Zuora: $1.7 Billion Take-Private Orchestration by Silver Lake and GIC
Deal News | Feb 19, 2025 | Paul Hastings
Paul Hastings LLP played a pivotal role in advising the financing sources for a major transaction where Silver Lake and GIC Pte. Ltd. executed a $1.7 billion take-private deal to acquire Zuora, Inc., a monetization platform designed to service modern businesses with modular software. The advisory team was spearheaded by Global Finance partners Stephen Gruendel and David Barash, with support from of counsel and associates. Paul Hastings is renowned globally for its elite teams across several core legal practices, known for providing strategic advisory services to investment banks, asset managers, and corporations.
Sectors
- Legal Services
- Private Equity
- Software
Geography
- United States – Zuora, the target company, is based in the United States.
- Singapore – GIC Pte. Ltd, one of the acquiring companies, is based in Singapore.
Industry
- Legal Services – Paul Hastings LLP is a law firm providing legal advisory for the transaction.
- Private Equity – The transaction involves a take-private deal by private equity firms Silver Lake and GIC.
- Software – Zuora, Inc., the target company, operates as a modular software platform.
Financials
- $1.7 Billion – The valuation for the take-private acquisition of Zuora by Silver Lake and GIC.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising the financing sources for the transaction. |
| Silver Lake | Acquiring Company | Company | A private equity firm participating in the acquisition of Zuora. |
| GIC Pte. Ltd. | Acquiring Company | Company | A global investment firm based in Singapore involved in the acquisition. |
| Zuora, Inc. | Target Company | Company | A modular software platform and monetization platform targeted in the acquisition. |
| Stephen Gruendel | Global Finance Partner | Person | Led the advisory team from Paul Hastings. |
| David Barash | Global Finance Partner | Person | Led the advisory team from Paul Hastings alongside Stephen Gruendel. |