Silver Lake’s $250 million investment in WPEngine, Inc.


Davis Polk advised Silver Lake on the deal

WP Engine, the world’s leading WordPress Digital Experience Platform, announced today a $250 million investment from Silver Lake, the global leader in technology investing, and the company’s achievement of more than $100 million in annual recurring revenue with over 75,000 customers globally, up 30 percent year-over-year. Silver Lake’s investment in the company will help accelerate innovation on WP Engine’s Digital Experience Platform and fuel future growth internationally. As part of the transaction, Greg Mondre, Managing Partner of Silver Lake, and Lee Wittlinger and Mark Gillett, Managing Directors of Silver Lake, will join WP Engine’s Board of Directors.

Silver Lake is the global leader in technology investing, with about $39 billion in combined assets under management and committed capital and a team of approximately 100 investment and value creation professionals located in Silicon Valley, New York, London, Hong Kong and Tokyo. Silver Lake’s portfolio of investments collectively generates more than $140 billion of revenue annually and employs more than 300,000 people globally. The firm’s current portfolio includes leading technology and technology-enabled businesses such as Alibaba Group, Ancestry, Broadcom Limited, Cast & Crew, Ctrip, Dell Technologies, Endeavor, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red Ventures, Sabre, SoFi, SolarWinds and Symantec.

WP Engine is the world’s leading WordPress Digital Experience Platform that gives companies of all sizes the agility, performance, intelligence, and integrations they need to drive their business forward faster. WP Engine’s combination of tech innovation and an award-winning team of WordPress experts are trusted by over 75,000 companies across 130 countries to provide counsel and support, helping brands create world-class digital experiences. Founded in 2010, WP Engine is headquartered in Austin, Texas, and has offices in San Francisco, California; San Antonio, Texas; London, England; Limerick, Ireland, and Brisbane, Australia.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associates Reid B. Fitzgerald, Michael Gilson and Michael Senders. Partner Rachel D. Kleinberg provided tax advice. Partner Jeffrey P. Crandall provided executive compensation advice. Partner Pritesh P. Shah provided intellectual property and technology advice. Counsel Jeanine P. McGuinness provided compliance advice. Partner Arthur J. Burke and counsel Mary K. Marks provided antitrust and competition advice.

Involved fees earner: Alan Denenberg – Davis Polk & Wardwell; Reid Fitzgerald – Davis Polk & Wardwell; Michael Gilson – Davis Polk & Wardwell; Michael Senders – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Jeanine McGuinness – Davis Polk & Wardwell; Arthur Burke – Davis Polk & Wardwell; Mary Marks – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Silver Lake;

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Author: Ambrogio Visconti