Latham & Watkins Advises on Financing to Support GTY Technology Holdings Inc.’s Completed Merger with GI Partners
GTY Technology Holdings Inc. (NASDAQ: GTYH), a leading provider of cloud software solutions for the public sector and GI Partners, a leading private investment firm, have announced the completion of GTY’s acquisition by an affiliate of GI Partners (GI) for US$6.30 per share of GTY common stock in cash. The transaction was announced on April 29, 2022 and received approval from shareholders on June 30, 2022. As a result of the transaction, GTY is now a privately-held company and GTY common stock will no longer be listed on any public market.
Latham & Watkins LLP represented the direct lender in a debt financing and equity co-invest to support the transaction with a banking team led by partners Stelios Saffos and Alfred Xue, with associates Jonathan Goldberg, Ed Prevost, and Pío López Vilá, and a corporate team led by partners Stelios Saffos and Zachary Judd, with associate Ben Winnett. Advice was also provided on tax matters by partner Jiyeon Lee-Lim.