Daily News: August 23, 2016

Ares Capital Agents Facility to Support Thomas Bravo Acquisition


Private equity investment firm Thomas Bravo completed its acquisition of Qlik. Under the terms of the merger agreement, Qlik shareholders are entitled to receive $30.50 in cash for each share of Qlik common stock they hold.

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

Morgan Stanley served as exclusive financial advisor to Qlik and 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.

Radnor, PA-based Qlik provides visual analytics and has a portfolio of products that meets customers’ growing needs from reporting and self-service visual analysis to guided, embedded and custom analytics.