Kirkland Represents Datto on $6.2 Billion Sale to Kaseya with Funding Led by Insight Partners
Kirkland & Ellis advised Datto (NYSE:MSP), a leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), on its sale to Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), for approximately $6.2 billion. The transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable investors including Sixth Street. The transaction is subject to customary closing conditions and is expected to close in the second half of 2022.
The Kirkland team was led by corporate partners David Klein, Daniel Wolf and Chelsea Darnell and associate Peter Fritz, and also included executive compensation partner Stephen Jacobson and associate Alison Beskin, capital markets partner Bob Goedert, and debt finance partner Doug Tedeschi.
