Silver Lake's Accounting Software Buy Gets FTC Nod

Law360, New York (August 27, 2013, 2:37 PM EDT) -- 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...
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