Silver Lake Management, L.L.C. and CPP Investments acquired remaining 95.9% stake in Qualtrics International Inc. (NasdaqGS:XM) from SAP America, Inc., The Vanguard Group, Inc. and others, in a going private deal.
Andrew J. Schader of Latham & Watkins LLP acted as legal advisor to Silver Lake. Daniel Mitz of Shearman & Sterling LLP, Anthony McCusker of Goodwin Procter LLP and Ethan A. Klingsberg, Sarah K. Solum and Sebastian L. Fain of Freshfields Bruckhaus Deringer US LLP acted as legal advisor to Qualtrics. Morgan Stanley & Co. LLC acted as financial advisor to Qualtrics and Goodwin Procter LLP acted as legal advisor. Barclays Capital Inc. acted as financial advisor to SAP SE and Daniel Mitz, Robert Cardone, Scott Petepiece, Ben Gris, Matthew Readings, Daniel Laguardia, Alan Goudiss, Patrick Hein, Michael Dorf, Alain Dermarkar, Doreen Lilienfeld, Larry Crouch, Michael Steinberg, JB Betker, Sylvain Petit, Barbara Zylberg and Scott Cohen of Shearman & Sterling LLP acted as legal advisor. Goldman Sachs & Co. LLC acted as financial advisor to a Qualtrics committee of independent Directors and Freshfields Bruckhaus Deringer US LLP acted as legal advisor. J.P. Morgan acted as financial advisor and provided committed financing to Silver Lake. Justin G. Hamill and Michael V. Anastasio of Latham & Watkins LLP and Jennifer Hobbs and Catherine Burns of Simpson Thacher & Bartlett LLP acted as legal advisors, with regard to the transaction and to the debt financing, respectively, to Silver Lake. Douglas P. Warner, Dennis F. Adams III, Greg Featherman, Joshua S. Amsel, Olivia J. Greer, Timothy F. Burns, Alexis Brown-Reilly, Neil Rigby and Timothy F. Burns of Weil, Gotshal & Manges LLP acted as legal advisor to CPP Investments. Wells Fargo Corporation acted as the financial advisor to Silver Lake. American Stock Transfer & Trust Company acted as transfer agent to Qualtrics International. Goldman Sachs & Co. LLC acted as fairness opinion provider to Qualtrics International. Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor to Qualtrics International Inc. J.P. Morgan acted as financial advisor and Latham & Watkins LLP and Simpson Thacher & Bartlett LLP acted as legal advisors to Canada Pension Plan Investment Board. Credit Suisse acted as financial advisor to Silver Lake.
Silver Lake Management, L.L.C. and CPP Investments acquired remaining 95.9% stake in Qualtrics International Inc. (NasdaqGS:XM) from SAP America, Inc., The Vanguard Group, Inc. and others, in a going private deal, on June 28, 2023.