Kinstellar has advised Vista Equity Partners on Czech law-related aspects of the USD 16.5 billion acquisition of Citrix Systems. Kirkland & Ellis advised Vista Equity Partners and its portfolio company Tibco Software. Gibson, Dunn & Crutcher and Debevoise & Plimpton advised the other investor, Evergreen Coast Capital. Goodwin Procter advised Citrix Systems.
The transaction remains contingent on regulatory approval.
"In connection with the transaction, Vista and Evergreen intend to combine Citrix and Tibco Software, one of Vista’s portfolio companies," Citrix announced. "The combination brings together Citrix’s secure digital workspace and application delivery suite with Tibco’s real-time intelligent data and analytics capabilities to empower customers and users with the secure application and information access and insights they need to accelerate digital transformation and navigate the hybrid workplace."
Founded in 1989, Citrix provides unified digital workspace technology.
Vista is a US-headquartered global investment firm focused on enterprise software, data, and technology-enabled businesses with more than USD 86 billion in assets under management.
"Over the past three decades, Citrix has established itself as the clear leader in secure hybrid work," Citrix Board of Directors Chair Bob Calderoni commented. "Our market-leading platform provides secure and reliable access to all of the applications and information employees need to get work done, wherever it needs to get done. By combining with Tibco, we will expand this platform and the outcomes our customers achieve."
The Kinstellar team was led by Partner Jan Juroska and included Managing Associate Adam Nemec and Senior Associate Martina Mazurkova.
The Kirkland & Ellis team included Partners David Klein, Chelsea Darnell, Daniel Wolf, Stuart Casillas, Simon Root, Eva Mak, Sonali Jindal, Austin Glassman, Josh Korff, Tim Cruickshank, Jennifer Lee, David Kung, Heidi Yuen, and Rohit Nafday and Associates Zahraa Hadi, Timothy Hughes, Christian Rivas, Christie Mok, Ashley McLaughlin, and Anthony Ji.
The Debevoise & Plimpton team was led by Partners Ryan Rafferty and Jeffrey Ross and included Associates Alena Thomas and Julia Chen and Law Clerks Adam Silverwood and Kristen Scully.