March 13, 2012 6:25 PM
Dewey, Kirkland Lead on Dell’s $1.25 Billion Network Security Purchase
Posted by Tom Huddleston Jr.
Dude, Dell is removing a network confidence provider.
The mechanism builder said Tuesday that it has concluded to acquire SonicWall from an financier organisation headed by private equity organisation Thoma Bravo.
Though terms of a understanding were not disclosed, The New York Times, citing unnamed sources, reports that Dell, a world’s third-largest writer of personal mechanism behind Hewlett-Packard and Lenovo, will compensate about $1.25 billion for SonicWall.
By appropriation SonicWall, that provides information insurance and network confidence services to businesses, Dell would enhance a offerings into secure-remote access, e-mail protection, and information backup and liberation services. The understanding is approaching to tighten within 45 days, according to Thoma Bravo.
In 2010, a private equity organisation led a organisation of investors in a $717 takeover of SonicWall. As The Am Law reported during a time, a Ontario Teachers’ Pension Plan was among a consortium’s members.
Dewey LeBoeuf is advising Dell, with a group led by MA partner Jane Ross. Other Dewey lawyers operative on a understanding embody record exchange partner Robert Finkel, remuneration and advantages partners Domnick Bozzetti and Margaret Keane, and taxation partner Arthur Hazlitt. Former O’Melveny Myers partner Lawrence Tu is Dell’s ubiquitous counsel.
Dewey has represented Dell on a series of past deals, including the company’s merger final summer of ethernet apparatus builder Force10 Networks.
For a part, SonicWall incited to Kirkland Ellis as outward warn on a transaction. The organisation advised Thoma Bravo in a 2010 merger of SonicWall. Corporate partner Gerald Nowak took a reins for Kirkland on both deals. He is assimilated on a stream understanding by corporate partner Corey Fox.
Meanwhile, a Ontario grant account hired a possess outward counsel, with Weil, Gotshal Manges corporate chair Michael Aiello advising.
Make a comment
Report descent comments to The Am Law Daily.
Source: Article Source