Monday, July 26, 2010

SonicWALL Buyout Completes

San Jose-based SonicWALL said Friday that it has completed its merger with affiliates of an investor group led by Thoma Bravo and the Ontario Teacher's Pension Plan. The deal was worth $11.50 in cash per share, or approximately $717M. The deal was approved Friday by SonicWALL's shareholders. SonicWALL was advised by Centerview Partners in the deal, with legal advice from Fenwick & West. Kirkland & Ellis providing legal counsel to Thoma Bravo. The transaction included debt financing from Credit Suisse.