Paul Hastings Advises Francisco Partners and TPG in $6.5 Billion Take-Private of New Relic
Paul Hastings LLP is advising Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, in the take-private of New Relic (NYSE: NEWR), all-in-one observability platform for every engineer. The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion.
Private Equity partners Mike Kennedy and Jeffrey Wolf are leading the Paul Hasting team, which also includes partners Steve Camahort, Ziemowit Smulkowski, Michael Wise, and Camille Paulhac; Of Counsel Randall Johnston; and associates Mary Walser, Maggie Chou, Claire Connor, Juliette Hua, and Margaret Shields.
More details on the transaction can be found here.
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