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Apollo Global Management $4.3 billion acquisition of Rackspace Hosting

3/11/2016
Private acquisition
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$ 4.3 billion

Completed

3/11/2016

Overview:

  • Private equity firm Apollo Global Management has completed its $4.3 billion acquisition of cloud computing company Rackspace Hosting.
  • The transaction price came to $32 per share for the newly private Rackspace.
  • The acquisition was accompanied by an investment in Rackspace from private investment firm Searchlight Capital.
  • The deal was originally announced in August, 2016.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Paul Weiss Rifkind Wharton & Garrison

Party: Apollo Global Mangement (Acquirer)

Lawyers: Brian Janson, Gregory Ezring, Ross Fieldston

Wilson Sonsini Goodrich & Rosati

Party: Rackspace Hosting (Target)

Lawyers: Douglas Schnell, Erik Franks, Martin Korman

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