Francisco Partners and TPG Capital Acquire Boomi from Dell Technologies for $4 Billion
San Francisco – Paul Hastings LLP, a leading global law firm, announced that it advised Francisco Partners and TPG Capital in the acquisition of Boomi, a provider of cloud-based integration platform as a service (iPaaS) from Dell Technologies. The cash transaction is valued at $4 billion and is expected to close by the end of 2021 subject to customary closing conditions. The transaction was announced on May 2, via the announcement here.
Francisco Partners is a global investment firm with more than $25 billion in assets under management that specializes in partnering with technology and technology-enabled businesses. TPG is a global alternative asset firm with more than $91 billion of assets under management.
The Paul Hastings team was led by partner Mike Kennedy, and included partners Jeff Wolf, Suzanne Horne, and Camille Paulhac; of counsel Mike Wise, senior associate Randall Johnston, and associate Chris Cruickshank.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.