On October 11, 2022, ForgeRock, a global digital identity leader, and Thoma Bravo,  a leading software investment firm, announced that they have entered into a definitive agreement under which Thoma Bravo will acquire ForgeRock in an all-cash transaction valued at $23.25 per share. The offer represents a premium of approximately 53% over ForgeRock’s closing share price on October 10, 2022. Wilson Sonsini Goodrich & Rosati is advising ForgeRock on the transaction.

The deal, which is expected to be completed in the first half of 2023, is subject to the approval of ForgeRock stockholders and the satisfaction of customary closing conditions, including applicable regulatory approvals. Upon completion of the transaction, ForgeRock’s common stock will no longer be publicly listed and ForgeRock will become a privately held company.

The Wilson Sonsini team that advised ForgeRock on the transaction includes:

Corporate/M&A
Rezwan Pavri
Marty Korman
Michael Russell
Douglas Schnell
Remi Korenblit
Ross Tanaka
Elia Perez Villamarin
Eric Chang

Technology Transactions
Barath Chari
Allegra Sachs
Patrick Messenger
Mary O’Brien

Privacy and Cybersecurity
Matt Staples
Daniel Chen

Employee Benefits and Compensation
Sriram Krishnamurthy
Matthew Norgard
Jason Chan

Corporate Finance
Dana Hall
Sarah Gohary

Tax
Myra Sutanto Shen
Brandon King

Delaware Law
Amy Simmerman
Ryan Greecher

Antitrust and Competition
Ben Labow
Michelle Yost Hale
Kimberley Biagioli
Robin S. Crauthers

Regulatory
Joshua Gruenspecht
Nimit Dhir
Seth Cowell
Anne Seymour

For more information, please see news coverage on Reuters and TechCrunch.