The Private Equity, Technology M&A and Public M&A teams advised Thoma Bravo, a leading software investment firm, in its definitive agreement to acquire 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. Upon completion of the transaction, Ping Identity will become a privately held company.
Thoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 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 additional details on the agreement, please read the press release.