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DLA Piper advises PROS Holdings in its acquisition by Thoma Bravo for $1.4 billion

DLA Piper advised PROS Holdings, Inc. (PROS), a leading provider of AI-powered SaaS pricing and selling solutions, in entering into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction for $23.25 per share or approximately $1.4 billion.

The DLA Piper deal team was led by Partners John J. Gilluly III, Jeffrey Scharfstein, and Brent Bernell (all Austin).

The team also included Partners Michelle Lara (San Diego), Paolo Morante (New York), Georgia Jolink (Austin), Ronald Brown (Wilmington), Jeff Aronson (Palo Alto), Brian Hamano (Los Angeles), Jamie Knox (New York), Jennifer Kashatus, and Nicholas Klein (both Washington DC), and Associates Vincent Schiavoni (Phoenix), Destiny Harrison, Jessica Stenglein (both Austin), and Zach Altman (Boston).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, according to Mergermarket, and ranked as number one in VC, PE and M&A in combined global deal volume according to PitchBook.

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Sneha Gupta
Sneha Gupta