Thoma Bravo’s Acquisition of Apttus

Goldman Sachs & Co. LLC served as the lead financial advisor and Cooley LLP served as legal advisor for Apttus. Kirkland and Ellis LLP served as legal advisor to Thoma Bravo and Deutsche Bank Credit Solutions & Direct Lending is providing financing for the transaction. Financial details of the transaction were not disclosed.

Thoma Bravo, a leading private equity investment firm, has signed a definitive agreement to acquire a majority interest in Apttus, the global Middle Office leader. The transaction is expected to close in early October, subject to usual and customary closing conditions and regulatory approvals.

Apttus’ solutions automate, optimize and apply artificial intelligence to the most important set of business processes for any enterprise – generating revenue and managing key commercial relationships. Apttus provides market-leading Quote-to-Cash, Contract Lifecycle Management and other Middle Office solutions. Its customers include hundreds of the Global 2000 and is expanding rapidly as enterprises of all sizes are recognizing the importance of Middle Office solutions to their growth and success.

Thoma Bravo is a longtime investor in the software sector and differentiates itself within the private equity community by building long-term partnerships with management and creating value by applying operational excellence learned from its unparalleled experience in software investing. Concurrent with the closing of the transaction, David Murphy, the former President and COO of Blue Coat Systems and a current Thoma Bravo Operating Partner, will join Apttus’ Office of the CEO as Executive Chairman.

Kirkland advised Thoma Bravo with a team including Gerald Nowak, Theodore Peto (Picture), Brad Reed, John Berger, Peter Stach, Caitlin Powell Gimpel and Andrew Struckmeyer.

Cooley advised Apttus with a team including David Segre, Steve Tonsfeldt, David Silverman, Eric Schwartzman, Jennifer Basch, Marleina Paz, Lauren Wiefels, Samantha Ku, Shauna Bracher, Barbara Mirza, Wendy Brenner, Todd Gluth, Chris Mayer-Dempsey, TJ Graham, Caitlin Courtney, Jacqueline Grise and  Julia Renehan.

 

Involved fees earner: David Segre – Cooley LLP; Steve Tonsfeldt – Cooley LLP; David Silverman – Cooley LLP; Eric Schwartzman – Cooley LLP; Jennifer Basch – Cooley LLP; Marleina Paz – Cooley LLP; Lauren Wiefels – Cooley LLP; Samantha Ku – Cooley LLP; Shauna Bracher – Cooley LLP; Barbara Mirza – Cooley LLP; Wendy Brenner – Cooley LLP; Todd Gluth – Cooley LLP; Chris Mayer-Dempsey – Cooley LLP; TJ Graham – Cooley LLP; Caitlin Courtney – Cooley LLP; Jacqueline Grise – Cooley LLP; Julia Renehan – Cooley LLP; Theodore Peto – Kirkland & Ellis; Peter Stach – Kirkland & Ellis; Caitlin Powell Gimpel – Kirkland & Ellis; Gerald Nowak – Kirkland & Ellis; Bradley Reed – Kirkland & Ellis; John Berger – Kirkland & Ellis; Andrew Struckmeyer – Kirkland & Ellis;

Law Firms: Cooley LLP; Kirkland & Ellis;

Clients: Thoma Bravo; Apttus Corporation;