Simpson Thacher is representing Qualtrics, a portfolio company of Silver Lake Partners, in connection with its committed debt financing for Qualtrics’ proposed acquisition of Press Ganey Forsta (“Press Ganey”). Qualtrics entered into a definitive agreement to invest $6.75 billion to acquire Press Ganey. The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and is expected to close in the coming months.
Press Ganey is a leading global provider of experience technology, data analytics, and insights that help companies better understand and serve their customers, employees and stakeholders.
Qualtrics is trusted by thousands of the world’s best organizations to power exceptional customer and employee experiences that build deep human connections, increase customer loyalty, boost employee engagement, and drive business success.
The Simpson Thacher team includes Catherine Burns, Dorothy Hector, Matthew Digirolamo and Hannah Spiegel (Credit).