Ivanti Announces Successful Refinancing and Strategic Capital Infusion
Deal News | May 02, 2025 | Clearlake Capital
Ivanti, an enterprise software provider known for its comprehensive IT and security cloud-based platform, announced the successful closing of a refinancing transaction, raising $350 million in new capital. With support from a majority of its lenders, the transaction extends the maturity of Ivanti's existing debt facilities to 2029, thereby bolstering the company's financial flexibility. This move is intended to support Ivanti's strategic initiatives and investment in IT, network security, and exposure management to empower customers. Ivanti's CEO, Dennis Kozak, expresses gratitude for the investor support and emphasizes the company's commitment to delivering long-term success by advancing its products and internal processes. This financial strengthening is expected to enhance the business's capacity to offer flexible, market-leading solutions. Ivanti's endeavors are backed by private equity firms Clearlake Capital Group, Charlesbank Capital Partners, and TA Associates, with advisory services from Kirkland & Ellis LLP and Evercore Group LLC.
Sectors
- Information Technology
- Financial Services
Geography
- United States – Ivanti is based in Salt Lake City, Utah, and the transaction involves U.S.-based financial and legal entities, making the United States a primary geographical focus.
Industry
- Information Technology – Ivanti is involved in providing enterprise software solutions, primarily in IT management and security, making it part of the broader Information Technology sector.
- Financial Services – The refinancing and involvement of private equity firm Clearlake Capital and financial advisors like Evercore Group LLC place this news in the Financial Services industry.
Financials
- $350 million – New capital raised by Ivanti as part of the refinancing transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ivanti | Target company | Company | An enterprise software company providing IT and security cloud-based platforms. |
| Clearlake Capital Group, L.P. | Private Equity Firm | Company | A private equity firm backing Ivanti. |
| Charlesbank Capital Partners, LLC | Private Equity Firm | Company | Another private equity firm backing Ivanti. |
| TA Associates | Private Equity Firm | Company | Another private equity firm backing Ivanti. |
| Kirkland & Ellis LLP | Legal advisor | Company | Law firm providing legal advisory services to Ivanti. |
| Evercore Group LLC | Financial advisor | Company | Investment banking advisory firm providing financial advisory services to Ivanti. |
| Dennis Kozak | CEO of Ivanti | Person | CEO of Ivanti, involved in leading the refinancing efforts. |