QAD to be Acquired by Thoma Bravo for $2 Billion

Century City and San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Pamela Lopker, founder and controlling stockholder of QAD, a leading provider of next-generation manufacturing and supply chain solutions in the cloud, in a definitive agreement for the company to be acquired by Thoma Bravo for $2 billion.

Upon completion of the transaction, QAD will become a private company with the flexibility to continue investing in the development and deployment of Enterprise Resource Planning software and related enterprise software for manufacturing companies around the world.

M&A Partner David Hernand led the Paul Hastings team, which included partners Sean Monroe and Steve Camahort; of counsel Rick Horvath, and associates Stuart Downey and Julian Alsarhn. Additional advice was provided by partner Stephen Harris, of counsel Amy Lawrence, and associate M’Alyssa Mecenas on Tax.

The transaction is expected to close in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including the approval of owners of the majority of QAD shares not held by Ms. Lopker, her affiliates and other directors and officers of the Company. Following the closing of the transaction, Ms. Lopker intends to retain a significant ownership interest in the company, and will continue to serve on the QAD Board.

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