Vista Equity Partners’ Acquisition of a Majority Stake in LogicMonitor


William Blair served as the exclusive financial advisor to LogicMonitor and Evercore served as the financial advisor to Vista. Weil, Gotshal & Manges LLP served as legal advisor to PSG and LogicMonitor, and Kirkland & Ellis served as legal advisor to Vista.

LogicMonitor, the leading SaaS-based monitoring platform for hybrid IT infrastructures and cloud services, today announced that it has signed a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading private equity firm focused on software, data, and technology-enabled businesses. The investment continues Vista’s focus on acquiring best-in-class software businesses, providing mission-critical solutions to customers. Existing owner Providence Strategic Growth (“PSG”) will retain a minority ownership stake in LogicMonitor moving forward.

Headquartered in Santa Barbara, California, LogicMonitor has a Global Center of Customer Excellence in Austin, and offices in London, Boston, Singapore and Chengdu. LogicMonitor joins Vista with strong momentum and significant market opportunity as business and IT leaders increasingly require speed, flexibility, and actionable insights to succeed in today’s competitive markets.

Gartner predicts more than 20.4 billion devices will come on-line by 2020, greatly increasing the need for a solution that can monitor their performance in real-time, and alert IT teams to potential outages and disruptions. With integrations to key business applications such as ServiceNow and Atlassian, the LogicMonitor platform simplifies workflow and time to resolution. LogicMonitor includes out-of-the-box coverage for thousands of technologies across the IT stack including Cisco, Kubernetes, NetApp, and VMware, offering granular visibility across the IT and application infrastructure anywhere these resources sit– on premises, in the data center, or in the cloud.

The transaction is expected to close in the second quarter of this year. Financial terms have not been disclosed.

The Kirkland team was led by corporate partners David Dixon (Picture), Vlad Kroll and James Beach and associates Andrew Walker, Ari Levi and Michael Santos; and debt finance partners Sonali Jindal and Douglas Tedeschi.

Involved fees earner: David Dixon – Kirkland & Ellis; Vlad Kroll – Kirkland & Ellis; James Beach – Kirkland & Ellis; Andrew Walker – Kirkland & Ellis; Ari Levi – Kirkland & Ellis; Michael Santos – Kirkland & Ellis; Sonali Jindal – Kirkland & Ellis; Douglas Tedeschi – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Vista Equity Partners;

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Author: Ambrogio Visconti