Wilson Team Gets Call on $4.3B Sale of Informatica
Private equity, pension funds ink deal to take cloud-computing company private.
April 07, 2015 at 01:56 PM
3 minute read
SAN FRANCISCO — Wilson Sonsini Goodrich & Rosati represented Redwood City-based Informatica Corp. in a $5.3 billion going-private sale. Informatica, which provides data-analysis software to businesses, will be purchased by the private-equity firm Permira Advisers and the Canada Pension Plan Investment Board. Informatica shareholders will receive $48.75 per share in the deal.
Palo Alto-based chairman Larry Sonsini and San Francisco-based partner Michael Ringler led the team for Wilson Sonsini.
Ringler said that Informatica had been looking into a going-private deal since last year, after a successful and similar transaction by Tibco Software Inc. In late September 2014, Tibco Software sold itself for $4 billion to Vista Equity Partners.
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