Fred N. Lim, P.C.

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. Read Everbridge’s press release 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.

Feb 5

1 min

Kirkland & Ellis represented Instructure Holdings, Inc. (NYSE: INST), a leading learning ecosystem, on its definitive agreement to be acquired by investment funds managed by KKR, a leading global investment firm, for $23.60 per share in an all-cash transaction valued at an enterprise value of approximately $4.8 billion. The per-share purchase price represents a premium of 16 percent over Instructure's unaffected share price of $20.27 as of May 17, 2024, the last trading day prior to media reports regarding a potential transaction. KKR, with participation from Dragoneer Investment Group, will acquire all outstanding shares, including those shares owned by Instructure's existing majority owner, Thoma Bravo, a leading software investment firm, which acquired the company in 2020 and took it public in 2021. Kirkland represented Thoma Bravo in the 2020 acquisition and Instructure in its IPO. Read the transaction press release The Kirkland team was led by corporate partners Peter Stach, Brad Reed and Jeremy Mandell; capital markets partner Michael Keeley; debt finance partner Fred Lim; tax partners Adam Kool and Mike Conroy; and technology and IP transactions partner Aaron Lorber.

Jul 25

1 min

Kirkland & Ellis advised LogRhythm, the company helping security teams stop breaches by turning disconnected data and signals into trustworthy insights, on its merger agreement with Exabeam, a global cybersecurity leader that delivers AI-driven security operations. The merger is expected to close in the third quarter of 2024 and is subject to regulatory approvals and customary closing conditions. Read LogRhythm’s press release The Kirkland team was led by corporate partners Peter Stach, Kristen Molloy and Corey Fox and associate Josephine Bae; debt finance partner Fred Lim and associate Alex Straka; tax partner Adam Kool; and technology & IP transactions partner Aaron Lorber.

May 16

1 min

Kirkland & Ellis advises Wilshire Advisors LLC, a leading global financial services firm, on its alliance with XTP Implementation Services (XTP), a tech-enabled and data-driven specialist focused on improving transparency, reducing risk, enhancing investment governance, and increasing net returns for institutional investors globally. Through this partnership, which was effectuated by an acquisition of XTP by Wilshire, with simultaneous reinvestment in Wilshire by former XTP shareholders, XTP will continue to operate independently under its existing leadership team and brand. Financial terms of the transaction were not disclosed. Read the transaction press release The Kirkland team is led by corporate partners Lauren Colasacco and Philip Goj and associates Sumer Marquette and Tamara Zehentbauer; tax partners Michael Ehret and Ben Schreiner; debt finance partners Fred Lim and James Dickson; and executive compensation partner Anthony Ji.

Aug 29

1 min

Kirkland & Ellis advised Thoma Bravo, a leading software investment firm, on its definitive agreement to make a strategic growth investment in BlueMatrix, a content creation and distribution platform for investment research providers. The transaction was announced on December 14, 2023. Financial details of the transaction were not disclosed. Read Thoma Bravo’s press release The Kirkland team was led by corporate partners Brad Reed and Kristen Molloy and associates Alex Romano, Jo Jensen and Sarah Zanola; debt finance partner Fred Lim and associates Alex Straka and Ethan Tse; tax partners Kevin Coenen, Adam Kool and Steven Cantor; technology & IP transactions partners Seth Traxler and Aaron Lorber and associates Michael James and Andy White.

Dec 14

1 min