Press Release October 18, 2022

Thoma Bravo Completes Acquisition of Ping Identity

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 JohansonJoshua ZachariahJoe TheisJames Ding, and Dustin Baker, and included William Stanton, Henrik Born, Jordan Klein, Emily Goldenberg, Agnes Delfosse, Lisa Koo, Pooja Patel, Kelsey Lemaster, Cecily Xi, Andy Barton, Emilie Pfister, James Oh, Albert Solecki, Britt Hamilton, Joel Lehrer, Preston Mortemore, Jesse LambertJacob Osborn, Justin PierceAxel UrieGG Guckaya, Paul Jin, Jacqueline Klosek, Joshua Fattal, Kimberly Ginsburg, Nathan Brodeur, Deborah Birnbach, Viktors Dindzans, Boris SegalisKarl Dragosz, Annabel LooseMatthew Wetzel, and Anne Brendel.

For more details on the Ping Identity transaction, read the press release.