Willkie advised Kaseya on the transaction.
On April 11, Willkie client Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses, announced that it entered into a definitive agreement to acquire Datto, a leading global provider of security and cloud-based software solutions purpose-built for MSPs.
Under the terms of the agreement, Datto stockholders will receive $35.50 per share in a transaction that values Datto at approximately $6.2 billion. The all-cash 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.
Willkie previously advised Insight Partners in its acquisition of Kaseya in 2013.
Kaseya provides IT management and security software that enables organizations to efficiently manage, secure and backup IT. Kaseya is headquartered in Miami, Florida, and has a presence in over 20 countries.
Datto’s security and software solutions drive cyber resilience, efficiency and growth for MSPs. Headquartered in Norwalk, Connecticut, Datto has global offices in Australia, Canada, China, Denmark, Germany, Israel, the Netherlands, Singapore and the United Kingdom.
The Willkie team was led by partners Morgan Elwyn, Matthew Guercio, Claire James and Rose Ohanesian, counsel Jacob Kleinman, and associates Timothy Sullivan and Nidhi Modani.