Ropes & Gray advised Veeam Software in its definitive agreement to be acquired by Insight Partners, a deal valued at approximately $5 billion. The transaction was announced on Jan. 9 in a press release.
Veeam is the leader in backup solutions that deliver Cloud Data Management. Under Insight Partners ownership, Switzerland-based Veeam will become a U.S. company with a U.S.-based leadership team while continuing its global expansion from offices in 30 countries with customers in over 160 countries. The acquisition is expected to close in the first quarter of 2020.
The Ropes & Gray team advising Veeam was led by private equity partner Scott Abramowitz (New York) and mergers & acquisitions associate Sarah Young (New York) and included tax partner Leo Arnaboldi (New York), international risk partner Ama Adams (Washington D.C.), benefits partner Renata Ferrari (Boston), finance partner Michael Lee (Boston), litigation & enforcement partners Ruchit Patel (London) and Jonathan Klarfeld (Washington, D.C.), and labor & employment partner Douglas Brayley (Boston), and private equity associate Jessica Cooney (New York), litigation associate Emerson Siegle (Washington D.C.), benefits associate Kyle Higley (Boston) and mergers & acquisitions associate Kim Ton-That (New York).
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