Sidley is representing Clearlake Capital Group, L.P. in its US$4.4 billion definitive agreement, in partnership with Insight Partners, to acquire Alteryx, Inc. (NYSE: AYX), an analytics cloud platform company. Alteryx powers analytics through their cloud platform, helping enterprises make decisions with automated, AI-driven insights. Under the terms of the definitive agreement, Alteryx stockholders will receive US$48.25 per share in cash for each share of Alteryx Class A or Class B common stock that they own.
The transaction is expected to close in the first half of 2024, subject to customary closing conditions and approvals, including receipt of required regulatory approvals and approval by Alteryx stockholders. Upon the completion of the transaction, Alteryx will become a privately held portfolio company of Clearlake and Insight.
The Sidley deal team is being led by Mehdi Khodadad, Mark Castiglia, and Daniel Belke (M&A and Private Equity), and includes Avni Mehta, Nick DeAngelis, Cameron Turkzadeh, and Francesca Sadler (M&A and Private Equity); Nicholas Schwartz, Kristen Smith, Shayona Schiely, Shneur Wolvovsky, Avery Stefan, and Shea Corrigan (Global Finance); Ken Daly, Vadim Brusser, Jamie Sadler, Uvini Edirisinghe, and Iva Todorova (Antitrust and Competition); Stacy Crosnicker and Sarah Recktenwald (Employee Benefits and Executive Compensation); Eric Kauffman, Peter McCorkell, Emily Wajert, Maeve Gillespie, and Alex Down (Labor and Employment); William Long, Sheri Porath Rockwell, Denise Kara, Lauren Kitces, and Sasha Hondagneu-Messner (Privacy and Cybersecurity); Kyle Barnett, Dusan Clark, and Ida Ebeid (Technology Transactions); Rachel Kleinberg, Jonathan Westreich, and Fraser Tudor (Tax); Scott Goldstein (Insurance); Sven De Knop, Jen Fernandez, Alessandra Moroni, and Lindsey Ricchi (International Trade); and Johnny Skumpija and Robert Mandell (Capital Markets).
