Roper Technologies $5.35 billion acquisition of Vertafore
Davis Polk is advising Roper Technologies, Inc. in connection with its $5.35 billion acquisition of Vertafore, a portfolio company of Vista Equity and Bain Capital. The transaction is expected to close in the third quarter of 2020, subject to regulatory approval and customary closing conditions.
Roper Technologies is a constituent of the S&P 500, Fortune 1000 and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. For more than 50 years, Vertafore has built insurance technology to simplify and automate the insurance lifecycle so that its customers can focus on what matters most to them – people. Vertafore’s solutions for agency management, client management, ratings, regulation, compliance and connectivity empower simpler, smarter insurance distribution for every stakeholder. More than 20,000 agencies, 1,000 carriers and 23 state governments rely on Vertafore to streamline their workflows, improve efficiency and drive productivity.
The Davis Polk corporate team includes partners John D. Amorosi and Darren M. Schweiger and associates Elyka A. Anvari, Michael Santos and Cameron Adamson. Counsel Matthew J. Bacal is providing intellectual property advice. The tax team includes partner William A. Curran and associate Elina Khodorkovsky. Partner Adam Kaminsky and associate Charlotte R. Fabiani are providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.