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.
Catalyst IR handles Mobix Labs as it signs a “non-binding letter of intent” to acquire Special Project Delivery LLC, a privately-owned platform with positions in US rare earth properties.
The Blueshirt Group handles Lime as the San Francisco-based electric bike/scooter company has filed paperwork for an initial public offering, which will have an expected valuation in the $2B range.
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ICR handles Rare Earths Americas as the Manchester, Georgia-based company plans an initial public offering valued in the $370M range.
