NEWS
Paul Hastings Advises Francisco Partners and TPG in $6.5 Billion Take-Private of New Relic
July 31, 2023
Paul Hastings LLP is advising Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, and TPG, a leading global alternative asset management firm, in the take-private of New Relic (NYSE: NEWR), all-in-one observability platform for every engineer. The all-cash transaction values New Relic at an equity valuation of approximately $6.5 billion.
Private Equity partners Mike Kennedy and Jeffrey Wolf are leading the Paul Hasting team, which also includes partners Steve Camahort, Ziemowit Smulkowski, Michael Wise, and Camille Paulhac; Of Counsel Randall Johnston; and associates Mary Walser, Maggie Chou, Claire Connor, Juliette Hua, and Margaret Shields.
More details on the transaction can be found here.
About Paul Hastings
With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.
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Becca Hatton