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Clients rely on our Finance Group to help them navigate the business and legal complexities of novel and multi-dimensional debt financing transactions. Our versatile finance practitioners work closely with our mergers and acquisitions, securities, tax, real estate and bankruptcy lawyers to provide seamless advice and innovative solutions that address our clients' debt financing needs related to all types of transactions and capital structures.
Kaseya to Acquire Datto for $6.2 Billion
- Client News
- April 11, 2022
Paul, Weiss is advising Insight Partners and its portfolio company Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), on the financing aspects of Kaseya's $6.2 billion acquisition of Datto, a leading global provider of security and cloud-based software solutions purpose-built for MSPs. The all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable financing sources and investors, including Golub Capital, Blackstone Credit, Ares, Owl Rock, Oak Hill, Carlyle Global Credit and Sixth Street.
Datto stockholders will receive $35.50 per share under the terms of the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions.