Private equity firm Thoma Bravo has completed its acquisition of visual analytics software specialist Qlik.
Under the terms of the merger agreement, Qlik shareholders are entitled to receive USD30.50 in cash for each share of Qlik common stock they hold.
The transaction was announced on 2 June 2016 and received approval from Qlik shareholders on 17 August 2016. As a result of the completion of the acquisition, shares of Qlik common stock were removed from listing on The Nasdaq Stock Market, with trading in Qlik shares suspended prior to the opening of business today.
Morgan Stanley served as exclusive financial adviser to Qlik and Skadden, Arps, Slate, Meagher & Flom and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian served as its legal advisers. Goldman Sachs served as exclusive financial adviser to Thoma Bravo and Kirkland & Ellis served as its legal adviser.
Ares Capital Corporation is serving as the administrative and collateral agent, joint lead arranger and joint bookrunner for the USD1.075 billion unitranche credit facility in support of the acquisition. Ares Capital Management is leading the syndication.
Additional joint lead arrangers include Golub Capital, TPG Specialty Lending and Varagon Capital Partners.
