International Business Machines Corporation entered into a definitive agreement to acquire Apptio, Inc. from Vista Equity Partners Management, LLC for $4.6 billion.
Stuart Casillas, Brittany Sakowitz, Christian Atwood, David Kung, Heidi Yuen, Doug Tedeschi, John Lynn, Daisy Darvall and Rohit Nafday of Kirkland & Ellis acted as legal advisors to Vista Equity Partners in the transaction. Steven Williams, Laura Turano, Scott Barshay, Amanda Gill, Caith Kushner, Jason Tyler, Jonathan Ashtor, Jarrett Hoffman, Peter Fisch, Scott Sontag, Sohail Itani and Marta Kelly of Paul, Weiss acted as legal advisors to IBM in the transaction. Wells Fargo Corporation acted as financial advisor for International Business Machines Corporation. HSBC Securities (USA) Inc. acted as financial advisor to Vista Equity Partners Management, LLC.