TPG Capital’s Acquisition of a Majority Stake in Centrify


Davis Polk advised TPG Capital on the deal.

TPG Capital completed its acquisition of a majority stake in Centrify Corporation from Thoma Bravo and the related acquisition financing. Financial terms of the transaction were not disclosed.

TPG Capital is the private equity platform of global alternative asset firm TPG, a leading global alternative asset firm founded in 1992 with approximately $85 billion of assets under management. Centrify is a leading provider of modern privileged access management (PAM) solutions. Thoma Bravo is a leading private equity investment firm focused on the software and technology-enabled services sectors.

The Davis Polk corporate team included partners Oliver Smith (Picture) and Darren M. Schweiger and associate Erica Che. The finance team included partner Sartaj Gill and associate Michael Fan. The tax team included partner David H. Schnabel. Partner Pritesh P. Shah is providing intellectual property advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen provided employment and benefits advice. Partner Howard Shelanski provided antitrust and competition advice.

Involved fees earner: Erica Che – Davis Polk & Wardwell; Jeffrey Crandall – Davis Polk & Wardwell; Michael Fan – Davis Polk & Wardwell; Sartaj Gill – Davis Polk & Wardwell; David Mollo-Christensen – Davis Polk & Wardwell; David Schnabel – Davis Polk & Wardwell; Darren Schweiger – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Howard Shelanski – Davis Polk & Wardwell; Oliver Smith – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: TPG Capital;

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Author: Ambrogio Visconti