DLA Piper advised SolarWinds Corporation (SolarWinds), a leading provider of simple, powerful, secure observability and IT management software, in entering into a definitive agreement to be acquired by funds managed by Turn/River in an all-cash transaction for $18.50 per share or approximately $4.4 billion.
“It was a pleasure to advise SolarWinds on this acquisition by Turn/River and display the full suite of our team’s capabilities to bring this deal together,” said John J. Gilluly III, the DLA Piper partner who led the deal team.
In addition to Gilluly (Austin), Brent Bernell and Jeffrey Scharfstein (both Austin) also led the deal team.
The DLA Piper team also included partners Jeff Aronson (Palo Alto), Brian Hamano (Los Angeles), Michelle Lara (San Diego), Georgia Jolink (Austin), Paolo Morante and Heather Borthwick (both New York), Ronald Brown (Wilmington), and Nicholas Klein (Washington DC), and associates Carina Meleca (New York), Destiny Harrison, Jessica Stenglein, Frances Asbury (all Austin), and Vincent Schiavoni (Phoenix).
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 a top five most active VC legal advisor in the US and number one in VC, PE and M&A in combined global deal volume according to PitchBook.
