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Simpson Thacher represented Lazard as exclusive financial advisor to Kofax Limited (NASDAQ: “KFX”) (LSE: “KFX”) in connection with its announced sale to Lexmark International, Inc. (NYSE: “LXK”). Under the terms of the agreement, Lexmark will acquire all of the outstanding shares of Kofax for $11 per share in cash for a total enterprise value of approximately $1 billion, net of cash acquired. The acquisition is expected to close in the second quarter of 2015 and is subject to Kofax shareholder approval, applicable regulatory clearances and other customary closing conditions. 

Kofax is a leading provider of smart process applications to simplify and transform the First Mile™ of customer engagement. Success in the First Mile can dramatically improve the customer experience, greatly reduce operating costs and increase competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in financial services, insurance, government, healthcare, supply chain, business process outsourcing and other markets. Kofax delivers these through its direct sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific.

The Simpson Thacher team included Rich Capelouto, Robert Langdon and Daniel Saposnik (M&A).