- Home
- News
- Articles+
- Aerospace
- Agriculture
- Alternate Dispute Resolution
- Banking and Finance
- Bankruptcy
- Book Review
- Bribery & Corruption
- Commercial Litigation
- Competition Law
- Conference Reports
- Consumer Products
- Contract
- Corporate Governance
- Corporate Law
- Covid-19
- Cryptocurrency
- Cybersecurity
- Data Protection
- Defence
- Digital Economy
- E-commerce
- Employment Law
- Energy and Natural Resources
- Entertainment and Sports Law
- Environmental Law
- FDI
- Food and Beverage
- Health Care
- IBC Diaries
- Insurance Law
- Intellectual Property
- International Law
- Know the Law
- Labour Laws
- Litigation
- Litigation Funding
- Manufacturing
- Mergers & Acquisitions
- NFTs
- Privacy
- Private Equity
- Project Finance
- Real Estate
- Risk and Compliance
- Technology Media and Telecom
- Tributes
- Zoom In
- Take On Board
- In Focus
- Law & Policy and Regulation
- IP & Tech Era
- Viewpoint
- Arbitration & Mediation
- Tax
- Student Corner
- AI
- ESG
- Gaming
- Inclusion & Diversity
- Law Firms
- In-House
- Rankings
- E-Magazine
- Legal Era TV
- Events
- News
- Articles
- Aerospace
- Agriculture
- Alternate Dispute Resolution
- Banking and Finance
- Bankruptcy
- Book Review
- Bribery & Corruption
- Commercial Litigation
- Competition Law
- Conference Reports
- Consumer Products
- Contract
- Corporate Governance
- Corporate Law
- Covid-19
- Cryptocurrency
- Cybersecurity
- Data Protection
- Defence
- Digital Economy
- E-commerce
- Employment Law
- Energy and Natural Resources
- Entertainment and Sports Law
- Environmental Law
- FDI
- Food and Beverage
- Health Care
- IBC Diaries
- Insurance Law
- Intellectual Property
- International Law
- Know the Law
- Labour Laws
- Litigation
- Litigation Funding
- Manufacturing
- Mergers & Acquisitions
- NFTs
- Privacy
- Private Equity
- Project Finance
- Real Estate
- Risk and Compliance
- Technology Media and Telecom
- Tributes
- Zoom In
- Take On Board
- In Focus
- Law & Policy and Regulation
- IP & Tech Era
- Viewpoint
- Arbitration & Mediation
- Tax
- Student Corner
- AI
- ESG
- Gaming
- Inclusion & Diversity
- Law Firms
- In-House
- Rankings
- E-Magazine
- Legal Era TV
- Events
DLA Piper advised Nearmap on its acquisition by Thoma Bravo
DLA Piper advised Nearmap on its acquisition by Thoma Bravo
The deal was worth AUD1.05 billion
Global law firm DLA Piper has advised ASX-listed tech company Nearmap on its acquisition by US private equity firm Thoma Bravo.
Founded in Australia in 2007, Nearmap is a leading location intelligence and aerial imagery company. It has grown to become one of the largest aerial survey companies in the world.
Thoma Bravo is one of the largest private equity firms worldwide with over USD114 billion in assets under management, investing in growth-oriented innovative companies in the software and technology sectors.
David Ryan, a partner at DLA Piper said, "We are delighted to advise our long-standing client on this transformative milestone and are proud to have supported them on their journey over many years."
It is proposed that Thoma Bravo will acquire 100 percent shares in Nearmap for AUD2.10 cash per share by way of a Scheme of Arrangement.
According to the law firm, the transaction is another great example of its market-leading capability to deliver complex cross-border public M&A transactions, particularly in the tech sector. It worked along with Citigroup Global Markets Australia Pty Limited, which acted as a financial advisor to Nearmap.
DLA Piper's global, cross-practice team was led by Partner David Ryan, supported by Partners Elliott Cheung and James Stewart, Special Counsel Roger Hawkins, Solicitors Cassian Ho and Mariam Jaber, and Graduate Abdul Ali.
Its tax team also played a key role, led by Partner Eddie Ahn and Senior Associate Kenny Mui, and the US team was led by Partners Andy Weil and Paolo Morante.