The Firm represented Silver Lake in connection with its investment in Qualtrics International Inc. (“Qualtrics”), which closed concurrently with the closing of the initial public offering of Qualtrics. Silver Lake purchased in a private placement $550 million of shares of Qualtrics’ Class A common stock, comprising (a) 15,018,484 shares at $21.64 per share and (b) $225 million of shares at $30 per share, the initial public offering price.
Qualtrics, a recognized leader in customer experience and the creator of the Experience Management category, is changing the way organizations manage and improve the four core experiences of business—customer, employee, product and brand.
The Simpson Thacher team included Ken Wallach, Hui Lin and Richard Ragusa (Capital Markets); Drew Purcell and Eli Shalam (Tax); Amber Harezlak and Bobbie Burrows (Intellectual Property and Data Privacy); and Pasco Struhs (Executive Compensation and Employee Benefits).