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Our Work

Latham Represents Credit Funds and Other Alternative Lenders in Financing To Support Vista Equity Partners’ US$16.5 Billion Take-Private Acquisition of Citrix Systems, Inc.

October 4, 2022
Transaction named the “Most Outstanding Debt Financing of the Year” by The Deal Awards 2022.

Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., completed on September 30, 2022 its acquisition of Citrix in an all-cash transaction valued at US$16.5 billion, including the assumption of Citrix debt. The notable take-private transaction was named the “Most Outstanding Debt Financing of the Year” by The Deal Awards 2022.

Latham & Watkins LLP represented the credit funds and other alternative lenders in a financing to support the transaction with a New York team led by capital markets partners Stelios Saffos and Peter Sluka and counsel Michael Saliba, with associates Paul Rafla and Cait O’Neill. Advice was also provided on tax matters by partner Jocelyn Noll.