Latham Represents TPG in Investment in Veeam Software Bringing Valuation to US$15 Billion
Veeam® Software, the #1 global leader in Data Resilience by market share, has announced an expansion of its shareholder base in a US$2 billion secondary offering, valuing the company at US$15 billion. This transaction was led by TPG (NASDAQ: TPG) with participation from Temasek, Neuberger Berman Capital Solutions, and other key investors, reinforcing Veeam’s position as a global leader in the rapidly growing data resilience market.
Latham & Watkins LLP represented TPG in the transaction with a corporate team led by partners Justin Hamill, Kristen Grannis, and John Miller and counsel Gloria Ring, with associates Jennifer Boyd, Sue Kim, Dante Spurlock, and Jessica Mall. Advice was also provided on tax matters by partner Katharine Moir, with associate Gregory Conyers; on compensation and benefits matters by partner Benjamin Rosemergy, with associate Victoria Wolfe; on labor and employment matters by counsel Laura Waller, with associate Jocelyn Wexler; on real estate matters by counsel Jeffrey Anderson; on intellectual property matters by partner Michelle Gross, with associate Caroline Omotayo; on ESG matters by partner Betty Huber, with associate Austin Pierce; on data privacy matters by partner Gail Crawford and counsel Robert Brown, with associates Sarah Zahedi, Priyanka Krishnamurthy, and Lorenzo Meusburger; on anti-corruption and anti-bribery matters by partner Scott Joiner, with associate C.J. Rydberg; on cross-border matters by partner Olga Ponomarenko, with associate Kirill Grishin; on government contracts matters by partner Kyle Jefcoat, with associate Gabbie Chartier; and on regulatory matters by partners Les Carnegie and Kelly Fayne and counsel Catherine Hein, with associates Drew Weisberg, Charlie Beller, and Elliot Hecht; and on sanctions and export controls matters by counsel Andrew Galdes, with associate C.J. Rydberg