Nicholas M. Schwartz

Leveraged Buyouts / Private Company Financings

• Represented Clearlake Capital Group, L.P. and its portfolio companies in multiple financings, including:
  • its US$5.4 billion acquisition of Quest Software, a creator and manager of software solutions to create IT resilience for data, infrastructure, and systems;
  • its US$5.2 billion acquisition of Cornerstone OnDemand, Inc., a global leader in talent management software;
  • its US$1.7 billion acquisition by nThrive, a leading healthcare revenue cycle management software-as-a-service platform, of Trans Union Healthcare, the healthcare data and analytics business of TransUnion;
  • its acquisition, along with Motive Partners, of the BETA+ assets from London Stock Exchange Group;
  • its acquisition of Discovery Education, Inc., a global edtech company;
  • the recapitalization of Dodge Construction Network, the largest independent data platform supporting the multi-trillion-dollar U.S. commercial construction industry, in connection with Clearlake’s equity investment to become an equal partner with existing Dodge investor Symphony Technology Group;
  • the acquisition by Symplr, a global leader in enterprise healthcare operations, of Midas Health Analytics Solutions from Conduent Incorporated;
  • the acquisition by Confluence Technologies, a global investment management technology solutions provider, of Compliance Solutions Strategies and Investment Metrics;
  • the acquisition by insuretech company Zywave, Inc. of Strategic Insurance Software; and
  • the formation of Newfold Digital via the US$3 billion take-private of Endurance International Group, a leading provider of cloud-based platform solutions, and simultaneous combination of Endurance Web Presence and Web.com Group, Inc., and recapitalization of Constant Contact, a leading provider of cloud-based digital marketing software for small businesses, in connection with its separation from Endurance International Group.*
• Represented EQT Private Equity and its portfolio company Magnit (f/k/a PRO Unlimited), a leading provider of integrated contingent workforce management solutions, in the financing for its acquisition of Geometric Results, Inc., a managed services provider focused on workforce management.
• Represented Siris Capital Group and its portfolio company TPx Communications, a leading nationwide managed services provider delivering cybersecurity, managed networks and cloud communications, in the refinancing of approximately US$600 million in term loans and revolving loans under TPx’s existing credit agreement into new superpriority secured credit facilities and concurrent equity investment led by Siris. 
• Represented Stonepeak Partners LP and its portfolio companies in multiple transactions, including:
  • its debt and equity financing to Akumin, a leading provider of free-standing, fixed-site outpatient diagnostic imaging services, in connection with Akumin’s acquisition of Alliance Healthcare Services;
  • its agreement to acquire a 50 percent interest in the Key Access Pipeline System (“KAPS”), a Canadian natural gas liquids (“NGL”) and condensate pipeline system; and
  • an incremental term loan facility for its portfolio company, Oryx Midstream Holdings, to finance a distribution to equity holders.
• Represented ChrysCapital in multiple financings, including:
  • its acquisition of ResultsCX, a premier customer experience partner to Fortune-100 and Fortune-500 companies worldwide; and
  • its acquisition of Xoriant, a premier software engineering and digital IT services provider.
• Represented ServiceTitan, a leading software provider for the trades, in the financing for its acquisition of FieldRoutes, a leading cloud-based and mobile SaaS provider in the pest control and lawn care industry, as well as its subsequent recapitalization.

Public Company Financings

• Represented Restaurant Brands International Inc., a multinational fast-food holding company comprised of Burger King, Popeyes Louisiana Kitchen, and Tim Hortons, and its predecessors, in the refinancing and upsize of its revolving credit facility and certain term loan facilities to finance its US$1 billion acquisition of Firehouse Subs.
• Represented Restaurant Brands International Inc. in multiple acquisition and refinancing transactions, including the acquisition by Burger King Worldwide of Tim Hortons, Inc. and the subsequent acquisition of Popeyes.*
• Represented nCino, Inc., a worldwide leader in cloud banking technology, in the establishment of its revolving credit facility.
• Represented Duck Creek Technologies, Inc., a developer of industry-specific software that helps insurance carriers to deploy and manage their products and services, in the refinancing of its revolving credit facility.
• Represented Prestige Consumer Healthcare, Inc., the largest independent provider of over-the-counter products in North America, in the financing for its acquisition of the Akorn Consumer Health business.
• Represented Prestige Consumer Healthcare, Inc. in the financing for multiple acquisitions, including Insight Pharmaceuticals Corporation, C.B. Fleet Co. Inc. and certain over-the-counter brands of GlaxoSmithKline.*
• Represented Utz Quality Foods, a leading snack food company, in its incremental term loan financing.
• Represented Utz Quality Foods in the financing for its acquisitions of Inventure Foods and Truco Enterprises, as well as the financing aspects of its de-SPAC transaction with Collier Creek Holdings.*
• Represented iHeartMedia, Inc., America’s #1 audio company, in the refinancing of US$400 million of its over US$2 billion term loan facilities.
• Represented iHeartMedia, Inc. in its Chapter 11 cases, including its DIP credit agreement and exit financing facilities, as well as both iHeartMedia and its subsidiary Clear Channel Outdoor, in their pre-petition financing activities, including multiple amend and extend, debt exchange and refinancing transactions.*

*Some of the above matters were handled prior to joining Sidley.

• American Bar Association
• New York State Bar Association
• New York City Bar Association