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January 24, 2026
Kirkland Advises Thoma Bravo’s Adenza on its Sale to Nasdaq for $10.5 Billion

1 min
AI-made summary
- Kirkland & Ellis advised Adenza, a provider of risk management and regulatory software for the financial services industry and a portfolio company of Thoma Bravo, on its definitive agreement to be acquired by Nasdaq, Inc
- for $10.5 billion in cash and common stock
- The Kirkland team included partners and associates from corporate, capital markets, debt finance, tax, and technology and intellectual property transactions practices.
Kirkland & Ellis counseled Adenza, a provider of mission-critical risk management and regulatory software to the financial services industry, a portfolio company of Thoma Bravo, a leading software investment firm and long-time Kirkland client, on its definitive agreement to be acquired by Nasdaq, Inc. (Nasdaq: NDAQ), a technology company serving the global financial system, for $10.5 billion in cash and shares of common stock. Read Nasdaq’s press release The Kirkland team was led by corporate partners Peter Stach, Corey Fox and Brett Nelson and associates Jeremy Mandell and Sophie Daroff; capital markets partners Brad Reed, Michael Keeley and Cot Eversole; debt finance partners Fred Lim and Patrick Loughery; tax partners Kevin Coenen and Adam Kool; and technology and intellectual property transactions partner Aaron Lorber and associate Jessie Perlman.
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