Simpson Thacher is representing Centerbridge Partners L.P. (Centerbridge) in connection with its entering into definitive agreements to acquire enterprise software providers Syncsort Incorporated (Syncsort) and Vision Solutions, Inc. (Vision) for $1.26 billion from Clearlake Capital Group, L.P. (Clearlake). Upon completion of the transaction, Syncsort and Vision will be combined to create a leading “Big Iron to Big Data” platform investment controlled by Centerbridge. Clearlake is retaining a minority ownership stake in the combined business.
Syncsort is a recognized global leader in Big Iron to Big Data solutions within the data management space focused on strategies for optimizing existing data infrastructure while allowing critical data assets to be shared in next-generation analytic environments.
Vision is a leading provider of business resilience solutions. Its software solutions are designed to protect data, minimize downtime and maximize resources for the modern data center.
The Simpson Thacher team includes Atif Azher, Caroline Gottschalk, Naveed Anwar, Anna Maria Galinska, Robert Kelley and Clint Eastman (M&A); Brian Steinhardt, Adam Weiner and Davis Mahon (Credit); Larry Moss, Alisa Tschorke and Monisha Bhayana (Executive Compensation and Employee Benefits); Gary Mandel, Sophie Staples and Morgan Otway (Tax); Lori Lesser and JaeWon Lee (Intellectual Property); and Peter Guryan, Kelly Karapetyan, Kenneth Ehrhard and Richard Jamgochian (Antitrust).