Zuora, a leading monetization suite for modern business, agreed to be acquired by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC, in a transaction valued at $1.7 billion. Upon completion of the transaction, Zuora will become a privately held company.
S&C is advising Zuora CEO Tien Tzuo on the take-private acquisition and on rollover and ongoing governance and employment arrangements.
The S&C team is led by Melissa Sawyer, Pete Jones and Devin Hisarli. Matthew Friestedt is advising on executive compensation matters. Davis Wang is advising on tax matters.