The transaction will be financed through an expanded debt arrangement with RealPage’s current bank syndicate. It remains subject to certain customary closing conditions, including receipt of audited “carve-out” financial statements and HSR clearance, and is expected to close during the second quarter of 2017. The $300 million cash purchase price is subject to working capital adjustments and certain post-closing indemnification claims.
Morgan Stanley served as RealPage’s financial advisor and Wells Fargo Securities advised The Rainmaker Group Ventures.
Baker Botts Lawyers/Office Involved: (all in Dallas unless otherwise noted)
Don McDermett, Courtney York, Grant Everett, Michelle Matthews, Ian Lurie, Kathryn Betts and Sarah Jones (Corporate); Luke Pedersen and Andrew Wilson (IP-D.C.); Eric Winwood and Marian Fielding (Benefits); Steve Marcus, Matt Larsen and Aaron Pinegar (Tax); Jeremy Gott (Real Estate); Luke Weedon and Josh Espinosa (Finance); Paul Cuomo, Nathan Chubb and Michael Bodosky (Antitrust-D.C.).
# # #About Baker Botts LLP
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 176-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.