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Salesforce $6.5 billion acquisition of MuleSoft

20/3/2018
Acquisition finance, Public acquisition
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$ 6.5 billion

Announced

20/3/2018

Overview:

  • Cloud computing company Salesforce has acquired integration platform MuleSoft in a $6.5 billion deal. 
  • The transaction cost includes $600 million of MuleSoft's debt. 
  • A portion of the deal's financing is coming from a $2.5 billion 3.5% and 3.7% notes offering by Salesforce. 
  • The offering's underwriters were led by BofA Merrill Lynch, JP Morgan Securities, Barclays Capital, Citigroup Global Markets, Deutsche Bank Securities and Wells Fargo Securities. 
  • BofA Merrill Lynch was exclusive financial adviser for Salesforce on the acquisition, as was Goldman Sachs for MuleSoft. 
  • The transaction is expected to close by the end of July 2018. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal types:

Acquisition finance
Public acquisition

Practice areas:

Capital markets : Debt
M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Davis Polk & Wardwell

Party: BofA Merrill Lynch (Underwriter)

Party: JP Morgan Securities (Underwriter)

Party: Barclays Capital (Underwriter)

Party: Citigroup Global Markets (Underwriter)

Party: Deutsche Bank Securities (Underwriter)

Party: Wells Fargo Securities (Underwriter)

Lawyers: Alan Denenberg, Shane Tintle

Shearman & Sterling

Party: BofA Merrill Lynch (Financial adviser)

Lawyer: Michael Dorf

Wilson Sonsini Goodrich & Rosati

Party: MuleSoft (Target)

Lawyer: Rezwan Pavri

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