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Transactions / N•• R••••

N•• R•••• to be Acquired by F•••••••• P••••••• and TPG for $6.5 B•••ion

Platform acquisitionannouncedannounced Jul 28, 2023Fact

What happened

Values, only where disclosed

Parties and roles

7 named

Buy side

F•••••••• P•••••••Sponsorconfirmed
“(NYSE: NEWR), the all-in-one observability platform for every engineer, today announced that it has entered into a definitive agreement to be acquired by F•••••••• P•••••••, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternat”

Advisory side

M••••• S•••••• • C•• L••Buy-side adviserconfirmed
“M••••• S•••••• • C•• L•• is acting as lead financial advisor to F•••••••• P••••••• and TPG.”
L••••• • W•••••• L••Legal adviserconfirmed
“Q••••••• P••••••• is serving as financial advisor to N•• R••••, and L••••• • W•••••• L•• is acting as legal counsel.”
F••••••••• B•••••••• D••••••• U• L••Legal adviserconfirmed
“F••••••••• B•••••••• D••••••• U• L•• is acting as legal counsel to Mr. Cirne.”
Q••••••• P•••••••Sell-side adviserconfirmed
“Q••••••• P••••••• is serving as financial advisor to N•• R••••, and L••••• • W•••••• L•• is acting as legal counsel.”

Side not stated

B••• S••••••Managementconfirmed
“B••• S••••••, CEO of N•• R••••, said, “N•• R•••• has made significant progress on its consumption business transition and, together with F•••••••• P••••••• and TPG, we will have the resources and flexibility to not only complete the final chapter of this transition, but also accelerate our strategy ”
N•• R••••Targetconfirmed
“N•• R•••• to be Acquired by F•••••••• P••••••• and TPG for $6.5 B•••ion”

Evidence

“N•• R•••• to be Acquired by F•••••••• P••••••• and TPG for $6.5 B•••ion”