Kirkland Advises Francisco Partners on Acquisition of Litmos from SAP
Kirkland & Ellis advised Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, in connection with a definitive agreement with SAP America Inc., a wholly owned subsidiary of SAP SE, under which Francisco Partners will acquire SAP Litmos (Litmos) from SAP SE. Litmos is an established leader in the learning management system market. The transaction is expected to close in the fourth quarter of 2022 and is subject to customary regulatory clearances. Financial terms of the transaction were not disclosed.
The Kirkland team was led by corporate partners Michele Cumpston and Sean Kramer and associates Anum Chaudhry and Jessica Jaw; tax partner Devin Heckman; debt finance partners Brian Ford and Andrea Weintraub; technology & IP transactions partners Vladimir Khodosh, Amber Harezlak and Todd Herst; employee benefits associate Chris Chase; executive compensation partner Rohit Nafday; and employment & labor partner Sydney Jones.
