Thoma Bravo agrees $1.5bn Everbridge take-private deal

Everbridge was founded in the aftermath of 9/11 with the mission of helping to keep people safe and organisations running amid critical situations.

The transaction, which was approved by Everbridge’s board of directors, and includes a 25-day “go-shop” period expiring on 29 February 2024, is expected to close in the second quarter of 2024, subject to customary closing conditions, including approval by Everbridge shareholders and the receipt of required regulatory approvals. The transaction is not subject to a financing condition.

Upon completion of the transaction, Everbridge common stock will no longer be listed on any public stock exchange. The company will continue to operate under the Everbridge name and brand.

Qatalyst Partners is serving as financial advisor and Cooley is serving as legal counsel to Everbridge. Kirkland & Ellis is serving as legal counsel to Thoma Bravo.

Source: Private Equity Wire