Press Release January 31, 2022

Citrix to be Acquired by Affiliates of Vista Equity Partners and Evergreen Coast Capital for $16.5 Billion

The M&A team advised Citrix Systems (NASDAQ: CTXS) in its definitive agreement under which affiliates of Vista Equity Partners, and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., will acquire Citrix in an all-cash transaction valued at $16.5 billion, including the assumption of Citrix debt.

Under the terms of the agreement, Citrix shareholders will receive $104.00 in cash per share. The per share purchase price represents a premium of 30 percent over the Company’s unaffected 5-day VWAP as of December 7, 2021, the last trading day before market speculation regarding a potential transaction, and a premium of 24 percent over the closing price on December 20, 2021, the last trading day prior to media reports regarding a potential bid from Vista and Evergreen.

The transaction, which has been unanimously approved by the members of the Citrix Board of Directors voting on the matter, is expected to close mid-year, subject to customary closing conditions, including approval by Citrix shareholders and receipt of regulatory approvals. The transaction is not subject to a financing condition. Upon completion of the transaction, Citrix’s shares will no longer trade on the Nasdaq, and Citrix will become a private company. Citrix will continue to operate under the Citrix name and brand, and will remain headquartered in Fort Lauderdale, FL.

Citrix builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done.

The Goodwin deal team was led by Stuart Cable, Lisa Haddad, Jacqueline Mercier, Kristopher RingJoshua Zachariah, Chris Versfelt and Tevia Pollard and included Andrew Lacy, Arman Oruc, Kirby Lewis, Deborah Birnbach, Stephen Charkoudian, Jason Yeoun, Lynda Galligan, Grace Wirth, Robert Hale, Thomas McCarthy, Brian Mukherjee, Janet Andolina, Garrett Gaughan, Kyle Pine, Nathan BrodeurSimone Waterbury, Katherine Kissinger, Brady Cummins, Andre Amorim, Regina Couto, Jacob Osborn, Justin Pierce, James Barri, Jason Goldfarb, Evan Bott, Adanna Uwazurike and Nicolo Nourafchan.

For additional details on the take private transaction, please read the press release.