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NEWS

Francisco Partners and TPG Capital Acquire Boomi from Dell Technologies for $4 Billion

May 03, 2021

San FranciscoPaul Hastings LLP, a leading global law firm, announced that it advised Francisco Partners and TPG Capital in the acquisition of Boomi, a provider of cloud-based integration platform as a service (iPaaS) from Dell Technologies. The cash transaction is valued at $4 billion and is expected to close by the end of 2021 subject to customary closing conditions. The transaction was announced on May 2, via the announcement here

Francisco Partners is a global investment firm with more than $25 billion in assets under management that specializes in partnering with technology and technology-enabled businesses. TPG is a global alternative asset firm with more than $91 billion of assets under management.

The Paul Hastings team was led by partner Mike Kennedy, and included partners Jeff Wolf, Suzanne Horne, and Camille Paulhac; of counsel Mike Wise, senior associate Randall Johnston, and associate Chris Cruickshank.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

Practice Areas

Corporate

Mergers and Acquisitions

Private Equity

Antitrust and Competition

Technology

Technology, Media and Telecommunications


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