Silver Lake's Accounting Software Buy Gets FTC Nod

Law360, New York (August 27, 2013, 2:37 PM ET) -- Antitrust officials have signed off on Silver Lake Partners LLC's majority investment in Blackline Systems Inc., a company that makes accounting software, according to documents made public Tuesday.

Terms of the transaction aren't disclosed, but has been widely reported at more than $200 million. It comes from the private equity firm's middle-market group, Silver Lake Sumeru LP, which is sitting on a $1.1 billion fund and focuses more on smaller deals and growth equity investments than the large-cap buyout business.

The Federal Trade Commission approvals allow...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers