Simpson Thacher is representing Francisco Partners in connection with its entry into a definitive agreement, alongside Clearlake Capital Group, L.P., to acquire the Software Integrity Group business from Synopsys, Inc (NASDAQ: SNPS) in an all-cash transaction worth approximately $2.1 billion. Upon completion of the transaction, which is expected to close in the second half of 2024, the Software Integrity Group business will operate as a privately held company.
Synopsys’ Software Integrity Group is a leading provider of application security testing solutions that transform the way development teams build and deliver software, accelerating innovation while addressing business risk. Its comprehensive, industry-leading portfolio of software security products interoperates with third-party and open-source tools, allowing organizations to leverage existing investments to build the security program that is best for them.
The Simpson Thacher team includes Robert Langdon, Atif Azher, Naveed Anwar and Shaneel Parikh (M&A), Russell Light and Bill Smolinski (Tax), Karen Kazmerzak and Max Fischer-Zernin (Antitrust) and Mark Skerry (Regulatory).