Finsbury handles private equity firm Thoma Bravo’s $10.2B deal to acquire RealPage Inc. a real estate software/data analytics company, in one of the biggest leveraged buyouts of the year.
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The private equity firm is offering $88.75 for each of NASDAQ-listed RealPage shares, which is a 30.8 percent premium over its Dec. 18 closing stock price.
Orlando Bravo, founder/managing partner of Thoma Bravo, said RealPage’s platform is critical to the real estate ecosystem. “Our firm has a track record of acquiring cutting edge software providers to specialized industries and driving their innovation and gowth while remaining true to their core business and customers,” he said in a statement.
RealPage CEO Steve Winn will continue to operate the company from its headquarters in Richardson, TX when the deal closes during the second quarter of 2021.
Finsbury’s Andrew Johnson represents Thoma Bravo, which has offices in Chicago and San Francisco.
WPP owns Finsbury, which will merge with Glover Park Group and Hering Schuppener early next year.
FGS Global represents Copart as the online vehicle auction company acquires auto marketplace and data services business ACV, a Joele Frank client, in a deal valued at $1.9B.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
