Ropes & Gray Represents TPG Capital in its Acquisition of Planview from Thoma Bravo
Ropes & Gray represented TPG Capital in its joint acquisition, with TA Associates, of Planview, a global leader in Portfolio Management and Work Management solutions from Thoma Bravo, which will retain a minority interest in the company. The purchase price of the transaction, which was announced on Nov. 10, was $1.6 billion. The press release is here.
Headquartered in Austin, Texas, Planview has more than 700 employees supporting 3,500 customers and 1 million users worldwide. TPG Capital is the private equity platform of TPG, a global alternative asset firm founded in 1992 with approximately $83 billion of assets under management.
The Ropes & Gray team that represented TPG Capital was led by private equity partners Jay Freedman (San Francisco) and Alexander Zeltser (New York), and included private equity partners Michael Lee and Taylor Hart (both of Boston), tax partner Benjamin Rogers (San Francisco), mergers & acquisitions partner Edward Black (Boston), litigation & enforcement partner Maria Calvet (Washington D.C.), and employment, executive compensation & benefits partner Matthew Jones (Chicago).