Sidley represented Ivanti, Inc. (Ivanti), a leading provider of enterprise-grade intelligent IT management and security software solutions, in its definitive agreement with TA Associates, for a strategic growth investment in the company and related transactions. TA Associates will join existing Ivanti investor and private equity sponsor, Clearlake Capital Group, L.P., as institutional shareholders in Ivanti.
The funding will provide additional capital that will enable Ivanti to increase its investment in innovation, accelerate its global growth, and continue its acquisition strategy. The company will continue to be led by CEO Jim Schaper and the current management team. Terms of the transaction were not disclosed.
Ivanti provides solutions that automate IT and security operations, enabling customers to discover, manage, secure, and service their IT infrastructure from cloud environments to edge devices. Ivanti's software is utilized by over 24,000 customers across various industries and five continents, and its solutions allow administrators to discover IT assets on-premises, in the cloud, and at the edge; improve IT service delivery; and reduce risk with insights and automation.
The transaction is expected to close in the second half of 2020, pending customary regulatory approvals and closing conditions.
The Sidley team was led by Mehdi Khodadad, Nicolai Schwarz-Gondek and Payom Pirahesh, along with Jim Warczak, David Azcarraga, and Camila Piedrahita Abello (Private Equity/M&A); Eric Kauffman (Employment); Chris Brause and Lena Qiu (Tax); Jim Lowe, Ken Daly, Jamie Sadler and Jakob Dewispelaere (Antitrust); Matthew Johnson, Stacy Crosnicker, Teresa Napoli and Tom Topping (Compensation & Benefits); and Anna Remis and Elliott Blufer (Technology and IP Transactions).