trending Market Intelligence /marketintelligence/en/news-insights/trending/cd6f5UVdHjfAlIOcxExGFw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Francisco Partners-led group to acquire LogMeIn in $4.3B all-cash deal

Mining Exploration Insights – May 2020

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Essential Energy Insights - May 14, 2020

COVID-19: From Safe Harbor to Rough Seas – The Choppy Outlook for US Public Finance

Francisco Partners-led group to acquire LogMeIn in $4.3B all-cash deal

An investor group led by affiliates of technology-focused private equity firm Francisco Partners Management LP agreed to buy LogMeIn Inc. in an all-cash deal that values the cloud-based connectivity company at roughly $4.3 billion.

The consortium includes Evergreen Coast Capital Corp., a private equity firm affiliated with hedge fund manager Elliott Management Corp.

The deal provides that LogMeIn stockholders will receive $86.05 for each common share they hold, reflecting a premium of about 25% to the company's unaffected Sept. 18 closing stock price, when media speculation about a possible sale process first came to light.

The board-approved transaction comes with a 45-day go-shop provision that allows LogMeIn and its advisers to actively solicit alternative buyout proposals.

The deal is anticipated to close in mid-2020, subject to shareholder and regulatory approvals.

Qatalyst Partners and J.P. Morgan Securities LLC are financial advisers to LogMeIn, with Latham & Watkins LLP as its legal adviser.

Mizuho Bank Ltd. is the lead financial adviser to Francisco Partners and Evergreen; Barclays, Deutsche Bank Securities, Jefferies LLC and RBC Capital Markets are their co-financial advisers; and Paul Hastings LLP, Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP are their legal advisers.

Barclays, RBC Capital, Deutsche Bank, Jefferies Finance LLC and Mizuho Bank provided committed debt financing for the deal.