3 Firms Steer Thoma Bravo's $2B Qad Take-Private Deal

Law360 (June 28, 2021, 1:23 PM EDT) -- Qad Inc. announced Monday that it will go private through a deal with investment firm Thoma Bravo guided by Paul Weiss, Paul Hastings and Kirkland & Ellis that values the manufacturing logistics company at about $2 billion.

Founded in 1979, Santa Barbara, California-headquartered Qad develops cloud-based software for global manufacturers to monitor their supply chains and streamline production, among other tasks. The all-cash agreement sees Thoma Bravo paying $87.50 per share.

Qad CEO Anton Chilton will continue to head the company under the deal terms, according to Monday's joint announcement. In it, Chilton called the agreement a "compelling opportunity to build...

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