Shearman & Sterling advised JPMorgan Chase, as Lead Arranger and Administrative Agent on a $1.496 billion first lien financing for Snow Borrower & Project Leopard Holdings, consisting of a $1.346 billion term loan facility and a $150 million revolving credit facility, and also advised certain of the arrangers and lenders on a $348 million second lien term loan facility, to finance the acquisition of Kofax Parent Limited (Kofax) by Snow Bido (sponsored by Clearlake Capital Group and TA Associates Management), from Thoma Bravo.
Headquartered in Irvine, California, Kofax provides an intelligent automation software platform for enterprises to achieve digital transformation through document intelligence, process orchestration, AI, cognitive services, and connectivity to other software applications. Combining capabilities that address a multitude of use cases, Kofax offers customers a low-code software experience resulting in powerful solutions. As a result, Kofax customers have been able to achieve their goals more quickly while experiencing a faster return-on-investment.
The Shearman & Sterling team below included associates Christina Simpson and Carly Cha.