TPG Capital acquisition of a majority stake in Centrify
Davis Polk is advising TPG Capital on its acquisition of a majority stake in Centrify Corporation from Thoma Bravo and the related acquisition financing. Financial terms of the transaction were not disclosed.
TPG Capital is the private equity platform of global alternative asset firm TPG, a leading global alternative asset firm founded in 1992 with approximately $85 billion of assets under management. Centrify is a leading provider of modern privileged access management (PAM) solutions. Thoma Bravo is a leading private equity investment firm focused on the software and technology-enabled services sectors.
The Davis Polk corporate team includes partners Oliver Smith and Darren M. Schweiger and associate Erica Che. The finance team includes partner Sartaj Gill and associate Michael Fan. The tax team includes partner David H. Schnabel. Partner Pritesh P. Shah is providing intellectual property advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen are providing employment and benefits advice. Partner Howard Shelanski is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Washington DC offices.