Simpson Thacher is representing Francisco Partners in connection with its entry into a definitive agreement, alongside Clearlake Capital Group, L.P., to acquire the Software Integrity Group business from Synopsys, Inc (NASDAQ: SNPS) in an all-cash transaction worth approximately $2.1 billion. Upon completion of the transaction, which is expected to close in the second half of 2024, the Software Integrity Group business will operate as a privately held company.~~Synopsys’ Software Integrity Group is a leading provider of application security testing solutions that transform the way development teams build and deliver software, accelerating innovation while addressing business risk. Its comprehensive, industry-leading portfolio of software security products interoperates with third-party and open-source tools, allowing organizations to leverage existing investments to build the security program that is best for them.~~The Simpson Thacher team includes Robert Langdon, Atif Azher, Naveed Anwar and Shaneel Parikh (M&A), Russell Light and Bill Smolinski (Tax), Karen Kazmerzak and Max Fischer-Zernin (Antitrust) and Mark Skerry (Regulatory).