Thoma Bravo’s $2.4 Billion Acquisition of Talend

Wilson Sonsini Goodrich & Rosati, P.C. and Gide Loyrette Nouel A.A.R.P.I. advised Talend, while Kirkland & Ellis, LLP and Jeantet advised Thoma Bravo on the deal.

Talend (NASDAQ: TLND), a leader in data integration and data integrity, entered into a memorandum of understanding with Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, under which Thoma Bravo intends to commence a tender offer to acquire all of the outstanding ordinary shares and American Depositary Shares (“ADSs”) of Talend, for $66.00 per ordinary share and ADS (each ADS representing one ordinary share) in cash. The offer, which values Talend at approximately $2.4 billion, represents a premium of approximately 29% to Talend’s closing price on March 9 and an 81% premium to the volume weighted average price over the last twelve months. The Talend Board of Directors unanimously approved the memorandum of understanding.

Subject to and upon completion of the transaction, Talend would become a private company and continue investing in its cloud transition as well as products and solutions that serve the evolving data needs of its customers.

Qatalyst Partners served as financial advisor to Talend.

Talend, a leader in data integration and data integrity, is changing the way the world makes decisions. Talend Data Fabric is the only platform that brings together all the data integration and governance capabilities to simplify every aspect of working with data. Talend delivers complete, clean, and uncompromised data in real-time to all. This unified approach to data has made it possible to create the Talend Trust ScoreTM, an industry-first innovation that instantly assesses the reliability of any dataset to bring clarity and confidence to every decision.

The Kirkland team advising Thoma Bravo was led by corporate partners Corey Fox (Picture), Bradley Reed, Peter Stach and Vincent Ponsonnaille and associates Brett Nelson, Louis Gosset, Edwin Cruz, George Boden, Sophie Frishberg and Anna Metzger.

The Jeantet team included Cyril Deniaud, Benjamin Cohu, Stephen Walters, Victoria Regis, Nicolas Mancret, Eva Kopelman, Frédéric  Sardain, Sophie Boinnot.

Involved fees earner: Sophie Boinnot – Jeantet ; Benjamin Cohu – Jeantet ; Cyril Deniaud – Jeantet ; Eva Kopelman – Jeantet ; Nicolas Mancret – Jeantet ; Victoria Regis – Jeantet ; Frédéric Sardain – Jeantet ; Stephen Walters – Jeantet ; George Caesar Boden – Kirkland & Ellis; Edwin Cruz – Kirkland & Ellis; Corey Fox – Kirkland & Ellis; Sophie Frishberg – Kirkland & Ellis; Louis Gosset – Kirkland & Ellis; Anna Metzger – Kirkland & Ellis; Brett Nelson – Kirkland & Ellis; Vincent Ponsonnaille – Kirkland & Ellis; Bradley Reed – Kirkland & Ellis; Peter Stach – Kirkland & Ellis; Aren Balabanian – Wilson Sonsini Goodrich & Rosati; Mark Baudler – Wilson Sonsini Goodrich & Rosati; Steven Bernard – Wilson Sonsini Goodrich & Rosati; Jason Chan – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Robin Crauthers – Wilson Sonsini Goodrich & Rosati; Jamillia Ferris – Wilson Sonsini Goodrich & Rosati; Brandon Gantus – Wilson Sonsini Goodrich & Rosati; Todd Hahn – Wilson Sonsini Goodrich & Rosati; Robert Ishii – Wilson Sonsini Goodrich & Rosati; Megan Kayo – Wilson Sonsini Goodrich & Rosati; Erin Malone-Shkurkin – Wilson Sonsini Goodrich & Rosati; John McGaraghan – Wilson Sonsini Goodrich & Rosati; Michael Occhiolini – Wilson Sonsini Goodrich & Rosati; Barclay Oudersluys – Wilson Sonsini Goodrich & Rosati; Ruben Rabassa – Wilson Sonsini Goodrich & Rosati; Michael Rosati – Wilson Sonsini Goodrich & Rosati; Patrick Sandor – Wilson Sonsini Goodrich & Rosati; Tracy S. Sevush – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati; Scott Sher – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Jason Storck – Wilson Sonsini Goodrich & Rosati; David Strong – Wilson Sonsini Goodrich & Rosati;

Law Firms: Jeantet ; Kirkland & Ellis; Wilson Sonsini Goodrich & Rosati;

Clients: Talend SA; Thoma Bravo;

Author: Martina Bellini