Deal: Nearmap was advised on its acquisition by Thoma Bravo.

Value: $1.05 billion

Area: Corporate

Key players: DLA Piper’s global, cross-practice team was led by partner David Ryan, supported by partners Elliott Cheung and James Stewart, special counsel Roger Hawkins, solicitors Cassian Ho and Mariam Jaber, and graduate Abdul Ali.

The DLA Piper tax team played a key role and was led by partner Eddie Ahn and senior associate Kenny Mui, as well as its US team led by partners Andy Weil and Paolo Morante.

Deal significance: Nearmap is a leading location intelligence and aerial imagery company. Founded in Australia in 2007, it has grown to become one of the largest aerial survey companies in the world.

Thoma Bravo is one of the largest private equity firms in the world with more than USD$114 billion in assets under management, its acquisition of Nearmap falls in line with its goal of investing in growth-oriented, innovative companies in the software and technology sectors.

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It is proposed that Thoma Bravo acquire 100 per cent of shares in Nearmap for $2.10 cash per share by way of a scheme of arrangement.

“This transaction is another great example of our market leading capability to deliver complex cross-border public M&A transactions, particularly in the tech sector,” DLA Piper said in a statement.

DLA Piper worked alongside Citigroup Global Markets Australia, which acted as financial adviser to Nearmap. 

“We are delighted to have advised our long-standing client on this transformative milestone and are proud to have supported them on their journey over many years”, said Mr Ryan.

“This deal continues to build on our track record of advising clients on complex public M&A mandates,” said DLA Piper.