Ivanti Enhances Financial Flexibility with Successful $350 Million Refinancing
Deal News | May 02, 2025 | Clearlake Capital
Ivanti, an enterprise software company offering IT and security solutions, has completed a refinancing transaction with substantial backing from its lenders. This transaction secures $350 million in new capital and extends the maturity of existing debt to 2029. This strategic move enhances Ivanti's liquidity and financial flexibility, allowing it to support its ongoing transformation and key strategic initiatives. Ivanti aims to invest across its IT and security solutions to better serve customers' evolving needs and manage the cybersecurity landscape, all under the backing of Clearlake Capital Group, Charlesbank Capital Partners, and TA Associates. Legal and financial guidance for the transaction was provided by Kirkland & Ellis LLP and Evercore Group LLC.
Sectors
- Enterprise Software
- Private Equity
- Financial Services
Geography
- United States – Ivanti is based in Salt Lake City, Utah, and the refinancing transaction is significant within the U.S. financial landscape.
Industry
- Enterprise Software – Ivanti operates within the enterprise software industry, providing IT and security cloud-based solutions.
- Private Equity – Clearlake Capital, a private equity firm, is involved in supporting Ivanti’s refinancing and strategic initiatives.
- Financial Services – Involvement of financial advisors like Evercore Group LLC indicates participation from the financial services sector.
Financials
- $350 million – The amount of new capital raised by Ivanti as part of the refinancing transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ivanti | Target Company | Company | Ivanti is an enterprise software firm providing IT and security solutions, recently engaged in a strategic refinancing. |
| Clearlake Capital Group, L.P. | Private Equity firm | Company | A major private equity firm backing Ivanti’s financial and strategic endeavors. |
| Charlesbank Capital Partners, LLC | Investor | Company | Backer of Ivanti alongside other investment partners. |
| TA Associates | Investor | Company | One of Ivanti’s investment partners supporting the strategic initiatives. |
| Dennis Kozak | CEO of Ivanti | Person | Chief Executive Officer of Ivanti, overseeing the company’s strategic refinancing initiative. |
| Kirkland & Ellis LLP | Legal Advisor | Company | Provided legal advice to Ivanti during their refinancing process. |
| Evercore Group LLC | Financial Advisor | Company | Financial advisory firm serving Ivanti in their refinancing efforts. |