IFLR1000

Insight Venture Partners $624 million acquisition of Diligent Corporation

14/4/2016
Public acquisition
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$ 624 million

Completed

14/4/2016

Overview:

  • Insight Venture Partners, a private equity firm, has acquired Diligent Corporation, a software company, in a transaction worth $624 million.
  • Diligent shareholders received $4.90 ($NZ 7.391) per share of Diligent stock
  • Jefferies acted as financial adviser to Diligent. 

Rani Mehta - Journalist 

Jurisdictions:

United States
New Zealand

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Industry sector:

Technology and telecommunications

Firms:
Lowenstein Sandler

Party: Diligent Corporation (Target)

MinterEllisonRuddWatts

Party: Diligent Corporation (Target)

Lawyer: Cathy Quinn

Willkie Farr & Gallagher

Party: Insight Venture Partners (Acquirer)

Lawyer: Morgan Elwyn

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