Credit: Ken Wolter/Shutterstock.com Deal Watch: Citrix Goes Private for $16.5B, but Lethargic Start to Transactions in 2022 Continues
The buy of Citrix by Evergreen and Vista is a big shot for private equity, but the slow start continues for deal work.
January 31, 2022 at 12:37 PM
7 minute read
Citrix Systems, the legacy software company that was at the forefront of virtual desktops and cloud computing and has benefited from a surge in remote work the last two years, was bought by private equity firms Evergreen Coast Capital and Vista Equity Partners on Monday for $16.5 billion.
Goodwin Procter acted as legal counsel for Citrix, while Kirkland & Ellis represented Vista and TIBCO, a Vista portfolio company that will merge with Citrix once the transaction is complete.
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