team was led by corporate partners Corey Fox, Bradley Reed and Brett Nelson and associates George Boden and Emily Goldenberg; capital markets partner Michael Keeley and associate Nick Pappas; technology & IP transactions partner Aaron Lorber and associate Jessie Perlman; debt finance partner Brian Ford and associate Matt Demopoulos; and tax partners Adam Kool and Steven Cantor.

May 20

1 min

Kirkland & Ellis advised Thoma Bravo, a leading software investment firm, on its additional strategic investment in its portfolio company Imprivata, a digital identity company for mission-and life-critical industries, to fund Imprivata's acquisition of SecureLink, the leader in critical access management with elite patient privacy monitoring. Upon closing, Cove Hill Partners, SecureLink's existing majority investor, will retain a minority stake in the combined company. Read the Thoma Bravo press release The Kirkland team was led by corporate partners Bradley Reed and Peter Stach and associates Andrew Struckmeyer and Lisa Gunter, and debt finance partner Maureen Dixon.

Apr 12

1 min

Kirkland & Ellis counseled Thoma Bravo, a leading software investment firm, on its strategic controlling investment in Bluesight, the Medication Intelligence™ Company. Current investor New Leaf Ventures will remain invested in Bluesight’s business. Financial terms of the transaction were not disclosed. Read Thoma Bravo’s press release The Kirkland team was led by corporate partners John Kaercher and Andrew Walker and associates Oscar Leija and Mike Fiedorowicz with assistance from corporate partner Bradley Reed; debt finance partner Fred Lim and associates David Love and Tina He; tax partners Adam Kool and Kevin Coenen and associate Natalie Kannan; technology & intellectual property transactions partners Aaron Lorber and Kevin Jacobsen; executive compensation partner Jake Ebers and associate Tom Kotlowski; employee benefits partner Robert Zitko and associate Nate Linger; employment & labor partner Sydney Jones and associate Jaime Wamble; and healthcare partner Anthony Del Rio and associate Olivia Seraphim. Related: Kirkland Counsels Thoma Bravo on Bluesight’s Acquisition of Medacist

Jul 18

1 min

Kirkland & Ellis advised Thoma Bravo, one of the largest private equity firms in the world, on its acquisition of SailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader in enterprise identity security, for approximately $6.9 billion. SailPoint will benefit from the operating capabilities, capital support, and deep software expertise of Thoma Bravo. Upon completion of the transaction, SailPoint will become a privately held company. The transaction is expected to close in the second half of 2022, subject to customary closing conditions. Read the Thoma Bravo press release The Kirkland team was led by corporate partners Corey Fox and Bradley Reed and associate Steven Page, debt finance partner Brian Ford and associate Jessica Tjang, and technology & IP transactions partner Aaron Lorber.

Apr 11

1 min