The holders of more than 77.50% of Qlik shares voted to approve the company’s acquisition by private equity investment firm Thoma Bravo.

Ares Capital served as the administrative and collateral agent, joint lead arranger and joint bookrunner for a $1.075 billion unitranche credit facility in support of the acquisition. Ares Capital Management is leading the syndication. Additional joint lead arrangers include Golub Capital, TPG Specialty Lending and Varagon Capital Partners.

The transaction is expected to close on August 22, 2016. Upon closing, Qlik shareholders will be entitled to receive $30.50 in cash for each share of Qlik common stock they hold.

Lars Björk, chief executive officer of Qlik, said, “We believe our partnership with Thoma Bravo represents a tremendous opportunity to further expand upon our platform-based approach to business intelligence (BI) and analytics and will also provide significant benefits to our customers and employees. We are excited to close the transaction and work with Thoma Bravo on our next chapter of innovation and growth.”

Morgan Stanley served as exclusive financial advisor to Qlik. Skadden, Arps, Slate, Meagher & Flom and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian served as its legal advisors. Goldman Sachs served as exclusive financial advisor to Thoma Bravo, and Kirkland & Ellis served as its legal advisor.