The Private Equity, Tech M&A and Public M&A teams advised Thoma Bravo on the completion of its acquisition of Ping Identity Holding Corp. (NYSE: PING), provider of the Intelligent Identity solution for the enterprise, for $28.50 per share in an all-cash transaction valued at an enterprise value of approximately $2.8 billion.
With the completion of the transaction, Ping Identity’s stock ceased trading and the company is no longer listed on any public market.
Thoma Bravo is one of the largest private equity firms in the world, with more than $122 billion in assets under management as of June 30, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors.
The Goodwin team was led by David Johanson, Joshua Zachariah, Joe Theis, James Ding, and included William Stanton, Pooja Patel, Kelsey Lemaster, Cecily Xi, Andy Barton, Emilie Pfister, James Oh, Albert Solecki, Joel Lehrer, Jacob Osborn, Justin Pierce, GG Guckaya, Paul Jin, Jacqueline Klosek, Nathan Brodeur, Deborah Birnbach, Viktors Dindzans, Karl Dragosz, Annabel Loose, Matthew Wetzel, and Anne Brendel.
For more details on the Ping Identity transaction, read the press release.