Goodwin and Kirkland help steer investment firms’ $16.5 billion buy of Citrix

  • Goodwin Procter represents Citrix
  • Kirkland advises Vista Equity Partners, whose subsidiary acquires a software publisher
  • Gibson Dunn, Debevoise guide Affiliated with Elliott Investment Management, another buyer

(Reuters) – Four major U.S. law firms are working on a deal for software maker Citrix Systems Inc to be acquired by affiliates of Elliott Investment Management LP and Vista Equity Partners for $16.5 billion including debt .

Goodwin Procter leads Florida-based Citrix, which said Monday it had agreed to the acquisition.

Kirkland & Ellis advises Vista and its holding company Tibco Software In, which will merge with Citrix. Gibson, Dunn & Crutcher and Debevoise & Plimpton advise Evergreen Coast Capital, a subsidiary of Elliott, on mergers and acquisitions and financing matters, respectively.

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Investment firms will be able to further exploit the cloud computing boom caused by the pandemic thanks to their agreement to take Citrix private.

Goodwin said in a statement that the attorneys advising Citrix are the firm’s vice chairman and global chairman of its M&A practice, Stuart Cable; co-chair of the firm’s public M&A and corporate governance practices, Lisa Haddad; Jacqueline Mercier, Business Law Partner; lawyer Chris Versfelt; Kristopher Ring, private equity partner; and technology mergers and acquisitions co-chair Joshua Zachariah.

Kirkland said in a statement that business partners David Klein, Chelsea Darnell, Daniel Wolf, Stuart Casillas and Simon Root advise Vista and Tibco.

Evergreen has tapped Gibson Dunn’s private equity co-chair Richard Birns and business partners Andrew Kaplan and Kristen Poole, the company said in a statement.

The buyer is also working with Debevoise’s finance group president Jeffrey Ross and finance partner Ryan Rafferty, the company said.

(NOTE: An earlier version of this story incorrectly listed Ryan Rafferty as the chairman of Debevoise’s financial group. Jeffrey Ross is the chairman.)

Read more:

Elliott and Vista Equity boost cloud ambitions with $16.5 billion Citrix deal

Elliott and Vista near $13 billion deal to buy Citrix – source

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