Latham Advises on Financing for Thoma Bravo’s Acquisition of Verint for US$2 Billion

Verint® (NASDAQ: VRNT), The CX Automation Company (TM), has announced that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, in an all-cash transaction reflecting an enterprise value of US$2 billion. The transaction, which was unanimously approved by the Verint Board of Directors, is expected to close before the end of Verint’s current fiscal year, subject to customary closing conditions.

Latham & Watkins LLP represented the financing sources in the transaction with a Banking & Private Credit team led by partner Alfred Xue, Global Vice Chair of Latham’s Banking & Private Credit Practice, and partner Michael Waldman, and counsel Preeta Paragash and Katherine Page, with associate Jake Ibrahim and assistance from Chiara Eramo and Stephen Young. Advice was also provided on uniform commercial code matters by associate Carlos Ibarguengoitia; on employee benefits and labor matters by partner Benjamin Rosemergy, with associate Kevin Matheny; on intellectual property matters by partner Jeffrey Tochner, with associate Victoria Allen; on data privacy and cybersecurity matters by partner Clayton Northouse, with associate Zac Alpert; on compliance matters by associates Eric Green, C.J. Rydberg, and Amulya Vadapalli; and on tax matters by partner Bora Bozkurt, with associate Kathryn Harrington.