Thoma Bravo Completes Acquisition of Qlik
22 Août 2016 - 3:18PM
Business Wire
Qlik (NASDAQ:QLIK) (the “Company”), a leader in visual analytics
delivering intuitive solutions for self-service data visualization
and guided analytics, today announced the completion of its
acquisition by leading private equity investment firm Thoma Bravo,
LLC. Under the terms of the merger agreement, Qlik shareholders are
entitled to receive $30.50 in cash for each share of Qlik common
stock they hold.
The transaction was announced on June 2, 2016 and received
approval from Qlik shareholders on August 17, 2016. As a result of
the completion of the acquisition, shares of Qlik common stock were
removed from listing on The NASDAQ Stock Market LLC (“NASDAQ”),
with trading in Qlik shares suspended prior to the opening of
business today.
Morgan Stanley & Co. LLC served as exclusive financial
advisor to Qlik and Skadden, Arps, Slate, Meagher & Flom LLP
and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian,
LLP served as its legal advisors. Goldman, Sachs & Co. served
as exclusive financial advisor to Thoma Bravo and Kirkland &
Ellis LLP served as its legal advisor. Ares Capital Corporation is
serving as the administrative and collateral agent, joint lead
arranger and joint bookrunner for the $1.075 billion unitranche
credit facility in support of the acquisition. Ares Capital
Management is leading the syndication. Additional joint lead
arrangers include Golub Capital LLC, TPG Specialty Lending, Inc.
and Varagon Capital Partners, LP.
About Qlik
Qlik (NASDAQ:QLIK) is a leader in visual analytics. Its
portfolio of products meets customers' growing needs from reporting
and self-service visual analysis to guided, embedded and custom
analytics. Approximately 40,000 customers rely on Qlik solutions to
gain meaning out of information from varied sources, exploring the
hidden relationships within data that lead to insights that ignite
good ideas. Headquartered in Radnor, Pennsylvania, Qlik has offices
around the world with more than 1,700 partners covering more than
100 countries.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building
on a 30+ year history of providing equity and strategic support to
experienced management teams and growing companies. The firm seeks
to create value by collaborating with company management to improve
business operations, invest in growth initiatives and make
accretive acquisitions. Thoma Bravo invests with a particular focus
on application and infrastructure software and technology enabled
services. The firm currently manages a series of private equity
funds representing more than $16.0 billion of equity commitments.
More information about Thoma Bravo can be found at
www.thomabravo.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160822005550/en/
For Qlik:InvestorBrett Pollack,
646-561-0906Brett.Pollack@qlik.comorMedia Maria Scurry,
617-658-5317Maria.Scurry@qlik.comorSard Verbinnen & CoAndrew
Cole / John Christiansen212-687-8080 or
415-618-8750qlik-svc@sardverb.comorFor Thoma
Bravo:Media LANEJeff Segvich,
503-546-7870jeff@lanepr.com
Qlik Technologies Inc. (MM) (NASDAQ:QLIK)
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