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Latham & Watkins Advises on Financing to Support Thoma Bravo’s US$6.9 Billion Completed Acquisition of SailPoint

August 25, 2022
Firm represents the direct lenders in the transaction.

SailPoint Technologies Holdings, Inc., a leader in enterprise identity security, announced on August 16, 2022 the completion of its acquisition by Thoma Bravo, a leading software investment firm, in an all-cash transaction valued at approximately US$6.9 billion. The agreement to be acquired was previously announced on April 11, 2022 and approved by SailPoint stockholders at the Special Meeting of Stockholders held on June 30, 2022. SailPoint’s common stock has ceased trading and will be delisted from the New York Stock Exchange.

Latham & Watkins LLP represented the direct lenders, Golub Capital, Blackstone Credit, and Owl Rock Capital, in the financing with a banking team led by partners Alf Xue, Chris Plaut, David Teh, and Josh Holt, with associates Lillian Xiao, Katherine Page, Juan Carlos Olivares, Kevin Castillo, Yekaterina Fomitcheva, and Sharon Yin.