Francisco Partners and TPG’s Acquisition of Boomi

Skadden, Arps, Slate, Meagher & Flom LLP advised Dell Technologies, while Ropes & Gray LLP, Paul Hastings LLP and Kirkland & Ellis advised Francisco Partners and TPG Capital on the deal.

Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG Capital, the private equity platform of global alternative asset firm TPG, entered into a definitive agreement with Dell Technologies to acquire Boomi, a leading provider of cloud-based integration platform as a service. The cash transaction is valued at $4 billion and is expected to close by the end of 2021.

Morgan Stanley & Co. LLC and DBO Partners LLC acted as financial advisors to Dell Technologies. Barclays, Citi and J.P. Morgan Securities LLC acted as financial advisors to Francisco Partners and TPG Capital.

Dell Technologies (NYSE:DELL) helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry’s broadest and most innovative technology and services portfolio for the data era.

Boomi instantly connects everyone to everything with its cloud-native, unified, open and intelligent platform. Boomi’s integration platform as a service (iPaaS) is trusted by more than 15,000 customers globally for its speed, ease-of-use and lower total cost of ownership.

The Skadden team advising Dell Technologies included M&A partners Allison Schneirov (New York; Picture) and Jeremy London (Washington, D.C.), and associates Brett Fleisher (New York) and Rahul Bhasin (New York); Intellectual Property and Technology partner Ken Kumayama (Palo Alto); Labor and Employment Law counsel Annie Villanueva (Palo Alto); Executive Compensation and Benefits counsel Page Griffin (New York); Tax partner Gavin White (New York) and counsel Trevor Allen (New York); and Banking partner Tracey Chenoweth (New York).

The Paul Hastings team was led by partner Mike Kennedy, and included partners Jeff Wolf, Suzanne Horne, and Camille Paulhac; of counsel Mike Wise, senior associate Randall Johnston, and associate Chris Cruickshank.

The Ropes & Gray team that represented Francisco Partners and TPG Capital was led by private equity partners Michael Roh (Boston), Howard Glazer (San Francisco) and Chau Le (San Francsico) and private equity associate Jim Davis (Chicago), and included tax partner Adam Greenwood (New York), data, privacy & cybersecurity partner Edward McNicholas (Washington D.C.), IP transactions partner Violetta Kokolus (New York), and employment, executive compensation & benefits partner Matthew Jones (Chicago).

Involved fees earner: Chris Cruickshank – Paul Hastings LLP; Suzanne Horne – Paul Hastings LLP; Randall Johnston – Paul Hastings LLP; Mike Kennedy – Paul Hastings LLP; Camille Paulhac – Paul Hastings LLP; Michael Wise – Paul Hastings LLP; Jeffrey Wolf – Paul Hastings LLP; James Davis – Ropes & Gray; Howard Glazer – Ropes & Gray; Adam Greenwood – Ropes & Gray; Matthew Jones – Ropes & Gray; Violetta Kokolus – Ropes & Gray; Minh-Chau Le – Ropes & Gray; Edward McNicholas – Ropes & Gray; Michael Roh – Ropes & Gray; Trevor Allen – Skadden Arps Slate Meager & Flom; Rahul Bhasin – Skadden Arps Slate Meager & Flom; Tracey Chenoweth – Skadden Arps Slate Meager & Flom; Brett Fleisher – Skadden Arps Slate Meager & Flom; Page Griffin – Skadden Arps Slate Meager & Flom; Ken Kumayama – Skadden Arps Slate Meager & Flom; Jeremy London – Skadden Arps Slate Meager & Flom; Allison Schneirov – Skadden Arps Slate Meager & Flom; Annie Villanueva – Skadden Arps Slate Meager & Flom; Gavin White – Skadden Arps Slate Meager & Flom;

Law Firms: Paul Hastings LLP; Ropes & Gray; Skadden Arps Slate Meager & Flom;

Clients: Dell Technologies; Francisco Partners; TPG Capital;

Author: Martina Bellini