Paul Hastings LLP advised Francisco Partners and SmartBear on the deal.
Francisco Partners and SmartBear, a leading provider of software development and quality tools, secured an investment from Vista Equity Partners. Francisco Partners, which acquired SmartBear in 2017, will be equal co-owners of SmartBear with Vista Equity Partners.
SmartBear solutions span the entire software delivery lifecycle and enable organizations to reduce costs and accelerate time to market. The investment from Vista will enable SmartBear to broaden and strengthen its solutions as well as identify opportunities for continued organic and inorganic growth.
Vista Equity Partners, LLC operates as an investment firm. The Firm invests in enterprise software and data and technology-enabled businesses believing in the advancement of technology to create opportunity in the digital economy. Vista Equity Partners serves customers in the United States.
M&A Partner Jeff Wolf led the Paul Hastings team, which also included partners Mike Kennedy, Dan Stellenberg (Picture) and Jim Smulkowski; of counsel Michael Wise; and associates Erica Lee, Lisa Chan, Ryan Enchelmayer, Mary Walser, and Kami LaBerge.
Involved fees earner: Lisa Chaney – Paul Hastings; Ryan Enchelmayer – Paul Hastings; Michael Kennedy – Paul Hastings; Kami LaBerge – Paul Hastings; Erica Lee – Paul Hastings; Ziemowit Smulkowski – Paul Hastings; Dan Stellenberg – Paul Hastings; Mary Walser – Paul Hastings; Michael Wise – Paul Hastings; Jeffrey Wolf – Paul Hastings;
Law Firms: Paul Hastings;