Thoma Bravo acquires for $6.6B


E-commerce shipping solutions company has entered into a definitive agreement to be acquired by Thoma Bravo, for approximately $6.6 billion.

The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions. will continue to be headquartered in El Segundo, California.

J.P. Morgan Securities is acting as exclusive financial advisor to and Proskauer Rose is acting as its legal counsel. Debt financing for the transaction is being provided by Blackstone Credit, credit funds managed by Ares Management, PSP Investments, and Thoma Bravo Credit. Kirkland & Ellis is serving as legal advisor for Thoma Bravo.

[Image courtesy: Thomas Bravo]