Ropes & Gray advised GI Partners in its agreement to acquire GTY Technology Holdings Inc. Under the terms of the agreement, GTY shareholders will receive $6.30 in cash for each share of GTY common stock. The transaction was announced on April 29 in a press release.
GTY Technology offers a cloud-based suite of products and services for state and local governments, education institutions and healthcare organizations. GI Partners is a private investment firm which has raised over $32 billion in capital from leading institutional investors around the world to invest in private equity, real estate and data infrastructure strategies.
The Ropes & Gray team was led by private equity partners Howard Glazer and Neill Jakobe, and included mergers & acquisitions partners Suni Sreepada and Chris Comeau, benefits partner Jennifer Cormier, strategic transactions counsel Emily Karlberg, litigation & enforcement partners Jonathan Klarfeld and Daniel McCaughey, data, privacy & cybersecurity counsel Kevin Angle, tax partner Benjamin Rogers, labor & employment counsel Stephanie Bruce and private equity associate Walton Dumas.
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